The executive is forgoing about a third of his annual compensation
Ubisoft CEO Yves Guillemot is taking a pay cut of about a third of his annual compensation for the coming year. The slash underscores how Ubisoft seems to be going through some hard times.
According to anUbisoft filingreported on byAxios, Guillemot will forgo about €310,607 (or roughly $327,000) he would have received over the next year.
This particular amount was linked to both Ubisoft’s financial performance and the execution of its reforms, meant to address thecompany’s misconduct scandalsthat arose in 2020.
“This is a personal decision by Yves Guillemot, which he took considering that the company had not reached the financial targets that it had publicly communicated to the markets,” an Ubisoft representative told Axios.
Sailing through rough waters
Ubisoft has been in some hot water for a while. Last year, employee turnover wasreportedly unusually high. And anopen petition last Novembercalled for leadership to meet workers’ demands for fundamental change at the company.
Even on the game release front, Ubisoft has been having some trouble.Ghost Recon Breakpointfeels like it was the start of it,failing to meet expectationsfor the shooter series. ThePrince of Persiaremake wasquietly movedto a new release window. AndRoller Championsfinally went liveto surprisingly little fanfare.
This pay cut underscores the tough times Ubisoft is navigating at the moment. The company has a few games on the docket, likeAvatarandSkull & Bones, though its launch calendar for those isn’t clear yet.
