On October 1, EA filed a Form 8-K with the US Securities and Exchange Commission, noting a change in Compensatory Arrangements of Certain Officers. Basically, what this means, is that EA has cut the salary of executive chairman Larry Probst from $1.03 million to $515,000 annualized, minus applicable deductions.
Larry Probst headlines
EA’s interim executive chairman Larry Probst is keeping the throne warm after John Riccitiello’s departure from the company last month. He will make $1.03 a year in the role until a suitable heir can be found. Our money’s on Peter Moore.
During the publisher’s annual general meeting, via MCV, EA chairman Larry Probst assured shareholders that there are “absolutely no plan to replace John Riccitiello as CEO”. The issue was raised in a Q&A session after rumours broke earlier in the month that Peter Moore was set to take over the executive’s role. EA’s fluctuating share […]