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At the request of Zynga (ZNGA +0.00%) founder, CEO, and chief product officer Mark Pincus, the board of directors has agreed to reduce Pincus' salary to $1, and he will not be eligible to participate in the cash bonus or equity award programs in 2013, according to a recent SEC filing. Zynga has not shared its executive's 2012 compensation; however, in 2011 Pincus was paid a $300,000 salary, and received bonus and equity awards raising his total pay to $1.68 million for the year.

The six other Zynga executives listed in the SEC filing, in addition to Pincus, are scheduled to earn between $1.4 million and $2.27 million in 2013, assuming 100% of company performance objectives are met. Dependent upon results, the Zynga board has the option to pay much as 200% of each executive's performance and cash bonus awards. 

 

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Tim Brugger
Tim spends much of his day writing articles and content for The Fool and, not surprisingly, loves it! However, Tim still fancies himself a storyteller as well and will continue to pursue his passion for writing fiction. His first book, The Lives of Stupid People Volume 1 (The next, great American novel as you can tell from the title), was published in 2011, along with a couple award-winning short stories. Tim majored in business studies and marketing at the University of Oregon, remains an avid soccer player and crossword fanatic, and currently lives with his 3 children in Portland, OR.
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