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A recent bonus payout from Activision Blizzard to its CEO Bobby Kotick is drawing outside criticism. The $200 million dollar bonus is tied to the growth in Activision Blizzard Stock value over the last couple of years, though critics argue that external factors beyond what a CEO could influence as the reason for the stock valuation. The pushback against Kotick’s payout comes from CtW Investment Group. The firm had taken issue with the $30 million Kotick received in 2019 and reportedly have similar complaints regarding the $200 million bonus. While the increase in Activision s stock price is somewhat commendable, as we stated last year and continue to assert, this achievement alone does not justify such a substantial pay outcome for the CEO, director of executive compensation research Michael Varner said. There are many factors that may contribute to a rise in this particular company s stock price that may not be directly attributable to Robert Kotick s leadership. The ....
Investor Group Pissed Activision Blizzard CEO Is Getting A $200 Million Payout gamespot.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gamespot.com Daily Mail and Mail on Sunday newspapers.
Activision Blizzard CEO To Get Even Bigger Bonuses While Others Get Laid Off Photo: Scott Olson (Getty Images) Activision Blizzard CEO Bobby Kotick routinely gets millions in stock bonuses every year based on how the company is doing. Now he’s set to get even more, for a total payout of nearly $200 million according to CtW Investment Group, a union pension fund advocacy organization. And it’s all thanks to a clause in his contract that was recently triggered by the company’s strong stock performance throughout the pandemic. Advertisement As the Call of Duty maker’s CEO, Kotick gets bonuses based on helping the company hit profit targets and other milestones. And because 2020 saw Activision Blizzard’s stock price jump dramatically as millions turned to games to distract themselves during the pandemic, he’s on track to collect all of the incentive bonuses he missed in recent years, in addition to the tens of millions he already earns annually, due to ....
The financial compensations for Bobby Kotick are once again under fire, as the Activision Blizzard CEO stands to earn a payout of up to $200 million. The CtW Investment Group claims Activision s success over the past year has triggered the Shareholder Value Creative Incentive clause of Kotick s employment agreement, Kotaku reports. CtW is an investor group that states its mission is to hold companies accountable for irresponsible and unethical corporate behaviour and excessive executive pay. Due in large part to the pandemic, and a banner year for Call of Duty, Activision enjoyed a record financial year. Over the course of the last 12 months, its stock price has jumped from $56 per share to $92, where it currently sits. Back in February, it reached over $100 per share. ....
Activision Blizzard Fires More, Gives Them $200 Gift Cards While CEO Gets $200m Payout Mar 17, 2021 13:31 EDT Activision Blizzard is, as a company, as good of a definition of evil as is possible. A few other terms could be thrown in there - terms like tone-deaf and the devil s muse. You could also call them alleged tax-avoiding thieves, grifters, and predators who lure children into gambling. If this introduction seems unfair, it isn t. I would argue that each point is provable, has been time and time again, and perfectly fits the company. This piece has opinions. It has some news too. Mostly opinions about Activision Blizzard being evil. ....