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Ubisoft CEO Guillemot takes 30% pay cut

Ubisoft CEO Guillemot takes 30% pay cut

The CEO of French publishing giant Yves Guillemot has taken a sizable pay cut due to the company not meeting financial targets.

That's according to a filing by the firm – spotted by Axios – in which the chief exec's compensation is said to be cut to €624,824 ($656,000), a decline of around €310,607 ($327,000) from the €1,034,201 ($1,089,000) he was paid the year before. The pay that Guillemot is foregoing is linked to Ubisoft's financial performance, in addition to some of the reforms the company is meant to be making when it comes to its working culture.

“This is a personal decision by Yves Guillemot, which he took considering that the company had not reached the financial targets that it had publicly communicated to the markets,” a Ubisoft spokesperson said.

In the last year, Ubisoft's operating profit has declined by 14 per cent, while net bookings were down five per cent. Oh, and the company's stock price is down by almost 25 per cent year-on-year.

Earlier this year, there were reports that Ubisoft was being eyed up for acquisition. Subsequent reports suggested that the Guillemot family was considering partnering with private equity firms for an acquisition, while Yves Guillemot said in May that the company has "everything" it needs to "remain independent".


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PCGamesInsider Contributing Editor

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site PCGamesInsider.biz. In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

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