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.

 
Forgot your password?
Username :
Password :

Poll

Who's responsible for crappy Netflix performance on Verizon?:

Shout box

You're not permitted to post shouts.
InfophileVery nice article, Zen. I definitely agree that many devs won't support something unless everyone has it. So many other examples from the past, even as far back as the SNES and accessories for it like the mouse or superscope.07/24/2014 - 5:40am
ZenWrote up a story about people wanting Nintendo to drop the GamePad...and why I think it needs to stop. :) http://bit.ly/1raIQvv Let me know what you think!07/23/2014 - 10:53pm
MaskedPixelanteHey, so remember that "redeem your Sims 2 key on Origin for a free copy of the all-in-one edition" promotion? Well, it didn't work, so to make up for it, just go into your Origin profile and redeem the product key "I-LOVE-THE-SIMS" for your free Sims 2.07/23/2014 - 9:12pm
Andrew EisenThe Steam controller may have changed again. http://www.vg247.com/2014/07/23/steam-controller-valve/07/23/2014 - 6:46pm
james_fudgePlease use the comments section for bitching about specific articles :) We do read them, after all.07/23/2014 - 10:52am
Andrew EisenThat's unfair but thank you for the tip on the Reddit thread containing the Kickstarter message to backers. The article has been updated.07/23/2014 - 10:50am
SleakerHere's the message Areal backers recieved from Kickstarter: http://www.reddit.com/r/Games/comments/2beqlc/areal_kickstarter_suspended/07/23/2014 - 8:52am
Sleaker@MW - I still think Cogent/Level3 hookups were lacking prior to the comcast switch, but I do think verizon is being dumb here.07/23/2014 - 12:06am
Andrew EisenOf course it's a question. It's got a question mark and everything!07/22/2014 - 6:43pm
Matthew WilsonHate to say it, but that poll is not even a question. there is too much evidence that points to Verizon. http://www.extremetech.com/computing/186576-verizon-caught-throttling-netflix-traffic-even-after-its-pays-for-more-bandwidth07/22/2014 - 6:23pm
Andrew EisenHuh. The new Battlefield has been delayed to early next year. Are you feeling okay, EA? http://blogs.battlefield.com/2014/07/bfh-will-launch-2015/07/22/2014 - 6:11pm
SleakerWest End Games - Areal developers just got their Kickstarter suspended. Might want to dump that 'fully funded' status.07/22/2014 - 12:08pm
MaskedPixelanteHas anyone who bought it gotten their Sims 2 Ultimate Edition upgrade yet? Still waiting on mine, especially since they're supposed to be out by today.07/22/2014 - 10:45am
IanCDynasty Warriors 8 for the PS4 finally has the option to turn off the OTT depth of field that made the game look like a blurry mess. Only a few months behind the JP version patch...07/22/2014 - 10:17am
NeenekoI see nothing in Section 111 that would exclude IP transmission. It even explicitly includes 'other transmission methods'07/22/2014 - 9:28am
ZippyDSMleehttp://www.afterdawn.com/news/article.cfm/2014/07/19/ruling_aereo_is_not_a_cable_company07/22/2014 - 8:13am
ZippyDSMleelul what?07/22/2014 - 7:53am
ZippyDSMleehttp://arstechnica.com/gaming/2014/07/bungie-cross-generation-destiny-wouldnt-be-fair-to-low-res-players/07/22/2014 - 7:53am
MaskedPixelantehttp://www.joystiq.com/2014/07/22/wii-u-update-adds-system-to-system-transfers/ The latest Wii U update allows you to do the system transfer between two Wii Us. Still not true accounts, but getting there.07/22/2014 - 7:39am
 

Be Heard - Contact Your Politician