Microsoft Xbox executive Don Mattrick joined Zynga as its CEO last year. During their earnings call today, Zynga announced that Alex Garden, currently the general manager of Xbox Music, Video and Reading at Microsoft, will become the first president of Zynga Studios, a new role reporting to Mattrick, on May 5. Alex Garden held various positions like General Manager, Xbox LIVE,  General Manager, Xbox Music, Video and Advertising and more at Interactive and Entertainment business at Microsoft. Microsoft has not confirmed his replacement so far. Look out for those details in next few days. Source: Recode ...

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Less than two years after opening a game design studio in downtown Victoria, Canada. This was an initiative led personally by Don Mattrick who had previously lived in Victoria, Canada.  Microsoft has closed its doors, leaving at least 30 people out of work.The Redmond based software giant said it was part of a plan to consolidate its resources. “This was not an easy decision, but one guided by our desire to centralize development in our Vancouver studios,” the company said. “We are working closely with all employees affected by this change to identify open positions in other studios, and we remain committed to doing business in British Columbia.” “It was great to have a large, well-known brand like Microsoft come to town and we’re sorry to see them go, but in the end it wasn’t a giant studio,” said Dan Gunn, executive director of the Victoria Advanced Technology Council. “Fortunately, we have seen ...

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Zynga filed its 8-K regulatory filing, among other things documenting the compensation package for former Microsoft executive and now Zynga CEO Don Mattrick.  Over several years Mattrick can potentially make over $50 million at Zynga depending on how the stock does.  In his first year alone Mattrick is set to make $19.3 million in combined cash and stock.  This includes a $5 million signing bonus, a $1 million annual salary, and guaranteed cash bonus of $2 million.  He will also receive $11.3 million in Zynga stock; compensation for vesting shares he gave up in leaving Microsoft. Mattrick is also getting an “inducement” grant of 1,785,714 restricted stock units, valued at $5 million, as well as an option to purchase 7,357,143 shares now worth $10 million, which will also vest over several years.  Beginning in 2014, Mattrick will be eligible for a 200 percent to 400 percent yearly cash bonus of his ...

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