Roblox stock, however, currently stands at $50 per share, which is a 28% decrease compared with March 2021, when the company started publicly trading. Knowledge Revolution was acquired for 20 million in January 1999 by MSC Software Corporation, for which David Baszucki served as vice president until he left with Erik Cassel to found Roblox Corporation in 2004. The Roblox CEO should help the company’s stock price reach $165 per share by March 2023, with the ultimate goal being $375 per share by March 2026. His base salary, meanwhile, has been reduced to $0, meaning that he won’t receive any other direct compensation through to 2027.

īaszucki will get the $232.8 million only if Roblox shares achieve certain milestones. For example, Activision Blizzard CEO Bobby Kotick’s compensation for 2021 was $154 million. This practice led to many CEOs getting hundreds of millions of dollars. The majority of the sum is a part of the so-called long-term performance award, a pay method used by companies like Tesla to retain executives by tying their earnings to company performance. Key Insights Institutions' substantial holdings in Roblox implies that they have significant influence over the company's share price A total of 12 investors have a majority stake in the company. It represents a 3323% increase compared with $6.8 million a year earlier.

According to a regulatory filing on April 4, Baszucki will receive $232.8 million by 2028 (via Reuters ).

Roblox corporation founders