John Schappert Rejoins EA

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Electronic ArtsElectronic Arts has rehired John Schappert as the company's Chief Operating Officer, responsible for worldwide publishing among other divisions. Schappert founded Tiburon Entertainment in 1994 (where many of EA's sports games were developed), and left EA in 2007 to go work with Microsoft to work on Xbox Live, where he launched the "New Xbox Experience." Now, Schappert returns to the fold.
Schappert returns with a base salary of $600,000 and a "discretionary target bonus" of 75% of his salary. He also gets a one-time bonus of $1,000,000 for signing and stock options to purchase 500,000 shares of common stock, 75,000 shares of restricted stock and up to 125,000 shares of stock based on his performance.

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This page contains a single entry by Editor published on June 18, 2009 1:15 PM.

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