Friday, April 5, 2013

Zynga's Mark Pincus Drops Salary To $1

San Francisco-based Zynga, in a filing with the SEC Thursday, said that CEO Mark Pincas has reduced his annual salary to $1.00, and will not participate in the company's performance cash bonus program, nor will he receive any equity awards. The company said the move came at the request of Pincus. Zynga and Pincus did not say why he decided to modify his salary, which came as part of the firm's annual review of executive compensation.