Axios has revealed a curious detail in Ubisoft’s 352-page annual report. On one page, in fine print, it was stated that CEO and founder of the company, Yves Guillemot, had cut the remuneration he was due to receive next year by 310,607 euros.
According to the studio, this is due to the unsatisfactory financial results of Ubisoft:
This is a personal decision by Yves Guillemot, given that the company has not reached the financial targets it has publicly communicated to the market.
After this step, Guillemot’s prize next year will be approximately 625 thousand euros instead of almost a million.
Over the past year, Ubisoft’s operating profit has fallen 14%, net bookings (sales, basically) have fallen 5%, and the company’s stock has lost half its value.