At the voting on bonuses to the management of EA, which took place on August 7, the owners of 170.89 million shares of the publishing house spoke out against additional payments and the owners of 59.6 million shares spoke in favor.
This does not mean that EA should necessarily not assign a raise to management – the vote of shareholders on this issue is advisory in nature. At the same time, as noted by Seeking Alpha, shareholders of companies like Electronic Arts rarely turn down offers of annual bonuses to top managers.
If the publisher still approves the additional payments, then EA CEO Andrew Wilson will receive $ 21.4 million in the 2020 financial year – three million more than in 2019. The company’s CFO Blake Jorgensen’s revenue will rise from $ 9.41 million to $ 19.5 million, and EA’s internal studio head Laura Mil will rise from $ 6.95 million to $ 16.1 million.
Earlier, investment group CtW opposed the payment of bonuses to the management of EA, which in June also called on Activision Blizzard shareholders to vote against additional payments to Bobby Kotik. The initiative failed, as 43% of shareholders voted against Kotiku’s bonuses – however, this was the highest level of opposition in the company’s history.