Zynga's new CEO paid mostly in stock
Don Mattrick has a clear incentive to raise Zynga's stock
Yesterday, we received news that Microsoft president of Interactive Entertainment Don Mattrick had jumped ship to become the new CEO at Zynga. Today, a report from the Wall Street Journal details exactly how much Zynga is paying Mattrick to steer the ship.
Anonymous sources told the WSJ that Mattrick's compensation will be 95 percent Zynga stock, with further details coming in a regulatory filing.
Zynga's stock was up 11 percent this morning based on the news of Mattrick's appointment, but it has since dropped down to around 6 percent. It is currently sitting at $3.26 per share, a far cry from the high of $14.69 per share.