It wasn’t long ago that Bobby Kotick, CEO of Activision Blizzard, hit the headlines for allegedly collecting a bonus of around $ 200 million. And this despite the fact that a number of employees had recently been laid off. The criticism even came from investors who did not see the situation as appropriate.
Bobby Kotick will earn less money in the future
Now go out of one Bericht der United States Securities and Exchange Commission (SEC) shows that Bobby Kotick is giving up 50% of his salary and annual bonus. Even the bonuses over common shares have apparently been completely removed. This is interesting in that they were responsible for most of his income. Bobby Kotick has made $ 1,750,000 annually so far, which has now shrunk to $ 875,000. It is not known how high his bonus will be now. According to the contract, however, this may not exceed 200 percent of his basic salary.
This change aims to bring Activision Blizzard CEO Bobby Kotick’s income into line with other CEOs in the industry. With the new contract, however, he will remain in his position as CEO until 2023. After that, negotiations will probably take place again.
It’s not the first time Bobby Kotick has been criticized for making too much money. We’ll see if the adjustments change that. Because even with 50% less salary, the CEO of Activision Blizzard still earns a lot of money.
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