Official Xbox One Thread

[SethMode]

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.

[Twigg4075]

Well, I thought so too, but you'd be surprised how many people actually thought it was his decision.

[killgod]

Apparently there is rampant speculation that Mattrick "stepped down" because of this whole Xbox One PR debacle and not just because he wanted to move on to other things. It was either "step down" or get the ax.

Giant companies don't acquire CEO's overnight. Planned in advance I'm sure.

[Handleit_44]

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.

http://allthingsd.com/20130703/the-50-million-man-mattrick-gets-hefty-cash-and-stock-package-from-zynga-including-19-3-million-in-the-first-year/

[Primetime]

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/

[jms493]

Congrats Don....the xbox did very well he deserves it.

[Primetime]

My signing bonus was about .06% of Mattrick's. I guess I have some work to do.

[Glenbino]

I bet the hundreds of employees Zynga laid off last month are super stoked to see this guy get a $19M sign on bonus.

Sent from my LG-P999 using Tapatalk 2

[Primetime]

I bet the hundreds of employees Zynga laid off last month are super stoked to see this guy get a $19M sign on bonus.

Sent from my LG-P999 using Tapatalk 2

He got a $5M signing bonus. I'm sure the other 2600 are absolutely thrilled to have him take the reigns.

[Glenbino]

He got a $5M signing bonus. I'm sure the other 2600 are absolutely thrilled to have him take the reigns.

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.

[Primetime]

If you dont think Mattrick has been fantastic for the companies he's worked for, you are out of your mind. There's a reason he got that bonus and the stock jumped when the announcement was made.

[Houston]

http://xboxonevspsfour.com/

[Swarley]

Well that's kind of an obnoxiously long thread prefix lol. [XB1] not cool enough? lol

[Aso]

Well that's kind of an obnoxiously long thread prefix lol. [XB1] not cool enough? lol

Seems like the most obvious prefix but obviously not.

[Trmszczykowski]

Just in case "Official Xbox One Thread" wasn't clear enough.