Former Microsoft boss Mattrick set to earn over $40m at Zynga

A mix of salary, bonuses, and stock options means Mattrick could earn $19.3m in his first year at the social gaming company.

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Former Xbox One boss Don Mattrick, who left Microsoft to join social gaming company Zynga as its CEO this week, will be paid an annual salary of $1m at the company, but stands to earn tens of millions of dollars in bonuses and stock options over the next three years.

Mattrick will receive a signing on bonus of $5m alongside another $2m as his 2013 bonus, giving the executive's bank account at least an $8m boost after his first year at the company.

But the bulk of the newly minted CEO's potential profits come from 9 million stocks at the company, which are currently valued at over $30.5m, reports Reuters.

Mattrick's stock will vest over the next three years, with the CEO able to cash in just over 45% of his 9 million shares at the end of his first year at the company. This means Mattrick is set to earn $19.3m dollars over the next year.

The stock options are part of a package to compensate Mattrick for the stock he lost in leaving Microsoft.

In all, Mattrick is expected to make approximately $14.3 million in his second year and around $8.4 million in his third. If the board of directors at Zynga is happy with his performance then he'll be in line for even more money.

Zynga's stock has jumped 11 percent since new of Mattrick's arrival went public, but last month the company slashed 18 percent of its workforce.

Microsoft CEO Steve Ballmer is expected to announce a management reshuffle next week, and is said to be considering Windows chief Julie Larson-Green as the new boss of all Microsoft hardware, including the upcoming Xbox One.

Discussion

543 comments
blackothh
blackothh

5 mil sign on bonus, how the effff can that even work, i would quit the next day and be set for life.

TheWatcher000
TheWatcher000

Steaming Pile Of Shit golden parachutes into an even bigger steaming pile of shit.

#murica

THizzle7XU
THizzle7XU

It's a non-governmental company. They can pay him whatever they want. Don't like it, then don't buy Zynga products. Consumers will decide if the man is worth it or not. A lot of jealousy here. It's sad that anyone thinks they can dictate what people in the private sector should and shouldn't make.

lalo4017
lalo4017

This is like a horrible lawyer getting more clients and getting richer. America's system of promotion within corporations is broken really broken. The guy performed poorly get rid of him is it too hard? How much was his contract for that you rather promote him to an easier job in my opinion than to get rid of him?

soolar79
soolar79

I think its just wrong that someone who almost single handed destroyed xbone and made the company invest a fuck load of cash in a system that backfired is gonna get a raise after horrible numbers? 

Nepotism at its best, am i the only one who think he is a lobbyist from the White House? 

TheCyborgNinja
TheCyborgNinja

North America: where stupid people fail upwards. "I almost destroyed the Xbox brand, and now I get a better job! Seems legit."

Taz_12_Dave
Taz_12_Dave

It's just wrong for anybody to earn that type of money.

Thoressen
Thoressen

I'm sure he will succed, being at Microsoft it's a nightmare, cant blame a man, the blood sucking company is the ultimate responsible

HookedonPhonicx
HookedonPhonicx

If only I had a machine that can spew out paper money.  I will put Mattrick face on it.

darkassassin911
darkassassin911

Congratulations Mattrick, I can hardly contain my joy for you.

Toadamus
Toadamus

I don't give a damn about someone's payday ,just give me more gaming news.

gamer6130
gamer6130

i find it ridiculous that this man is going to earn this much money and the damn company itself is not making any, and as for this idiot moving from Microsoft to zynga just because its a ceo position, sorry GameSpot its not an accomplishment zynga is a DYING COMPANY.

DARKKNIGHTPRABZ
DARKKNIGHTPRABZ

but they still need to rip off consumers and customers , while he was microsoft too .


to pay for this guys way over inflated salary ? lol 


blue_shift_91
blue_shift_91

seriously, gamespot. how can you possibly think this is relevant news?

Xccehl
Xccehl

 Seriously, ridiculous

Xccehl
Xccehl

Somehow I think that games kinda lost their drive, their passion.Today, these game companies are making millions, companies without faces, whitout heart. Of couse there are exceptions like Ubisoft, Bethesda and a few others who dare show their faces to the public. And dickheads like Mattrick who don't give a fuck about us consumers, their clients and above all things gamers, keep thinking that they can screw with us, while making profits from all sides. Fucking disgrace.

kackarat24
kackarat24

Mattrick is such a dickhead. Just another reason not to support Zynga

OldSchoolPlaya
OldSchoolPlaya

Freaking ridiculous. They slash a large percentage of their workforce, and most likely under-pay their remaining employees just so they can pay their CEO's outrageous sums of money...wait... I just described every major corporation on the entire planet!

GameGuy642003
GameGuy642003

I can be really patient and content with my life and in what I earn most of the time. But things like this really just set my jimmies to maximum rustle.

Barrakas21
Barrakas21

Something is really wrong with this  world..i blame america, not the people. the fucking banks and goverment

Bahamut_10th
Bahamut_10th

This isn't really 'God''s fault as the american capitalism is to blame.


You work 10 hours a day, with 1 of those 10 hours already covering your salary, while the other 9 are to pay the salary of people like Mattrick. Who don't really do anything to earn what they get.

cuddlyfuzzle
cuddlyfuzzle

yay. More ceo makes $x millions articles. keep up the stellar gaming journalism gs!

vadagar1
vadagar1

so wait... if I act like a bwas and pretend I know shit


people will give me money and let me get away with anything??!!!!


why the fuck did I bother getting 199 degrees and having a 150+IQ ??!!!!


HUMANS Y U NO MAKE SENSE

ohjtbehaaave
ohjtbehaaave

Here's an idea... let's go hire the guy who totally fucked up the Xbox1 and MS Next Gen chances right out of the gate... and give him millions of dollars to run our company!  Who would go near this guy after the cluster fuck that Xbox1 was the last few weeks around E3?

IJONOI
IJONOI

I just threw up in my mouth.

holtrocks
holtrocks

People hate on CEO's for the money they make but they earn it, they're not going in to the office at 9 and leaving at 5 trust me.

ElDuderino1
ElDuderino1

Thank god this guy makes so much money...

SOLDIER-No2
SOLDIER-No2

That's a lot of money.  Did this guy cure cancer or something?

StryfeBringer
StryfeBringer

Hey, it's the CEO shuffle.  SSDD.  Besides politicians, it seems as though these guys can be a total screw up at their jobs and land another lucrative job elsewhere.

ghstbstr
ghstbstr

It is no wonder why a lot of these videogame companies especially newer ones or a not so big type company go out of business. When you pay the people(no matter even if it is the ceo) who work in these companies that much after awhile they spend all their money and that is one of causes of going out of business.

kouji03
kouji03

kaz hirai income last year seems like change to what this guy will get :o

ItchyIsVegeta
ItchyIsVegeta

As long as most of it is in stock options and bonuses, I have no problem with this.  This means if the CEO does a crappy job and causes the company to do poorly, they will make very little money.  But if they do an awesome job and really turn the company around, they will be rewarded for their work and earn the money.

Overpaid CEOs running companies into the ground can be a real problem, and reflects poorly on corporations in general.

Hagan
Hagan

way to go Don, you deserved this for all the hard work you've put in as being a secret agent for Nintendo/Sega.

Gadeos
Gadeos

The point here is: BEING STUPID REALLY PAYS OFF

Zoza24
Zoza24

@Taz_12_Dave Its wrong for any person to earn that count of money while others are in poverty.. people will never learn what value is.

This sort of news is very irrelevant to me, why should we care how much Don Mattrick is going earn. Fuck him, more gaming news please!.

vadagar1
vadagar1

@holtrocks oh you mean the 40 year old teenagers that have too much power and know shit about pretty much everything....

GenTaylor84
GenTaylor84

@holtrocks lol i work in a big corporation and i know these guys cant work email with out the help of the ones below them fact is they just say yes and no to questions and the minions do most of the work.... 

vadagar1
vadagar1

@SOLDIER-No2 silly billy people that cure cancer are unworthy... they have to beg guys like him for money to fund research

honestly I think God has one sick sense of humor and it scares me that the being that made the universe is the biggest troll of them all

Baelath
Baelath

@Clownbabby IQ is arbitrary. Instituting 24 hour checks is not -- it's clear-cut retarded.

holtrocks
holtrocks

@Gadeos Hate him all you want but the man is smart its politics where you can be stupid and successful ( Joe Biden is a perfect example) the business world does not work like that.