Former Microsoft Xbox One, Don Mattrick will receive a mix of salary, bonuses and stock options that will gross $19.3 million in his first year at Zynga.
Mattrick annual salary will be only $1 million, but the bonuses he will receive is what will push his salary up. According to gamespot.com Here's how it will break down, "Mattrick will receive a signing on bonus of $5m alongside another $2m as his 2013 bonus, giving the executive's bank account at least an $8m boost after his first year at the company, but the bulk of the newly minted CEO's potential profits come from 9 million stocks at the company, which are currently valued at over $30.5m.
Mattrick's stock will vest over the next three years, with the CEO able to cash in just over 45% of his 9 million shares at the end of his first year at the company. This means Mattrick is set to earn $19.3m dollars over the next year.
The stock options are part of a package to compensate Mattrick for the stock he lost in leaving Microsoft.
In all, Mattrick is expected to make approximately $14.3 million in his second year and around $8.4 million in his third. If the board of directors at Zynga is happy with his performance then he'll be in line for even more money"Mattrick was smart enough to get the fuck out of dodge before sales for the Xbox One came in, and his business reputation took a hit. He was a CEO for a Mega market and took the downgrade for more money. Men, lie, women lie, numbers don't
Sometimes in life, you don't have to overwork yourself and take the blame for a failed team effort. Sometimes it's best to take your talents to another area and get what you are due.
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