Zynga has filed an 8K regulatory filing that shows how much new CEO Don Mattrick will be getting paid. Mattrick will be paid $50 million in cash and stock compensation over several years. Mattrick’s cash and stock package will be worth $19.3 million for the first year. His signing bonus was $5 million in cash and a $1 million annual salary with a pro-rated cash bonus of $2 million. In the period, he will receive $11.3 million in Zynga stock as part of a make-whole grant related to the vesting shares he lost when he stepped down at Microsoft.
Owen Van Natta Posts
Groupon has acquired mobile payments company Kima Labs and geolocation technology company Hyperpublic. Kima Labs is known for building the mobile barcode reading app called Barcode Hero and mobile payment app TapBuy. Groupon acquired a New York City based startup company called Hyperpublic, which is a geolocation service with layers of information on it like deals and events.
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If there is anything that Owen Van Natta knows, it is social networking. Van Natta is the former Chief Revenue Officer at Facebook and is the former CEO of MySpace. Social networking gaming company Zynga has hired Van Natta as the EVP of Business. He will be reporting to Zynga CEO Mark Pincus. Before joining Zynga full-time, Pincus has worked at the company as an advisor. Pincus will be managing business operations, customer service, marketing, communications, etc. Van Natta will also monitor company revenues. [TechCrunch]
Jason Hirschhorn has resigned as Co-President of MySpace and Mike Jones is expected to be named CEO soon. Hirschhorn and Jones were named Co-Presidents after Owen Van Natta was fired from the CEO spot. Below is a statement from Digital Chief of News Corp. Jon Miller:
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News Corporation (NASDAQ:NWSA) has hired Mark Rosenbaum as the CFO of MySpace. Rosenbaum is a former executive at MGM. “Having led companies at every stage of their development, Mark understands both startup culture and mature businesses, and is well suited to guide MySpace’s financial organization through its next phase of growth,” stated MySpace CEO Owen Van Natta. “We’re thrilled to add someone with his pedigree and experience to the team.”
According to paidContent, News Corporation reorganized Fox Interactive Media into News Corp Digital Media. This group will oversee Fox Audience Network, IGN Entertainment, MySpace, Photobucket, Beliefnet, and Fox Mobile Group.
Rosenbaum also previously worked for Gemstar-TV Guide, a former News Corporation property. He also worked at 20th Century FOX and The Walt Disney Company. Rosenbaum received his MBA from Duke University and has a Biology Bachelor’s degree from UC San Diego.
In the video above, Kara Swisher and Walt Mossberg ask newly appointed MySpace CEO Owen Van Natta and newly appointed News Corp. Chief Digital Officer Jonathan Miller some tough questions.
What makes this interview interesting is when Van Natta was asked what makes MySpace’s strengths and weaknesses are. Van Natta said that MySpace’s strength was that it is a lot more open and people on the network are a lot more interested in sharing information. But the reason why some people may be leaving MySpace for alternatives is because of an innovation issue.
Last week I wrote about how former Facebook co-founder Owen Van Natta will become the new MySpace CEO. Now it appears that News Corporation will be hiring former AOL executive Mike Jones as the COO of the social networking company as well.
“Michael’s operational insight and knowledge of the social media market will prove to be a valuable asset as we set out to evolve the MySpace product offering,” stated Jon Miller, Chief Digital Officer of News Corporation. “From a product perspective, there’s no better choice than Jason, who is highly regarded as an incredibly talented innovator, media executive and leader, all qualities I know will greatly benefit our team and our users.”
Miller is the former head of AOL which is where he most likely met Jones for the first time. I have a feeling that this won’t be the last time that News Corporation will poach executives from AOL. MySpace founders Tom Anderson and Chris DeWolfe are still negotiating other leadership roles within News Corporation.
News Corporation has also hired Jason Hirschhorn as the new Chief Product Officer of MySpace. Hirschhorn was President of Sling Media Group before attaining this position.