Sections

Zynga CEO package worth $19.3 million this year, $50 million over three years

Thursday, 4th July 2013 00:06 GMT By Brenna Hillier

Over the next few years, new Zynga CEO Don Mattrick will receive compensation worth about $50 million.

Image credit @mythor

The new executive will receive a base salary of $1 million for his first year, a cash bonus of $5 million for signing on the dotted line, and a $2 million bonus for 2013, which is the average bonus received by Zynga’s other executives.

Mattrick’s remaining compensation will be mostly stock-based, according to a Reuters report on a Zynga SEC filing.

To start with, Mattrick will receive a $25 million share grant – about 9 million units to vest over three years.

The shares are worth $30.5 million now, but at the end of his first year in office, Matrrick will receive 45.32% of that amount, which should net him a further $11.3 million – bringing his first year cash total to $19.3 million.

On top of that, Zynga will grant Mattrick a further 1.78 million stock units worth $5 million, as well as the option to buy a further 7.3 million worth $10 million, to vest at the end of his third, fourth and fifth employment terms – an inducement to stick around.

And finally, if Mattrick performs well, Zynga may grant him further stock worth $7 million.

Zynga stock rose sharply when Mattrick’s appointment was announced.

Breaking news

25 Comments

Sign in to post a comment.

  1. MCTJim

    As I said many times before, these guys have no brand loyalty…they go where the money and perks are. Its how business works.

    #1 1 year ago
  2. wildBoar

    Nothing to get heated about I guess, world’s always been this fucked..

    #2 1 year ago
  3. POOP CRUSTY

    Meanwhile Police officers and Soldiers will never even get closed to that ammount of money…

    #3 1 year ago
  4. DarkElfa

    What a gigantic pile of shit. This guy doesn’t deserve 1/1000 of that much for what he does.

    Complete and utter nonsense.

    #4 1 year ago
  5. salarta

    Well, now we know why he doesn’t mind coming off like a gigantic douche with things like “if you don’t want to go online you should buy a 360.” If he gets fired, he can still retire for fifty lifetimes.

    Oh, and while past Zynga employees are still laid off for him to get that high salary.

    #5 1 year ago
  6. YoungZer0

    Tax the rich.

    #6 1 year ago
  7. NightCrawler1970

    Keep dreaming don Mattrick
    http://www.picturesof.net/_images_300/Picture_Sheep_Jumping_over_a_Fence_in_the_Proverbial_Symbol_for_Insomnia_in_This_Stock_Photo_110824-115732-044001.jpg

    #7 1 year ago
  8. ChunkyLover112

    So sad to see Don leave Microsoft… He’s a great man and he made the world see how great Xbox is. Xbox One hasn’t even been released yet and it’s already been duubed as the winner of next-gen by gamers. Even PS3 fanboys. I’ve seen a bunch of them here who have pre-ordered Xbox One :-) Finally, gamers see how fucked the Play$tation $ony are.

    #8 1 year ago
  9. YoungZer0

    @8: Are you stupid?

    #9 1 year ago
  10. ChunkyLover112

    #9: Why?

    Because I’m pointing out the obvious?

    #10 1 year ago
  11. NightCrawler1970

    @heh me pre-ordered Xbone??? WHAHAHAHAHHAAH, i always for SONY…

    #11 1 year ago
  12. YoungZer0

    @10: Because you seem to deny everything that has happened in the past few weeks. Reality is your biggest enemy.

    #12 1 year ago
  13. ChunkyLover112

    #11: I was referring to mature gamers, kid. Not Sony fanboys like you.

    #13 1 year ago
  14. ChunkyLover112

    #12: I’m not denying anything, child. But you are! Check the fucking news and some real game websites. VG247 is bieased as fuck. Everybody knows that.

    #14 1 year ago
  15. DarkElfa

    How may alt accounts does ps3fanboy have?

    #15 1 year ago
  16. YoungZer0

    @14: Yeah, the truth has a sony bias.

    #16 1 year ago
  17. lookingglass

    We as a species are so fucked.

    #17 1 year ago
  18. Resident gamer

    @YoungZer0 dude let the retards be retards, do you try and stop and reason with a monkey flinging poo.

    #18 1 year ago
  19. Un-HolyMOTHERofGOD

    And here I thought the 5grand I got for signing my contract was a lot. Boy, was I wrong! Definitely should have went to business school.

    #19 1 year ago
  20. DeyDoDoughDontDeyDough

    I genuinely pity people for whom money is their motive for living, yet have no sympathy at all for anyone who thinks being this rich is okay. Christ, has anyone experienced American poverty recently? Los Angeles and Calcutta are pretty much on a par. It takes a special kind of solipsism to accept this much money for your own personal use.

    And by special, I mean evil.

    #20 1 year ago
  21. CyberMarco

    All hail capitalism!

    I wonder what he is going to do with all that money…

    #21 1 year ago
  22. machy

    how hard is it to be CEO ”teams and teams do analysis and do all the math and he goes like Umm i like Blue .. ”

    .. i bet i can do better job then him for 19K/year

    #22 1 year ago
  23. Myth

    It’s in stock, damnit. He’s not getting 19 million dollars – he gets a salary of 1 million and a sign-on bonus of 5 million. That is 6 million dollars – the rest is in stock and there’s nothing about when he can actually sell that stock.

    So Mattrick’s pay is largely based on the performance of Zynga’s stock and I dunno that I’m all that bullish on that particular investment opportunity. But it’s pretty fair – he’s in charge of righting the ship and he’ll profit if he can do that.

    #23 1 year ago
  24. LordDjinn

    Reading the first few comments i have lost even more faith in the human race.. Don M. has showed his true colors to the gamers and now he is leaving microsoft after saying screw you guys with no internet.. anyone saying hes a great man is oblivious or just stupid..

    #24 1 year ago
  25. DeyDoDoughDontDeyDough

    @Myth

    “It’s pretty much fair”

    Really? A social worker who looks after sick kids gets $15000 per year. Is what he’s doing, any aspect of his job, worth three and a half thousand carers? Are they worth 1/3500th of a Don Mattrick?

    Corporate wages are an example of unfathomable, evil greed.

    #25 1 year ago