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Ubisoft not hitting targets, CEO Yves Guillemot takes a pay cut – Nerd4.life

fiscal year for Ubisoft It seems that he did not go well, with the company that Did not achieve financial goals that was initially set: So, the CEO Yves Guillemot has decided to cut his salary.

He obviously wouldn’t die of starvation, given how much money he still got, but by cutting it 310607 EUR It has a symbolic value in these cases, something similar to what EA CEO Andrew Wilson did.


Yves Guillemot, CEO of Ubisoft

It accounts for roughly a third of Guillemot’s annual salary as president of Ubisoft, without considering the stock bonuses he holds.

The main reason behind this move is the fact that she wants to symbolize “Take responsibility For the works that did not go as expected, but also the idea to show “the implementation of internal reforms to solve specific problems, starting with the sexual assault scandals”, a topic that has sparked much discussion in recent years.

Sales revenue was down 5%, but the value of the stock was down 50% during the outgoing fiscal year. Based on the results, the disappointing results of Ghost Recon Breakpoint and Immortals Fenyx Rising contributed strongly to this negative trend, despite the excellent sales of Assassin’s Creed Valhalla.

See also  Xbox Series X and S are much nicer than PS5, according to a survey of the ResetEra forum - Nerd4.life

Maggie Benson

"Bacon trailblazer. Certified coffee maven. Zombie lover. Tv specialist. Freelance communicator."

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