Bayek!
Ubisoft has seen a fair amount ofbad pressandoverall poor performanceof late, a result of which has seen its chief executive taking a voluntary pay cut.
A recent companyfilingrevealed Yves Guillemot chose to forgo about a third of his annual compensation (viaAxios), equating to a pay cut of 310k (approximately 266k / $327k).
An Ubisoft spokesperson told Axios this was 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”.
The vast majority of the pay that Guillemot has given up is linked to Ubisoft’s financial performance as well as “the execution of internal reforms meant to address issues stemming from the company’ssexual misconduct scandals” that have come to light in recent years.
Reports have also suggested that Ubisoft is readying itself tofight off a potential future takeover bid, after the Assassin’s Creed maker allegedlycaught the eye of several private equity firms.
