Despite the difficulties and problems of the launch of “Cyberpunk 2077”, the CEO of CD Projekt and other members of the board are expected to receive huge bonuses of millions of dollars this year. CD Projekt Co-CEOs Marcin Iwiński and Adam Kiciński, according to the company’s annual report report, will receive a year-end bonus of 24 million zlotys (approximately 6.3 million US dollars), while CD Projekt board member and “Cyberpunk 2077” director Adam Badowski will receive a $ 4.2 million bonus.
As stated in the latest Bloomberg report, these bonuses come from CD Projekt’s profit distribution system, which distributes 20% of the company’s annual revenue split up to staff members. 10% of the profits is shared by the board of directors, while the remaining 10% is owned by the employees.
In a statement to Bloomberg, CD Projekt explained that 865 employees are part of the profit distribution system, of which $ 29.8 million are shared funds. At the same time, five board members will share $ 28 million.
In conversations with Bloomberg, some employees revealed that they are expected to receive bonuses ranging from $ 5,000 to $ 9,000. Senior staff may be closer to $ 20,000. Compared to the millions of dollars allocated to the board of directors, these naturally pale.
This type of number was what the company expected, but was questioned after the disastrous release of Cyberpunk 2077 from CD Projekt. After years of development and great fan expectation, this game was still in the wrong state when it was released. It is considered unplayable on PlayStation 4. This resulted in 30,000 refunds and Cyberpunk 2077 was canceled on the PlayStation Store.
By launching Cyberpunk 2077 in a difficult state, instead of waiting for completion, CD Projekt’s stock price suffered a steep price fall. Given its disastrous decision, in a recent conference call with investors, the board of directors was asked if it was “appropriate” to award such a large bond.
“We earned this money and the company earned this money, of course, but more net profits, more bonuses,” Kiciński said. “So well, we have results, we get bonuses, and that’s the contract we have.”
In CD Projekt’s financial report earlier this month, the company stated that the launch of cyberpunk “is a great lesson for us, and we will never forget it.” However, 2020 is still the best performance of the company. Going forward, the company plans to change its gaming marketing methods to help avoid another “cyberpunk” style.
