Feeds

Zynga lures Microsoft's gaming chief with bulging package

Ex-Xboxer gets $50m payout to take CEO spot at game firm

Bridging the IT gap between rising business demands and ageing tools

Shiny new Zynga chief Don Mattrick will get a hefty package when he joins the firm next week, with around $50m hitting his bank account in the next few years.

The firm said in a regulatory filing that Mattrick, who's leaving his job as head of Microsoft's Xbox business to join the mobile gaming biz, will get a base salary of $1m in his first year, along with a signing bonus of $5m and a 2013 bonus of $2m.

Because he lost a load of shares by leaving Redmond, the new chief will also get around nine million restricted stock units that he can cash in over the next three years - currently worth around $30m.

Over 45 per cent of those shares will vest in his first year, boosting his total take-home pay to around $19m if the share price sticks around same level as on 26 June.

Stocks have been rising all week on the hopes that Mattrick will be able to turn things around at the firm most famous for the Farmville games. The share price is currently 18 per cent higher than it was at the start of the week, at $3.42.

Mattrick is also getting an inducement grant of over 1.7 million restricted stock units with a target value of $5m and an option to buy 7.4 million more shares with a target value of $10m that will vest at the end of his third, fourth and fifth terms of employment. On top of all that, if the company is pleased with him, he'll get new stock with a target value of $7m in 2014 and may get the same bonus again in the following years. ®

Application security programs and practises

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.