EA CEO and Executives Took No Performance Bonuses in Fiscal Year 2019 - NewsWilliam D'Angelo , posted on 03 July 2019 / 1,197 Views
Electronic Arts CEO Andrew Wilson and executives took no performance bonuses for the 2019 fiscal year, which ended March 31, 2019.
"Our CEO and his staff requested that they receive no performance cash bonus award for fiscal 2019," reads a US Securities and Exchange Commission filing.
The reason they didn't take a bonus was due to the performance of game sales that did not meet the expectations of the company.
"Fiscal 2019 was a year of intense competition in the video game industry. While there were many achievements this year that we are proud of, after generating strong financial results and robust stockholder returns from fiscal 2014 through fiscal 2018, we did not perform to our expectations during fiscal 2019. Given the Company’s fiscal 2019 financial performance, and in order to maintain alignment with our pay-for-performance executive compensation philosophy."
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at firstname.lastname@example.org or on Twitter @TrunksWD.