I hear that there is also speculation that Nixon stepped down because of his involvement with the break-in at Watergate. I hear it was either resign or get impeached.
Official Xbox One Thread
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Giant companies don't acquire CEO's overnight. Planned in advance I'm sure.Comment
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Mattrick Gets Hefty Cash and Stock Package From Zynga, Including $19.3 Million in the First Year
Zynga just filed its 8-K regulatory filing that outlines the compensation it took to attract Microsoft Xbox head Don Mattrick to the troubled social gaming company as its new CEO, replacing founder Mark Pincus.
In total, without figuring in increases in the stock that have already occurred, the longtime gaming exec is getting about $50 million in cash and stock compensation over several years. This all depends on a number of factors. For example, if the shares pop — the stock is already up significantly since since his hiring — the package is obviously much more valuable.
While it is a largely stock-based compensation package, Mattrick will also be getting plenty of cash, with a cash and stock package totaling $19.3 million in his first year. That includes a $5 million signing bonus in cash, a $1 million annual salary and a pro-rated but guaranteed cash bonus of $2 million. In the period, he will also receive $11.3 million in Zynga stock in a make-whole grant related to the vesting shares he lost in leaving Microsoft.
Mattrick is also getting an “inducement” grant of 1,785,714 restricted stock units, valued at $5 million, as well as an option to purchase 7,357,143 shares now worth $10 million, which will also vest over several years.
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Mattrick Gets Hefty Cash and Stock Package From Zynga, Including $19.3 Million in the First Year
http://allthingsd.com/20130703/the-5...he-first-year/Comment
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I bet the hundreds of employees Zynga laid off last month are super stoked to see this guy get a $19M sign on bonus.
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Riiiiight... I'm sure they are amped to see their floundering company throw $5M at a guy who just got his ass handed to him at E3. They're probably polishing up their Linkedin pages as we speak.Comment
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