EA executives, including CEO Andrew Wilson, have given up their bonuses this year as a result of the company's less-than-stellar performance in the 2019 fiscal year.
The news comes by way of the U.S. Securities and Exchange Commission which has a summary of EA's business performance in the 2019 fiscal year. In it, it explains that as per EA's pay-for-performance compensation philosophy, Wilson and his executive staff will not receive a financial bonus this year.
"Given the Company's fiscal 2019 financial performance, and in order to maintain alignment for our pay-for-performance executive compensation philosophy, our CEO and his staff (including the NEOs) requested that they receive no performance cash bonus award for fiscal 2019," states the financial summary.
While EA was quick to point out its strong financial record from fiscal year 2014 to 2018, 2019 was a down year for the company. Though EA says competition in the year was fierce, EA suffered some setbacks with BioWare's Anthem, which failed to perform. Other games like Apex Legends began strong but have since seen a drop in players, while FIFA 19 performed as usual.
EA says its pay-for-performance philosophy rewards high-level executives with monetary bonuses based on three principals. Cash compensation where a "significant portion" is at risk depending on the performance of the company, long-term equity that ties the interest of the executives to the long-term health of the company, and compensation that are in-line with the executive's experience and the market trend for bonuses.
EA has reaffirmed its commitment to fixing Anthem, while a second season of Apex Legends is coming this summer. Check out our Apex Legends guide for more news on the new character, battle pass, and more.