Although Mark Pincus, CEO and founder of Zynga, will be earning a salary of a single dollar in 2013 and will also not be taking part in the company’s cash bonus or equity program.
Although this may seem strange it should be noted that Mark Pincus is estimated to have a net worth of $1.8 million so it defiantly won’t be anything catastrophic for him to take a dollar salary this year, although it isn’t often heard of for obvious reasons.
Whilst Mark Pincus isn’t elgible for any bonus programs other big players in the company can take part in a new executive compensation program even though annual base salaries are within the range of $425,000-$500,000 for the executives. This extra compensation program has the potential of totaling 100% of their salaries if they meet their performance-based bonuses.
[Source: Inside Social Games & Forbes via GameSpot]
[…] Zynga CEO Will Take A Single Dollar Salary In 2013 […]