Boston Herald - Boston Herald: Zynga gives new CEO millions to leave Microsoft

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Boston Herald - Boston Herald
Zynga gives new CEO millions to leave Microsoft
Jul 4th 2013, 00:42, by By Associated Press, Associated Press

SAN FRANCISCO — Struggling Web game maker Zynga gave new CEO Don Mattrick a $5 million signing bonus and stock awards valued at $40 million to lure him away from his previous job overseeing Microsoft's Xbox console for video games.

Mattrick's compensation package also includes a $1 million annual salary and a guaranteed bonus of about $1 million this year, according to a regulatory filing made late Wednesday. Zynga Inc. announced Mattrick would replace company co-founder Mark Pincus as CEO earlier this week, but didn't detail how much its new leader would be paid at that time.

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