The newest Ubisoft earnings studies shared that longtime chief govt Yves Guillemot will voluntarily take a large pay minimize totaling €310,607 (round $327,000 USD).
These particulars had been first noticed by Axios in positive print all through the June 14 report amongst paragraphs of company jargon.
“It is a private resolution by Yves Guillemot, which he took contemplating that the corporate had not reached the monetary targets that it had publicly communicated to the markets,” a Ubisoft spokesperson instructed Axios.
The money Guillemot waived constitutes his “annual variable compensation,” or a bonus share of his common wage that fluctuates based on efficiency situations like gross sales and high quality of life at Ubisoft. Guillemot was entitled to 53.1% of this “fastened compensation” for fiscal yr 2021 however will as a substitute take residence solely €624,824 (or round $657,000 USD). Right here’s hoping he can survive on that pittance.
Whereas the Ubisoft exec’s resolution echoes a technique Satoru Iwata employed twice throughout his time as Nintendo’s president, Guillemot isn’t held in the identical excessive esteem. His high-ranking place rightfully positioned him on the heart of Ubisoft’s sexual misconduct scandal, which got here to gentle in 2020 on the top of the online game trade’s personal #MeToo motion. The controversy centered on widespread abuse in opposition to feminine staff in any respect ranges of the corporate and resulted in a number of resignations.
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“Ladies now symbolize 25% of our complete workforce, and represented one-third of complete recruitment prior to now 12 months,” Guillemot boasted within the report’s intro, with out really addressing why these workforce demographic shifts had been obligatory within the first place. “Moreover, we now have a robust illustration of girls at management ranges with respectively 42% and 45% for the Government Committee and the Board. We have now bold plans to proceed constructing a extra numerous and inclusive group.”
As famous by Axios, Ubisoft’s monetary outlook additionally stays shaky regardless of the continuing vital and industrial success of Murderer’s Creed Valhalla. The corporate’s working revenue dropped by 14%, gross sales decreased by 5%, and Ubisoft inventory misplaced half its worth throughout the fiscal yr that ended on March 31.
