Nice Work If You Can Get It: EA's Riccitiello, Moore Earn Big Bucks in Bad Year

May 29, 2009 -

Yes, Electronic Arts may have laid off 10% of its workforce and posted a billion dollar loss in recent months, but rank has its privileges, after all.

And ranking execs at EA are clearly among the privileged, based on a preliminary proxy statement filed by EA this week which lists compensation for its top officials. CEO John Riccitiello's fiscal 2009 package, which included salary, stock awards, option awards, benefits and a performance-based cash bonus, is valued at $6,365,823.

EA Sports President Peter Moore won't be brown bagging his lunch, either. EA lists Moore compensation package at $4,284,366. Here's the breakdown for Riccitiello (right) and Moore (left), EA's two most high-profile execs:

Here are Riccitiello's numbers:

  • Salary - $793,749  
  • Bonus -
  • Stock Awards - $1,055,461
  • Option Awards - $4,115,305
  • Non Equity Incentive Plan Compensation - $400,000 
  • All Other Compensation - $1,308
  • TOTAL - $6,365,823

And here are Moore's (cost of game launch tattoos not included):

  • Salary - $564,624 
  • Bonus -
  • Stock Awards - $1,443,741
  • Option Awards - $1,589,290
  • Non Equity Incentive Plan Compensation - $200,000
  • All Other Compensation - $486,711
  • TOTAL - $4,284,366

The Associated Press notes that Riccitiello's incentive bonus dropped from $625,000 in fiscal 2008 to the $400,000 figure listed above. In contrast to EA's filing, the AP estimates Riccitiello's total compensation at $11.1 million, using a $9.9 million valuation on stock options.

Not bad for a crappy year.           

UPDATE:  gamesindustry.biz reports that an unnamed EA spokesman has taken umbrage at the Associated Press claim that Riccitiello's options are worth $11.1 million:

Their calculation is inaccurate. It includes value of performance-based shares that will vest over several years - and only if high performance hurdles are met.

As reported, it appears as though those shares are compensation for this year, which they are not. Accurately, they are an opportunity to earn shares over the coming years if company objectives are met.

The spirit of those shares is to link executive compensation to the achievement of long term financial objectives. That programme, which is in place for all of EA's top executives, is designed to align interests of shareholders and management.


Comments

Re: Nice Work If You Can Get It: EA's Riccitiello, Moore ...

You mean 3 years before obama and his gang take over this company like they're doing to the auto industry and "socialize" it by giving everyone a piece of it? Unions are what destroy the industry.

Go out and try to get to a CEO position level before you come here and talk nonesense.

Re: Nice Work If You Can Get It: EA's Riccitiello, Moore ...

Fortunately we had statistics a while ago on the level of unionization at EA, which is practically zero. (In most places except at one developer studio it is zero.) Blaming unions for "destroying the industry" when the industry doesn't even have unions shows a lot about the people that blame everything on unions...

Re: Nice Work If You Can Get It: EA's Riccitiello, Moore ...

The clock is ticking CEO's.... I give you all about another three years of this kind of BS before the world revolts against this kind of greed.

Re: Nice Work If You Can Get It: EA's Riccitiello, Moore ...

So...if the two of them both gave up their yearly loot for about a hundred years, EA wouldn't have had a billion dollar deficit!! Woo!

Re: Nice Work If You Can Get It: EA's Riccitiello, Moore ...

His compensation package could pay the salary of 60 EA employees. It really is ridiculous the levels that CEO and other company leader'd compensation packages have risen too.

Re: Nice Work If You Can Get It: EA's Riccitiello, Moore ...

And they wonder why they're going out of business. I'm adding this to my Top 5 EA Finacial Mistakes list.

Re: Nice Work If You Can Get It: EA's Riccitiello, Moore ...

Cmon now, really? Yeah, it seems excessive to most people here, but think about it. The cost of these guys salaries is miniscule in comparison to the amount of cash that flows through EA. Cutting their salaries would have an insignificant impact on EA's financials.

I guess it would be good PR, to show fiscal thriftyness in these times, but it wouldn't go much beyond that.

Re: Nice Work If You Can Get It: EA's Riccitiello, Moore ...

EA? Out of Buisness? Someone's going loopy.

Re: Nice Work If You Can Get It: EA's Riccitiello, Moore ...

That's just the two most visable. There is still the CFO, the General Counsel, CIO, the head of HR, the head of marketing, their deputies, etc etc etc

Re: Nice Work If You Can Get It: EA's Riccitiello, Moore ...

Err, I meant if they had enough guys in the upper ranks to account for 50 million dollars in salary and compensation.  Bah, you guys can do the math.

Re: Nice Work If You Can Get It: EA's Riccitiello, Moore ...

Even if they have 50 guys total in the million plus range, their billion dollar loss would still be worth 20 years of salaries.  http://www.xkcd.com/558/

Re: Nice Work If You Can Get It: EA's Riccitiello, Moore ...

Like most companies posting huge losses (some requiring bail-outs), the LAST thing they think of doing is cutting the outrageous executive compensation. But Union workers on the production lines? Their contracts MUST be renegotiated.

Keep saying if I ever end up rich I'm going to buy the companies that make my favorite products, but have recently been taken over by douchebag MBAs,  and gut their exec ranks, hire younger, cheaper execs. Perhaps some with a clue.

 
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MattsworknameConster, I vet what your saying, but lets not bring up Baltimore, that place had a very bad week.05/03/2015 - 5:48pm
MattsworknameFair enough Infophile, regardless of my own issues with the gaming industry and press, im just sorta tired of the whole GG thing as it is. it just seems pointless now you know?05/03/2015 - 5:46pm
ConsterThe trolls hiding behind GG may be too busy pretending to be looters in Baltimore right now.05/03/2015 - 3:32pm
InfophileWhich is to say, GG isn't people writing articles about GG; it's the swarm of people lashing out. That's still going on, even if not as many articles are being written about it05/03/2015 - 7:32am
InfophileIt's not about the articles, but about the people receiving threats. Found an article from just last week which says Zoe Quinn is still receiving daily threats: http://www.bostonmagazine.com/news/article/2015/04/28/gamergate/05/03/2015 - 7:31am
Mattsworknameup hating the game industry on a more general level .05/03/2015 - 7:25am
MattsworknameIts funny, you know what i just realized, I love video games, and I hate the industry that has been forged around them. I hate the big name publishers, the press, all that jazz. But I still love gaming. that kinda sucks that I love games and still wind05/03/2015 - 7:25am
MattsworknameIt's like teh whole thing just went quiet.05/03/2015 - 6:28am
MattsworknameInfophile, I haven't really seen much activity either way, other then a few minor articles here or there, its like GG just sorta went dormant. I dont deny that I have some concerns with gaming press and industry, but I followed GG the last few months05/03/2015 - 6:28am
Infophile@Mattsworkname: It's more of a case that many media outlets have lost interest in their usual actions. "GamerGate still viciously harassing Zoe Quinn" isn't exactly news. Even if they are. *puts on sea lion hunting gear* Come at me, GG! I dare ya!05/03/2015 - 4:40am
MattsworknameAs much a I have some of the same concerns GG supposibly crusades against, i was really under the impression GG had sorta gone into dormantcy , it had been kinda quiet the last feww months05/02/2015 - 7:42pm
Matthew Wilsonhttps://www.youtube.com/watch?v=3bxcc3SM_KA if you guys haven't seen it, john oliver goes after patent trolls.05/02/2015 - 6:50pm
Matthew Wilsonwhile I dont like the guests, who ever did this is stupid. I can understand not liking GG, but come on.05/02/2015 - 6:17pm
Wonderkarpwell how about that shi.....poop05/02/2015 - 6:07pm
Andrew EisenKotaku caught it. Ran the story an hour ago. http://kotaku.com/gamergate-meetup-evacuated-after-apparent-threat-170176164505/02/2015 - 5:36pm
Wonderkarpevent was treading pretty hardcore on twitter last night. course thats just twitter. I'll agree with you if it does get reported05/02/2015 - 5:25pm
Andrew EisenAwkward wording on my part but "event" was referring to the bomb threat. It's silly to chastise mainstream press for not covering something that happened a mere 12 hours earlier, well after close of business on Friday, at a gathering very few knew about.05/02/2015 - 5:14pm
Wonderkarpthey arent "uppity" over the event not being covered. they are uppity over the harassment/bombthreats not being reported.05/02/2015 - 5:09pm
Andrew EisenWe've known that for quite a while now but I agree, completely cutting the feature is not a good move.05/02/2015 - 3:49pm
Matthew Wilsonhttp://www.vg247.com/2015/05/02/splatoon-multiplayer-online-shooter-wii-u/ excuse my language, but I call bullcrap. enough with this crap Nintendo its stupid.05/02/2015 - 3:27pm
 

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