Having previously demonstrated a complete aversion to change, Zynga is now busily changing up policies if not its development philosophy to retain its fleeing top brass. Highlights include CEO Marc Pincus now drawing a $1 salary, while execs like Steven Chiang got a sizable bump, in Chiang’s case from $300K to $500K. Bonuses have also been increased, but they’re now more closely tied to performance as well.
“The Company’s 2013 executive compensation program is designed to focus on two primary objectives: first, retaining and motivating our talented, entrepreneurial executive leadership team;” the company’s SEC filing reads “and second, aligning our executive pay structure with company performance-based incentives. We believe that by focusing on both retention and performance, the compensation packages align with our strategy to build value for our stockholders.”
Source Inside Social Games
Filed Under: Gaming News