The investment group that said Activision-Blizzard CEO Bobby Kotick earns too much has now taken aim at EA. In a letter published yesterday shareholders, the group suggested that "the company has gone too far in terms of executive pay."
CtW has two execs in particular in its sights – CFO Blake Jorgensen and CTO Kenneth Moss. Harking back to 2017, it points to the pair's receipt of "substantial equity awards on top of their already above-median compensation levels that year" – Jorgensen earned $10 million (£7.9 million) on top of his $6.5 million (£5.1 million) annual grant, with Moss taking home a bonus £5.5 million. Last year, the group notes that both Moss and Jorgensen saw their bonuses double their annual salaries.
All of this is on top of salaries that CtW says are well above average for the overall sector. As a result, it's encouraging shareholders to vote against the 'Say on Pay' proposal at EA's annual meeting next month, arguing that "EA has an excessive equity granting problem" at its top level.
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