Yesterday Don Mattrick was named CEO of Zynga in place of its founder, Mark Pincus. If he wants to get paid, he’ll have to do a good job boosting the public’s opinion of the struggling gaming company.
Mattrick’s pay will be 95% based on stock, The Wall Street Journal’s Evelyn Rusli reports. Mark Pincus, who made hundreds of millions of dollars from his stake in Zynga, was only taking a $1 salary.
Zynga’s stock is down 70% from the IPO over one year ago. So far shareholders seem to like Mattrick. Zynga’s stock price surged 10% yesterday on news of the management shift.
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