An EA shareholder is urging other investors to block an executive pay bump at the company’s next annual meeting, writing that EA has an overpay “addiction.”

Times are tough out there, but you wouldn't know it if you were an EA executive. The company's proposed "say-on-pay" measure would let executives pay themselves basically whatever they want while EA lays off hundreds of employees. Two execs in particular are set to take home multi-million dollar bonuses unless shareholders vote "no" on the proposal.

Which is exactly what Change to Win Investment Group is hoping that those investors do. CtW is a pension and investment group affiliated with Change to Win, a federation of unions that "holds directors accountable for irresponsible and unethical corporate behavior by organizing workers’ capital into an effective voice for accountability and retirement security."

In this case, CtW is taking aim at EA for what it calls a "special award granting addiction." It notes that EA has consistently ranked in the top 25% of all executive pay in the United States, and that pay is getting another bump in fiscal year 2020.

CtW notes two execs in particular, CFO Blake Jorgensen and CTO Kenneth Moss, are set to get huge windfalls in 2020 thanks to a special performance award--basically a giant bundle of equity (shares) that gets dropped in their lap just to keep them around. This would be roughly $10 million for Jorgensen, while Moss would get $7 million.

RELATED: Activision Blizzard CEO Criticized For His Outrageous Salary By Shareholder

However, CtW points out that both executives are still within another bonus period that was offered in 2018, one which gives Jorgensen $5.4 million and Moss $5.5 million. That's a huge pay raise on top of the bonus they're already collecting.

via Fortune
Andrew Wilson, chief executive officer of Electronic Arts Inc. (EA), speaks during the Electronic Arts Inc. media event ahead of the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on Thursday, June 15, 2014

"The company has gone too far in terms of executive pay, piling on exorbitant equity awards to two executives and paying multimillion-dollar bonuses following worker layoffs," writes CtW in its letter to investors, noting that EA let go 4% of its workforce last year.

CtW also issued a similar letter to Activision investors on a very similar say-for-pay measure. Neither EA nor Activision has responded to the letter.

Source: GamesIndustry.biz, Change to Win Investment Group

NEXT: Why Is Pokémon Obsessed With Our Dental Health All Of A Sudden?