EA’s boss has received a £16million pay cut
nme.comEA boss Andrew Wilson has received a hefty pay cut, reducing his annual pay from roughly £32.5million ($39.2million) down to £16.2million ($19.9million).The report comes from the publication Axios, which spotted the company filing detailing the pay reduction.
Despite the cut, Axios states the pay is “still within the stratosphere of executives of multibillion-dollar corporations.”This comes on the heels of reports last year that EA would be making substantial changes to executive pay due to negative feedback from shareholders.
This was due to a ‘say-on-pay’, in which 170.89m voted against the company’s pay plan as opposed to 59.6m voting in support of it.Wilson received a 3.2 per cent bonus increase to his base pay, which equates to roughly £1million ($1.3million).
EA stated this was due to strong performance, based on the company hitting release schedules, increases in live service engagement, and high employee diversity as well as robust employee satisfaction ratings.The report filing mentioned that “FIFA 22 was the strongest FIFA ever”.
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