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Big payday for ex-Zynga Schappert

August 9, 2012: 1:54 PM ET

Ex-Zynga exec netted $24 million.

FORTUNE -- Don't feel too bad for John Schappert, who yesterday resigned as Zynga's (ZNGA) chief operating officer after being neutered in a corporate reorganization. Seems he did pretty well for himself, considering that he only was with the company for 15 months.

Based on SEC filings, it appears that Schappert made $24.16 million during that period. Or, put another way, nearly $57,000 per day. Here's the breakdown:

  • Signing bonus: $10 million
  • Total salary: $370,000 (based on $300k annual)
  • Cash bonus (of sorts): $1.25 million
  • $8.04 million in sold Zynga stock
  • $4.5 million worth of outstanding Zynga stock (1.49 million shares).

To be fair, Schappert also left a lot on the table by quitting. Had he stuck around until next March 15, he would have been entitled to more than $9 million in additional compensation. Ditto if he got himself fired without cause.

But still not too shabby for just over a year of work at a company whose fortunes tanked during his tenure. There's an old saying that Silicon Valley rewards failure. If someone chooses to make it into a poster, I hope they have Schappert's  number.

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Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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