As You Sow, a company devoted to selling company accountability, has printed its annual record of high 100 “Most Overpaid CEOs,” which incorporates Activision Blizzard’s Bobby Kotick and Digital Arts’ Andrew Wilson.
As You Sow has been publishing this report since 2015, taking quite a few components into consideration when populating the record. As a part of its methodology, the group seems to be at extra CEO pay in relation to complete shareholder return, shareholders’ votes in opposition to CEO compensation packages, median worker pay, and extra. You could find an in depth write up on the methodology on As You Sow’s web site however to chop to the chase, Kotick seems at no. 45 and Wilson seems at no. 98.
Wanting on the figures intently, Kotick is paid $28,698,375 – an extra of $12,835,277 by As You Sow’s calculations. The ratio of Kotick’s pay to median employee pay at Activision Blizzard is 306:1. Curiously, Kotick’s compensation bundle obtained 92 p.c approval votes.
Wilson earns $35,728,764 each year – an extra of $19,673,861 per As You Sow’s calculations. The CEO to employee pay ratio at EA is 371:1, with Wilson’s pay receiving 97 p.c approval votes.
The report reveals that an growing quantity of shareholders are actually opposing extortionate compensation packages however CEO pays proceed to extend general.
“Opposition to excessive CEO pay has risen, and extra firms have seen their CEO pay packages obtain much less and fewer help from their shareholders,” As You Sow famous. “European funds and U.S. public pension funds have made their opposition to a damaged system clear.”
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[Source: As You Sow via Gamasutra]