Zynga shares are down more than 21 percent over the past six months, but that didn’t stop the company’s board from approving CEO Don Mattrick’s $57,814,391 pay package this year.
The company held its annual shareholders meeting Wednesday at its San Francisco headquarters, and a spokesperson said all motions were approved and board of directors were re-elected. She said there were several questions from shareholders but would not disclose any details.
Zynga’s Mattrick is the second-highest paid CEO of all the companies in the Bay Area—after Oracle’s Larry Ellison—but Zynga is far from being one of the top performing stocks in the region.
This article originally appeared on Recode.net.