Zyngaceo's annual salary drops to $1 for corporate dilemma over bonuses

Zynga CEO Mark Ping Cass (Mark Pincus) Sina Science and technology news Beijing time April 5 Noon, the U.S. social game developer Zynga Thursday regulatory documents showed that in order to cut costs, the company's CEO Mark Ping Cass (Mark Pincus) 2013 's basic annual salary will be reduced to $1 trillion, and will give up the year's cash bonuses or equity awards. The resolution entered into force since April 1. Pincus 2011 Annual salary of 1.68 million U.S. dollars, including 300,000 U.S. dollars basic salary and 3750 dollar bonuses. But Zynga did not disclose 2012 years of executive pay. Zynga was founded in 2007 by Ping-Cass, but under the impact of the mobile wave, the company was stuck in a business dilemma and was forced to cut costs by cutting wages. Pincus announced "tough decisions" last October, including layoffs 5%, closing offices and ending 10 games. Regulatory documents show that 6 of Zynga's other top executives each have a basic annual salary and a performance bonus of about $2 million. For example, the company's executive vice president and CTO Cadille Li Hu (Cadir Lee) will receive a $500,000 basic annual salary and a $500,000 bonus and a maximum of 1.77 million dollars in performance bonuses this year. Pincus currently has a net worth of $800 million, one of Facebook's earliest investors, and his Facebook shares are still worth more than $100 million trillion. Zynga's shares fell 2.3% on Nasdaq in Thursday and closed at $3.45, down 66% from December 2011 's IPO prices. (Ding Macro)