EA Pays $48 Million to Design Chief Among Raises to Keep Talent
This article is for subscribers only.
Electronic Arts Inc. more than quadrupled compensation for its production chief to $48.4 million as the gaming company raised pay for top executives in an effort to keep talent.
Patrick Soderlund, who runs EA Worldwide Studios, was the highest paid of the company’s leaders, receiving equity awards totaling $46.3 million, while Chief Executive Officer Andrew Wilson received $35.7 million in total pay, a 79 percent increase from a year earlier, the Redwood City, California-based company said Friday in a regulatory filing. The increases resulted from special equity awards in recognition of the firm’s financial performance over the past four years.