Meet the highest paid CEO in S&P 500, Paycom’s $211M man

Move over, Elon Musk and Tim Cook. There is a new name breaking into the list of the highest-paid chief executives: Chad Richison, the founder and CEO of payroll processor Paycom Software Inc.

The Oklahoma City billionaire last year was awarded compensation valued at $211 million by Paycom, the company disclosed in the annual proxy statement it filed with the Securities and Exchange Commission last week.

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At the pay package’s core: an award of restricted shares that could wind up adding more than $2 billion to Mr. Richison’s fortune over the next decade. Paycom said the value of the award is based on share performance and Mr. Richison will receive none of the award unless the company’s share price more than doubles.

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Ubisoft Acquires GameBlocks to Help Spot Cheats in Online Games

(Photo: Ubisoft)

Nobody likes a cheat, and none more so than game developers and publishers who manage online games. Ubisoft is one of the biggest, and it just acquired GameBlocks through its subsidiary i3D.net to make spotting online cheats easier and faster.

GameBlocks has been around since 2012, and it specializes in both anti-cheat technology and performance monitoring. Its anti-cheat system is called Fairfight, and it works on the server side so players don’t need to install any software. Fairfight operates in real time and uses a proprietary GameChanger rule engine to “evaluate players gameplay actions to make the game fair for everyone.” It’s already used in popular titles such as the Battlefield series, Star Wars Battlefront games, Titanfall, The Division, and Rainbow Six Siege.

Now that GameBlocks is a part of Ubisoft, the technology is being deployed to the company’s i3D.net high-performance, low-latency global network, and more specifically,

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Square’s Ready to Take On PayPal

In case you missed it, Square (NYSE:SQ) in December launched a streetwear collection based on its Cash App brand. No, this financial services and digital payments company isn’t suddenly pivoting into the apparel business. Instead, the “Cash by Cash App” store served as a demonstration of a much-bigger opportunity for Square.

The online store features a big button at checkout encouraging shoppers to check out with Cash App. And Square has plans to expand that checkout button to more online merchants, taking on PayPal Holdings(NASDAQ:PYPL) core business.

What Square’s working on

A couple of job listings for Square indicate it wants to expand the checkout feature in some form. “The Commerce team is building new retail payment experiences on Cash App that leverage our vast omnichannel Seller ecosystem at Square,” job listings for a software engineer and engineering manager explain. 

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Image source: Getty Images.

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