EA CEO’s Pay Declines to Under $20 Million

Tsing

The FPS Review
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There may be slightly less yachts and exotic cars in Andrew Wilson's future.

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Under $20 million? Gosh, how will he survive? Straight to the poor house for this guy. His life must be unbearable now. Let us all take a moment of silence in honor of this man and his great suffering. Wow, it must be really terrible.

LAWLZ
And I thought I was on top of the world when I was making about 16 grand a year in the 2000s.
 
He must work 200 times more as any old game developer in the company.

CEO getting 20 times more than the company average, that would be where I'd cap it. This way if management wants to raise their own salaries, they first need to raise a significant portion of actual staff salaries.

Of course the revolving doors will never allow such law to be put in place.
 
DrezKill said:
Under $20 million? Gosh, how will he survive? Straight to the poor house for this guy. His life must be unbearable now. Let us all take a moment of silence in honor of this man and his great suffering. Wow, it must be really terrible.

LAWLZ
And I thought I was on top of the world when I was making about 16 grand a year in the 2000s.
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I remember taking a job that paid $7/hr after working for minimum wage (just a little over $3/hr back then) and thinking to myself, "what am I going to do with all this money?". Yes, I was poor (but not broke), but I was also ignorantly happy ... I didn't know what I didn't have and I didn't care. Those days are long gone now.
 
The smart CEOs get paid $1.

And all the stock options they can eat that only get hit with capital gains if you cash them out, and benefits that don’t get taxes
 
Brian_B said:
The smart CEOs get paid $1.

And all the stock options they can eat that only get hit with capital gains if you cash them out, and benefits that don’t get taxes
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I'm not familiar with US law, but I'm pretty sure here in the EU you got to pay income tax when you cash out.
 
MadMummy76 said:
I'm not familiar with US law, but I'm pretty sure here in the EU you got to pay income tax when you cash out.
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You are right, there is a form of income tax on stock options, but it's treated much differently than regular income and has a lot of loopholes that you can work around; provided you can afford an accountant to work them for you. But there are a lot of benefits that won't get taxed at all, like use of the corporate jet, meals, chauffeur service, health & life insurance, liberal use of the corporate expense account, "work meetings" at resorts with the family, etc.

The real game in the US is that you don't cash out. You borrow against the value, and since it's collateralized, you get ridiculously low interest rates.

For the past several years, the interest rate you paid on the loan was less than what you would make in returns for even a modest stock investment. That may flip a bit with the interest rates starting to rise lately, but the interest rate has to go up pretty high before it's more expensive than cashing out and paying the subsequent taxes on it.
 
Ditchinit said:
I remember taking a job that paid $7/hr after working for minimum wage (just a little over $3/hr back then) and thinking to myself, "what am I going to do with all this money?". Yes, I was poor (but not broke), but I was also ignorantly happy ... I didn't know what I didn't have and I didn't care. Those days are long gone now.
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My first permanent job was about $4/hour which was twice the minimum wage back then. I never had an issue spending it. Honestly, I don't even know where most of my money went as I have nothing to show for it, and never had any savings back then.
 
MadMummy76 said:
My first permanent job was about $4/hour which was twice the minimum wage back then. I never had an issue spending it. Honestly, I don't even know where most of my money went as I have nothing to show for it, and never had any savings back then.
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Yup I remember the 3.75 an hour Burger King high school days. :( But all the free old, stale burgers you could steal.
 
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