“EA CEO Secures $25 Million in FY2024 Amidst Hundreds of Layoffs”, “EA CEO Secures $25 Million in FY2024 Amidst Hundreds of Layoffs”, “EA's top execs earned $60m in last fiscal year, despite company layoffs”: These are only a few of the headlines from just last month after Electronic Arts revealed how much it is paying its top executives in its annual report and proxy information. EA CEO Andrew Wilson secured $25 Million USD as compensation despite the company having laid off countless developers, a situation emblematic of a larger narrative that seems ripped from the plot of 'Parasite'.
Interestingly, it is not just Wilson who took home a hefty paycheck. Bobby Kotick of Activision, for instance, reportedly received $500 million from the Microsoft takeover of Blizzard, although his compensation at that time was under a million dollars. CEOs are often compensated with equity in order to align stakeholder incentives when the company performs well.
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