EA CEO's Annual Earnings Halved, but Still Worth Millions
EA's CEO's salary has been cut in half. However, Andrew Wilson has no reasons to complain, as he earned more than $20 million last fiscal year anyway.
Electronic Arts CEO's earnings have been cut in half.
- Andrew Wilson's compensation for the past fiscal year (the period from April 1, 2021 to March 21, 2022) was $19.9 million.
- He earned $39.2 million in the previous fiscal year.
- The decrease in salary is due to a reduction in the annual stock award. Wilson's salary alone increased by 3% to $1.3 million.
- The source of this information is a document filed by EA with the United States Securities and Exchange Commission.
The decision to cut his salary is due to dissatisfaction of the company's shareholders. Several months ago, a vote was conducted among them and 170.89 million votes were cast against accepting the planned salaries, and only 59.6 million in favor. Many investors believed that especially the CEO receives too much. EA's management countered these allegations by explaining that the company's stock valuation has more than quadrupled since Wilson took the helm.
The vote was not binding, but it was a clear expression of shareholder dissatisfaction. That's why last year Electronic Arts promised changes to its pay structure, so Wilson's pay cut comes as no surprise.
The past fiscal year was a mixed one for EA. FIFA 22 fared better than any previous installment, but Battlefield 2042 turned out to be a huge failure.
