If you have not heard the press release yet X-box Vice President Peter Moore is moving to EA, but that is not all. Thanks to an SEC salary report we got a glimpse of his next fat paycheck - a whooping $550,000 for just the base salary!
According to SEC form 8-k details, Moore's salary will also include a "discretionary target bonus," equal to 75% of the base half million dollars.
He will also get a signing bonus of $1.5 million if he stays with EA for two years, along with 50,000 shares of EA stock valued at $4.5 million by the end of 2009. On top of ALL this an additional 350,000 stock options will be granted as part of the companies "incentive plan". That is some incentive!
Oh yeah, he's also getting an additional $330,000 just for his moving expenses. What is he moving exactly? A space shuttle?
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HEREMoore's starting date as president of EA will be September 4th. I wonder if he'll have the same time of first day work jitters I got when I began here at Voig?