Saturday March 02, 2019

Activision and EA CEOs Appear on List of "Most Overpaid" in the US

Non-profit foundation As You Sow has published its latest report of the 100 most overpaid CEOs, and Activision's Bobby Kotick and EA's Andrew Wilson made the list. Kotick is in the 45th spot with a pay of $28,698,375, which is "306 times more than his average employee." PC Gamer points out Activision "recently celebrated record profits while laying off hundreds." Wilson earned "$35,728,764, which is 371 times more than his average employee."

The report notes that while shareholders have started to oppose the huge amounts of cash being earned by CEOs generally, their pay is still increasing. "Yet overall CEO pay continues to increase. According to Institutional Shareholder Services (ISS) the average pay for a CEO in the S&P 500 grew from $11.5 million in 2013 to $13.6 million in 2017. An analysis by the Economic Policy Institute, which includes the cashing in of stock options, found that 'in 2017 the average CEO of the 350 largest firms in the U.S. received $18.9 million in compensation, a 17.6 percent increase over 2016.'"