Featured Articles

Intel refreshes CPU roadmap

Intel refreshes CPU roadmap

Intel has revealed an update to its CPU roadmap and some things have changed in 2015 and beyond. Let’s start with the…

More...
Hands on: Nvidia Shield Tablet with Android 5.0

Hands on: Nvidia Shield Tablet with Android 5.0

We broke the news of Nvidia's ambitious gaming tablet plans back in May and now the Shield tablet got a bit…

More...
Nokia N1 Android tablet ships in Q1 2015

Nokia N1 Android tablet ships in Q1 2015

Nokia has announced its first Android tablet and when we say Nokia, we don’t mean Microsoft. The Nokia N1 was designed…

More...
Marvell launches octa-core 64-bit PXA1936

Marvell launches octa-core 64-bit PXA1936

Marvell is better known for its storage controllers, but the company doesn’t want to give up on the smartphone and…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 05 July 2013 09:03

Mattrick did it for the money

Written by David Stellmack

Will earn $19 million in the first year

Don Mattrick’s exit from Microsoft to take the helm at Zynga might not be such a mystery when you look at the deal he cut. The former head of Microsoft’s entertainment division will rake in an astounding $19.3 million the first year.

According to reports, this figure includes a base salary of $1 million, plus a signing bonus payout of $5 million and 2013 bonus of another $2 million. Once he has completed his first year, Mattrick will get 45.32 per cent of his $9 million in restricted stock, which carries a projected value by the company of $11.3 million. Mattrick is projected to rack in $14.3 million in his second year and another $8.4 million for his fourth year at the company.

Early buzz on Mattrick’s arrival has had a positive impact on Zynga’s stock, which closed up 5 percent on Wednesday. After Mattrick’s departure, Steve Ballmer internally told teams that those reporting to Mattrick would report to him for the time being. Now, sources are indicating that Julie Larson-Green from the Windows group will become head of the entertainment business and hardware, which includes Xbox. We will have to see if this pans out, but several sources are telling us that is the direction Microsoft will go.

 

David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments