The newest Ubisoft earnings studies shared that longtime chief govt Yves Guillemot will voluntarily take a large pay lower totaling €310,607 (round $327,000 USD).
These particulars have been first noticed by Axios in superb print all through the June 14 report amongst paragraphs of company jargon.
“It is a private determination 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 circumstances like gross sales and high quality of life at Ubisoft. Guillemot was entitled to 53.1% of this “fastened compensation” for fiscal 12 months 2021 however will as an alternative take dwelling solely €624,824 (or round $657,000 USD). Right here’s hoping he can survive on that pittance.
Whereas the Ubisoft exec’s determination 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 middle of Ubisoft’s sexual misconduct scandal, which got here to mild in 2020 on the top of the online game trade’s personal #MeToo motion. The controversy centered on widespread abuse in opposition to feminine workers in any respect ranges of the corporate and resulted in a number of resignations.
“Girls now characterize 25% of our complete workforce, and represented one-third of complete recruitment up to now 12 months,” Guillemot boasted within the report’s intro, with out really addressing why these workforce demographic shifts have been obligatory within the first place. “Moreover, we have now a robust illustration of girls at management ranges with respectively 42% and 45% for the Govt Committee and the Board. We have now bold plans to proceed constructing a extra various and inclusive group.”
As famous by Axios, Ubisoft’s monetary outlook additionally stays shaky regardless of the continued crucial 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 through the fiscal 12 months that ended on March 31.