A Ubisoft spokesperson told Axios: “This is the personal decision of Yves Guillemot, taking into account that the company has not yet met the financial targets publicly advertised to the market.”
The money Guillemot gives up constitutes his “annual variable compensation,” or a bonus percentage of his fixed salary, which fluctuates based on performance (such as sales, etc.). Guillemot will receive 53.1% of the “fixed salary” in fiscal 2021, but it will only receive $657,000 (about 4.4 million yuan).
As foreign media Axios pointed out, despite the continued commercial success of “Assassin’s Creed: Valhalla”, Ubisoft’s financial prospects remain unstable. In the fiscal year ended March 31, the company’s operating profit fell 14%, sales fell 5% and its stock price fell in half