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Ubisoft’s CEO takes a major pay cut after the company’s poor performance

Ubisoft has seen a fair amount of bad press and poor overall performance recently, leading its chief executive to take a voluntary pay cut.

A recent company filing revealed Yves Guillemot opted to forgo around a third of his annual compensation (via Axios), which equates to a €310,000 (around £266,000/$327,000) pay cut ).

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A Ubisoft spokesperson told Axios that this was a “personal decision by Yves Guillemot, which he took considering that the company had not achieved the financial objectives it had set. publicly communicated to the markets”.

The vast majority of the compensation Guillemot waived is tied to Ubisoft’s financial performance as well as “the execution of internal reforms designed to address issues arising from the company’s sexual misconduct scandals” that have been reported. revealed in recent years.

Reports have also suggested that Ubisoft is preparing to fight a potential future takeover bid, after the Assassin’s Creed maker reportedly caught the eye of several private equity firms.

Following recently leaked images of the so-called Skull and Bones, it seems that all is not well in the world of Ubisoft.