Send News. Want a reply? Read this. More in the FAQ.   News Forum - All Forums - Mobile - PDA - RSS Headlines  RSS Headlines   Twitter  Twitter
Customize
User Settings
Styles:
LAN Parties
Upcoming one-time events:

Regularly scheduled events

Report this Comment
Use this form to report the selected comment to the moderators. Reporting should generally be used only if the comment breaks forum rules.

54. Re: John Riccitiello Leaving EA Mar 18, 2013, 20:54 Beamer
 
Total-Khaos wrote on Mar 18, 2013, 19:07:
Beamer wrote on Mar 18, 2013, 17:09:
Ok, he's getting 2 years salary as severance, plus "benefits." All in all not a huge parachute. He was making something like $5-$7 million per year, approximately, but the severance is just salary, so that's about $750,000 per year.

2 years salary, and $1.7MM, isn't enough to make me angry. I mean, it's not like I'm sitting here feeling extremely sorry for him, or thinking employees fighting tooth-and-nail for an extra half a percent raise should, but this isn't one of those deals where a guy is walking away with something ridiculous, especially relative to what he was earning.

His base salary, according to SEC filings dated 02/21/2007, was $750,000 plus a target bonus percentage of 100% of his annual salary. That means his total income per year, if EA met their targets, would be $1.5 million. That doesn't include stock options, etc.

http://www.sec.gov/Archives/edgar/data/712515/000119312507039826/d8k.htm

Yup, but including stocks and such he made much more. There are articles about how he earned $7 million in 2008. Forbes says he got almost $6 million in 2011. And he seems to have received 129,000 stock shares every September, which currently adds up to over 2.4 million.
 
-------------
Music for the discerning:
http://www.deathwishinc.com
http://www.hydrahead.com
http://www.painkillerrecords.com
 
Subject
  
Optional
Message
 
Login Email   Password Remember Me
If you don't already have a Blue's News user account, you can sign up here.
Forgotten your password? Click here.
 




footer

.. .. ..

Blue's News logo