Investment Group Calls Out EA for Overpaying Executives, Urges Shareholders to Vote Against Excessive Compensation
CtW Investment Group has urged Electronic Arts shareholders to vote against excessive compensation proposals in an upcoming Annual Meeting scheduled for August.
In a letter penned by Executive Director, Dieter Waizenegger, CtW accused the publisher of developing an ?addiction? to special award grants. He pointed out that the company is preparing to hand out retention awards to its executives for fiscal 2020 even though they were already granted these awards in fiscal 2018, the performance period for which has yet to conclude. The letter specifically names Chief Financial Officer Blake Jorgensen and Chief Technology Officer Kenneth Moss.
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Source: PlayStation LifeStyle
URL: http://www.playstationlifestyle.net
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