EA CEO and Executives Took No Performance Bonuses in Fiscal Year 2019 - News
by William D'Angelo , posted on 03 July 2019 / 2,287 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."
Thanks GamingBolt.
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 wdangelo@vgchartz.com or on Twitter @TrunksWD.
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They don't deserve any
Agreed. They haven't been able to change EA's bad reputation. On the contrary, they have messed up many of their latest releases.
Mass Effect: Andromeda - https://segmentnext(dot)com/2018/06/27/ea-is-now-blaming-zelda-for-mass-effect-andromeda/
Star Wars Battlefront 2 - https://www.polygon(dot)com/2018/1/30/16952396/star-wars-battlefront-2-sales-loot-boxes-returning
Battlefield V - https://www.pcgamer(dot)com/battlefield-5-did-not-meet-eas-sales-expectations/
Anthem - https://www.gamespot(dot)com/articles/anthem-fails-to-meet-eas-expectations-but-company-/1100-6466719/
yeah, no, I'm not going to applaud them. Maybe if they take 5-10 years worth of cuts in a row, then I might applaud them. Taking just one fiscal yr cut and then going back to hoarding all over again isn't going to cut it.
Can't criticize them for that. But, I sure as shit wouldn't give up a bonus that I was contractually due. Executives get canned all the time. Gotta make that money when you can.
CEOs can run the company into a ground and still get hefty compensation packages. I wouldn't spend too much time worrying about them.
Oh no...
Wow they must be so proud of themselves.
What...? But... But... How will Andrew Wilson afford a new Yacht? Tears This is unfair! He deserves more money!
What about the under the table bonuses.
Good on them to deny themselves bonuses considering hardships.
