Zynga's plan to keep its remaining executives on board: Splash the cash
Social games company Zynga is still shedding top executives, with notable people like GM Dan Porter
and chief game designer Brian Reynolds
walking away recently. Now the company has boosted its top executive salaries in a bid to keep its top signings on board.
Zynga lost a huge number of executives in 2012
, but a new SEC 8-K filing from the company sets out the FarmVille
developer's aim to retain its remaining management team through monetary incentives.
The company says that the new upgraded salary points for its executives are "specifically designed to retain and incentivize the executive team and drive stockholder value."
As noted by
Inside Social Games, many of Zynga's current executives have been treated to notable pay bumps, with some now receiving nearly double their annual pay in 2012 as of April 1, 2013.
Each executive is also being offered huge bonuses based on their performance over the coming year, with some able to potentially earn anything between $1.4 million and $1.7 million in total.
Meanwhile, Zynga's CEO and co-founder Mark Pincus has cut his salary down to $1 for the current fiscal year with no cash or equity bonus incentives possible.