In 2019, Bobby Kotick, CEO of Activision Blizzard, earned a whopping $ 30 million in salary. Too much? That means at least a group of investors who are now demanding a fair contract. Those responsible for the company justify themselves because a large part of Kotick's salary is performance-related.
Some time ago, a ranking of the best-earning managing directors in the United States was published, taking into account the 500 largest exchange-oriented US companies. This ranking included Bobby Kotick, CEO of Activision Blizzard. He is said to have earned about $ 30.1 million in salary in 2019. Too much money for the manager? A group of investors has exactly this opinion and is now criticizing Kotick's high salary.
Specifically, two consulting firms have made public statements that represent the interests of said Activision Blizzard shareholders. The salary was above the level of comparable managing directors, was almost exclusively designed for stock market profits and Kotick "obviously did not achieve many goals". Employees would also earn less than a third of one percent of their CEO. Junior developers, for example, only received $ 40,000 a year, which isn't a particularly impressive salary in expensive California. On top of that, over 800 employees had to be fired last year. We now recommend all other shareholders to vote for a change and a "fair payment". The Application was supported by the CtW Investment Group, which is committed to making management responsible for "irresponsible and unethical corporate behavior and excessive manager salaries".
Activision stressed Blizzard in a statement GameSpot the tremendous success of the company since Kotick's appointment as CEO in 1991. Under his leadership, market capitalization had grown from $ 10 million to $ 53 billion. "Over 90 percent of Mr. Kotick's compensation is performance-based and created exceptional value for Activision Blizzard shareholders.", the statement continues.
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