Due to Ubisoft’s failures, company founder takes a pay cut
Translated with AI from the Russian original.
Ubisoft failed to demonstrate the promised success. The manager’s compensation was decided to be reviewed
As reported, Ubisoft founder and manager Yves Guillemot will earn much less. The reason was the French company’s less than outstanding success.
He will lose about a third of his compensation, which means he will miss out on roughly $327 thousand. Thus, he will earn only $656 thousand for the year.
According to Ubisoft representatives, this decision was made quietly by Yves Guillemot himself. He took this step because Ubisoft failed to achieve its stated financial goals.
Yves Guillemot will still receive a stock bonus, however. The Guillemot clan is currently one of Ubisoft’s largest shareholders.
Never miss our newsAdd this site to your preferred sources to see us more oftenAdd on Google
