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 GamesFiled Under: Gaming News