Gosh. They've done quite well!
------ from VentureBeat, via Google Reader
Massively popular social gaming company Zynga today filed for a $1 billion IPO along with some staggering numbers, including that the company had already earned $90 million in profit in 2011. The filing also revealed what sort of compensation the executive board earned in 2010.
The biggest highlight regarding pay on the sheet is that Executive VP Owen Van Natta, a Myspace veteran, earned an enormous $43 million in 2010. Most of his pay came from stock and option awards, but he’s surely not complaining.
CEO and founder Mark Pincus only earned around $520,000, but that number is misleading as Pincus sold $110 million in shares last year and owns 16% of the company.
Another major number on the board belonged to Steven Chiang, co-president of games, who racked up nearly $29 million in total compensation. Then there’s CFO David Wehner, who earned around $18 million.
The eye-popping chart is below:
San Francisco-based Zynga generates its revenues from its Facebook-based games like FarmVille, CityVille, and Empires and Allies. Each successive game has become a hit and users happily purchase items inside otherwise free games, generating tons of cash.
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