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Games Workshop, the company behind the epic Warhammer series, has seen its best year ever, largely due to the success of the video game Warhammer 40,000: Space Marine 2. With an Amazon TV series in the works, more video games and more tabletop launches in the works, the company is doing better than ever.
Warhammer CEO questions massive bonus
Following the company’s biggest year ever, Games Workshop chief executive officer Kevin Rountree was paid £4.4 million, an increased bonus from his previous year’s pay of £1.5 million.
Via MSM, Rountree’s bonus of £2.2 million is a reward for a decade of leadership at the Warhammer company, leadership which has led to massive concurrent growth due to a rapid, high-quality multimedia push.
In the last financial report for the company, Rountree discussed the new bonus structure of Games Workshop, something which is commonplace elsewhere but new to the tabletop gaming company. When discussing the bonus scheme, the chief executive questioned whether the bonus was the right thing to do for the health of the company.
“The new policy is a big change, time will tell whether it improves Games Workshop’s performance and whether it is the right change for Games Workshop,” Rountree explained.
“The remuneration committee will monitor outcomes,” he continued. “I will do everything I can, with their support, to ensure our decisions continue to be focused on doing what is right for Games Workshop and our long-term success, not on short-term gains.”
This bonus structure was also questioned by Games Workshop pay committee chair Kate Marsh who admitted that the arrival of massive bonuses “can attract shareholder scrutiny”. However, due to the sheer growth of the Warhammer company over the past decade, the bonus was deemed acceptable.
“The Committee recognises that such one-off awards can attract shareholder scrutiny but given the context behind the CEO’s tenure and the forward-looking, retentive element of the RSA, we felt such an award was appropriate given the above overall compensation benchmarking,” they explained.
It certainly has been an absolutely massive decade for Games Workshop, and the growth shows no sign of stopping. However, Games Workshop is wary of relying too much on the company’s recent boom, explaining that time will tell whether the growth will remain.
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