[Mista]

Activision Blizzard CEO Bobby Kotick has agreed to halve his salary as part of his latest employment contract, but the executive could earn more via long-term equity incentive awards.

The Activision boss, who has drawn criticism for his high earnings at a time when the company is laying off staff in some departments, on April 28 agreed to extend his existing executive employment agreement, according to an 8-K form filed on Thursday.

The previous agreement was due to expire at the end of 2021 but Kotick, who has served as Activision's CEO for over 30 years, will now remain in charge of the Call of Duty and World of Warcraft firm until March 31, 2023.

Effective as of January 1, 2021, Kotick has agreed to reduce his base annual salary by 50%, from $1.75 million to $875,000. Kotick's maximum annual bonus has also been reduced as part of the contract extension.

Activision Blizzard CEO Bobby Kotick agrees to halve salary, but could yet earn more | VGC

Kotick will remain in charge at the Call of Duty and World of Warcraft firm until March 2023…

www.videogameschronicle.com

 

[ExpandKong]

Oh wow only $875k plus bonuses I hope there's a Family Dollar in his neighborhood.

 

[DonDonDonPata]

The dude is a legend.

 

[HE1NZ]

Based Kotick.

 

[regawdless]

That must be difficult to expain to his wife.

"Look, honey. Now I earn less, but kinda more."

 

[Allnamestakenlol]

Pay is halved, but they agreed to cover his hooker and blow expenses 100%.

 

[Nymphae]

Imagine if you could halve your salary and really not notice a difference in your day to day. Must be nice.

 

[John Day]

The Big Papi of CEO's. I think there is a book about him? There ahould be!

 

[Helios]

Very nice PR stunt. Most of his income comes from stock options so this "50% cut salary" is pocket change for him.

Compensation Information for Robert A. Kotick, Chief Executive Officer of ACTIVISION BLIZZARD INC | Salary.com

Salary, bonuses, stock options, stock awards and other compensation for Robert A. Kotick, Chief Executive Officer at ACTIVISION BLIZZARD INC. How much did Robert A. Kotick make as Chief Executive Officer of ACTIVISION BLIZZARD INC in 2018

www.salary.com

As Chief Executive Officer at ACTIVISION BLIZZARD INC, Robert A. Kotick made $30,841,004 in total compensation. Of this total $1,756,731 was received as a salary, $2,461,848 was received as a bonus, $19,037,673 was received in stock options, $7,495,745 was awarded as stock and $89,007 came from other types of compensation. This information is according to proxy statements filed for the 2018 fiscal year.

 

[Arkam]

Looks like he might have to "half" it again....

Report Alleges Activision Blizzard CEO Bobby Kotick Hid Knowledge Of Misconduct

The Wall Street Journal's report paints a damning picture of what Bobby Kotick allegedly knew, and when.

www.gamespot.com

&

Activision Blizzard Employees Are Walking Out Following Bombshell Report About Bobby Kotick

"We will not be silenced until Bobby Kotick has been replaced as CEO."

www.gamespot.com

 

[Dr. Farnsgoth]

Base salary doesn't mean that much to executives unless their bonuses scale with it

 

[HE1NZ]

They don't call it Activision for nothing. Completely taken over by activists. Games delayed to 2023 because nobody wants to work anymore.

 

[gameragodzilla]

I'm surprised Kotick hasn't been ran off the board yet after all the allegations.

 

[Kadayi]

Honestly, Kotick needed to be replaced a while back. Sure he might have lifted Activision out of a slump back in the day, but he's had his studios grinding on the same IPs for years with little in the way of R&D for a long time, whilst he just picks up a hefty annual bonus. Albeit he apparently took a minimum wage as some token gesture a while back: -

Bobby Kotick asks for minimum salary as Activision addresses toxic culture

Original story, October 28: Activision CEO Bobby Kotick has asked the company's board of directors to reduce his salary…

www.gamesindustry.biz

Considering the crazy money he's earned, it's all a bit too little too late. The big problem I see for anyone coming in is that they basically have probably 3-4 years before they're likely even to have any new projects emerge.