Don Mattrick is the new CEO of Zynga, offered $50mn Salary Package

As per news report the new CEO of Zynga Inc. Mr. Don Mattrick has been offered a huge pay package of $50 million. This salary package has created a serious buzz in the technological world in deed.

Zynga is popular social gaming company, and it has endorsed a few very popular games over the years in Facebook. Just a few days back Mark Pincus, who is also one of the founders of Zynga, transferred the prime leadership of the company to Ex Microsoft techie Don Mattrick.

Currently the online gaming company has been facing some serious troubles, and it solely needs a proper transition in order to survive in the days to come. Zynga is hoping that Mr. Mattrick, who was the Chief at Microsoft’s Entertainment Division, will be able to change the scenario by turning the wheel back in to the path of profits.

It has to be added here Zynga’s shares have increased more than 10 percent to close at $3.17 after the announcement. As per the report Mattrick will take charge of the San Francisco-based company from next week only. He is a well-experienced person, and one of the best alive persons in the plant for this job. He understands the videogame industry quite well, as he is a veteran member of it.

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Zynga is currently focusing on developing exciting games for the mobile devices, and in order to do that properly it already sacked almost 1/5^th of its staff. The company is mainly cutting down the expenses as much as possible to fight this unfavorable condition.

The social gaming firm is currently giving its full priority on making such games that can be played on tablets, consoles or smartphones. The company has been shutting down a few unpopular games to provide extra monetary support to its overall transition plan.

Zynga Inc. has also its own online gaming arena, which can be accessed at zynga.com. The company is also redesigning it in order to make it even more appealing and exciting for the interested end users.

The main reason of Zynga’s fame was its alliance with the social networking giant Facebook. Eventually the users of this social media played loads of Zynga games with their friends, which helped the company to rise up in the ladder of stardom. But last year these two firms have grown apart in order to walk alone. In the mean time Zynga seeks new consumers while Facebook develops several other revenue streams.