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brazed
18-07-2007, 10:06 AM
Here are the PR releases:


Peter Moore Resigns From Microsoft to Return to Northern California

Don Mattrick appointed to head Microsoft?s Xbox and Games Business.

REDMOND, Wash. ? July 17, 2007 ? Microsoft Corp. today announced that Don Mattrick, a former president at Electronic Arts Inc. (EA), will lead the Interactive Entertainment Business (IEB), which includes overseeing the Xbox? and Games for Windows? businesses. Peter Moore, who currently serves as corporate vice president of IEB, has decided to move his family back to the Bay Area for personal reasons and has secured another opportunity in the video games industry.

Mattrick will take over as the senior vice president of IEB at Microsoft, effective July 30. Mattrick was the founder of Distinctive Software Inc., which operated as a private company from 1982 until its merger with EA in 1991. Mattrick held various senior positions within EA, most recently as president of Worldwide Studios, until his resignation in February 2006. In February 2007, Mattrick began working with the Entertainment and Devices Division at Microsoft as an external advisor.

?Peter has contributed enormously to the games business since joining Microsoft in 2003 and we are sad to see him go,? said Robbie Bach, president of Entertainment and Devices Division at Microsoft. ?Since that time, he presided over the global launch of the Xbox 360?, spearheaded a revitalized and rebranded Games for Windows business, and helped steer the console?s ascent.?

Moore has decided to return with his family to Northern California, where they lived until he took the position at Microsoft. Moore will remain at Microsoft to assist in the transition through August and will then return to the San Francisco Bay area.

?While Peter will certainly be missed, we are delighted to have one of the industry?s most talented and passionate veterans on board to lead the business,? Bach said. ?Don is well-known and respected throughout the industry for his deep knowledge, technical expertise and management savvy. Under Don?s leadership, the games team is looking forward to embarking on our biggest holiday ever, with a wide-ranging roster of some of the most highly anticipated titles.?

Mattrick brings 23 years of games industry and development experience to the strong Microsoft management team, having helped bring to life such celebrated game franchises as the ?Need for Speed,? ?Harry Potter? and ?The Sims? while at EA.

?Over the past two decades, and the past few months in particular, I?ve worked closely with many of Microsoft?s top leaders and I?ve always been impressed by their talent, passion and commitment,? said Mattrick. ?I?m thrilled to join an already strong team that?s delivering truly amazing gaming experiences to customers around the world. I?ve never been more excited about the future of the industry, and firmly believe Microsoft will lead the next great innovations in gaming.?

Founded in 1975, Microsoft (Nasdaq ?MSFT?) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.



And EA:


REDWOOD CITY, Calif. ? July 17, 2007 ? Electronic Arts Inc. (NASDAQ: ERTS) today announced that Peter Moore has joined EA as President of the EA SPORTS? Label. Moore joins EA from Microsoft Corporation where he served as corporate vice president of the Interactive Entertainment Business in the Entertainment and Devices Division, leading both the Xbox? and Games for Windows businesses. Moore begins at EA in September and will report to EA CEO John Riccitiello.

Mr. Moore?s appointment rounds out the leadership of John Riccitiello?s recent reorganization of EA into four autonomous Labels. Frank Gibeau serves as president of the EA Games Label; Kathy Vrabeck is president of EA Casual Entertainment; and Nancy Smith is president of The Sims? Label.

?Peter Moore?s proven record of leadership in games and sports makes him a terrific fit for heading up EA SPORTS,? said EA CEO John Riccitiello. ?As a partner at Microsoft and earlier, as a competitor, we?ve learned to respect his vision and leadership.?

?The people at EA SPORTS have created one of the strongest brands in the entertainment industry and John Riccitiello is building an organization which will extend the company?s leadership to new platforms and new audiences all over the world,? said Peter Moore. ?I couldn?t be more excited about joining EA and moving my family back to the San Francisco Bay Area.?

The EA SPORTS Label is the strongest brand in the games business with blockbuster franchises such as Madden NFL, NBA LIVE, Tiger Woods PGA TOUR?, FIFA Soccer, NASCAR?, and others. With Peter Moore?s leadership and the passion, creativity and dedication of its development teams, EA SPORTS is expected to become even stronger in the years to come. EA plans to expand the EA SPORTS experience with new content, new platforms, new services and deep online integration.

At Microsoft, Mr. Moore was the president of the Xbox and Games for Windows businesses as well as game development at Microsoft Game Studios. Mr. Moore joined Microsoft in January 2003, originally as the head of marketing for the Xbox and Games division, bringing with him more than 20 years of experience and leadership in consumer businesses. Prior to joining Microsoft, Mr. Moore was president and COO of SEGA of America, where he was responsible for overseeing SEGA?s video game business in North America. Before that, Mr. Moore was senior vice president of marketing at Reebok International Ltd., and earlier in his career, he was president of Patrick USA, the U.S. subsidiary of the popular French sportswear company, managing all the company?s marketing, sales, finance and distribution.

Gambit
18-07-2007, 11:04 AM
And the green stuff:

SEC reveals Moore's multimillion-dollar EA deal
Documents show executive will get $1.5M signing bonus, $330K in moving expenses, $550K in base pay, up to $412,500 in annual bonuses, and 400,000 stock options.
By Tor Thorsen, GameSpot
Posted Jul 17, 2007 3:53 pm PT

Whenever a publicly traded company hires an executive with a massive compensation package, it must file documents outlining its offer with the Securities and Exchange Commission by law. So when Electronic Arts today announced it had lured Peter Moore away from his gig as corporate vice president at Microsoft, many industry watchers began snooping around EA's SEC filing in order to root out details.

The results did not disappoint. According to an 8-K form filed with the SEC this afternoon, the 52-year-old Moore will receive "a one-time bonus of $1,500,000 (minus applicable taxes) in recognition of the future compensation value he would be foregoing [sic] by leaving his position at Microsoft." Though the bonus is technically for his first two years as president of EA Sports, he will receive it in the next 30 days. If he leaves EA before July 17, 2009, he will have to repay a prorated amount.

Moore will also receive $330,000 in moving expenses which will have to be repaid in full if he leaves EA before one year. But, given Moore's pay package, that would seem unlikely. He will receive $550,000 in base annual salary and up to $412,500 in annual bonuses--meaning he could potentially earn $962,500 every year before taxes.

According to the 8-K filing, the publisher also offered Moore "a stock option to purchase 350,000 shares of the company's common stock" as well as 50,000 restricted stock shares. Some 24 percent of the first batch of the stock will vest after the first year of Moore's hire, with the remainder vesting at 2 percent per month going forward. The restricted stock will vest 50 percent after two years, with the other 50 percent vesting four years after the executive's hire date.

The first 350,000 shares of Moore's stock were issued under the terms of EA's 2000 Equity Incentive Plan. The plan expressly says the exercise price of that batch of stock will be the "fair market value" of said stock when the shares were issued. EA's share price ended the day on the NASDAQ at $49.47, which will be his strike price. That means when Moore's options vest, the company's share price must be higher than $49.47 for the executive to be able to sell his stock at a profit. Terms of the second option grant were not outlined in the 8-K form.

DeMoN
18-07-2007, 12:40 PM
Well EA is becoming the new Microsoft, so I suppose it makes sence.