- The corporate’s second highest earner is Laura Miele who took residence $12 million over the previous yr
- “Think about what an INVESTMENT such cash would’ve been on a subsequent heavy-hitting, trail-blazing sport”
Digital Arts has revealed that over $60 million was paid to its senior executives in FY2024 with CEO Andrew Wilson receiving greater than $25 million.
In line with Recreation Developer, this was revealed in a latest monetary report and comes not lengthy after the Apex Legends writer laid off 5% of its international workforce, closed a number of studios and cancelled initiatives.
Within the 96-page report, EA disclosed compensation particulars for its senior workers in FY2024 with CEO Wilson taking residence the very best pay of $25.6 million in inventory awards, wage, and different compensation.
The corporate’s second highest earner is its president of leisure, expertise and central growth Laura Miele who earned $12 million over the previous yr. The bottom compensated govt was the newly appointed CFO Stuart Canfield who succeeded Chris Suh and took residence $625,000.
Monetary success amidst workforce reductions
In FY2024, Digital Arts reported internet bookings totaling $7.43 billion. Nonetheless, the corporate’s resolution to chop over 10% of its workforce in simply over a yr has drawn criticism from the neighborhood.
In responding to Recreation Observer’s X (previously Twitter) submit on the CEO’s earnings, one person @eckoxsoldier wrote “company greed strikes once more” with one other person @OwlBasketTeam including that: “Think about what an INVESTMENT such cash would’ve been on a subsequent heavy-hitting, trail-blazing sport.”
The 49-year outdated CEO has been at EA for over 20 years and has served largely in govt roles together with vp, SVP, and head of EA sports activities earlier than helming the function of CEO in 2013.
Just lately, Wilson mentioned plans to introduce extra dynamic adverts in video games and addressed the growing function of AI in sport growth which might see the It Takes Two writer utilise the nascent expertise in a few of areas of its sport growth.
