EA investors reject millionaire performance bonuses to company executives
An advisory group questions these millionaire bonuses after the dismissal of workers.
Despite everything, the vast majority of video game companies are having a good year economically. He coronavirus has caused many people to turn to digital leisure as entertainment, increasing the profits of renowned companies such as EA. Even so, the investors of the media giant have voted against its executives receiving a large bonus as compensation for their work, as the Bloomberg medium deepens.
This information indicates that this decision could have been taken as a kind of "reprimand" towards the aforementioned leaders, who wanted to receive the package of values without having received the previous one yet. "These bonuses should be infrequent, so receiving several in a short time could be somewhat questionable," say members of the consultancy Institutional Shareholder Services.
Investors have strongly rejected bonuses to UAE executives A stronger opinion is that of the advisory group CtW Investment, who say that these multi-million dollar bonuses come after the layoff of workers. EA has gone too far with its executive pay, racking up exorbitant principal awards. " The payment of the new bonus to EA managers it has been rejected with 171 million votes against by 60 million in favor.
As indicated by the aforementioned media, it is not usual for investors in a company to vote against a company that gives profits. It is something that has only happened in 2.2% of the 3,000 most powerful companies in the US this year. Some investors point out that the salary of Andrew Wilson, CEO of EA, It is 56% higher than the majority of company managers in the United States. If additional payments are added to your salary, it is more than $ 21 million a year. .
It is also true that these additional payments and bonuses have to be due to financial results and EA has increased in value by 34% during the coronavirus months. Games like Apex Legends or Star Wars Jedi Fallen Order have been a success, as well as other of their usual sagas like FIFA. In response to the vote, EA has told Bloomberg that "the board and compensation committee will consider your comments as part of our ongoing evaluation of our compensation programs."