After a sluggish performance, Ubisoft's Chief Exec cuts its large sum of pay

After a sluggish performance, Ubisoft's Chief Exec cuts its large sum of pay

Of course, Ubisoft has experienced a fair amount of poor press and overall poor performance of late, resulting in its chief executive opting for a voluntary pay reduction.

According to a recent company filing, Yves Guillemot paid around a third of his annual earnings (via Axios), equiating to a pay cut of 310k (approximately 266k / $327k).

A Ubisoft spokesperson told Axios this was a "personal decision by Yves Guillemot," which he believed was made considering that the company had not reached its financial targets that it had publicly communicated to the markets."

The vast majority of Guillemot''s salary is tied to Ubisoft''s financial performance as well as "the execution of internal reforms designed to address issues related to the company''s sexual misconduct scandals" that have surfaced in recent years.

After Assassin''s Creed allegedly caught the eye of several private equity firms, reports claim Ubisoft is poised to take charge of a potential future takeover bid.

Following recent leaked views of the apparently coming Skull and Bones, it seems Ubisoft has no problems navigating the world.

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