Activision Blizzard shareholders urged to vote against boss Bobby Kotick s bonuses

Activision Blizzard shareholders urged to vote against boss Bobby Kotick s bonuses

Activision Blizzard shareholders urged to vote against boss Bobby Kotick's bonuses Eurogamer.net If you click on a link and make a purchase we may receive a small commission. Read our editorial policy. Activision Blizzard shareholders urged to vote against boss Bobby Kotick's bonuses Average employee pay less than one third of 1% of his earnings. News by Tom Phillips Deputy Editor Updated on 5 Jun 2020 92 comments Bobby Kotick, the boss of Activision Blizzard, is paid too much. That's the advice the company's own shareholders are being given ahead of a proposal to award the CEO another year of big bonuses. If these bonuses are granted, Kotick will benefit from "multiple, overlapping opportunities" to earn "outsize equity awards", a filing to the US Securities and Exchange Commission, reported by GamesIndustry.biz, claims. This year's bonuses would give Kotick lower and less tangible performance targets with no reduction in compensation, two advisory services said. Shareholders - a "substantial" number of which are union-sponsored pension funds - are being encouraged to vote against awarding these bonuses at the company's upcoming AGM next week. Kotick has earned almost $100m at Activision since 2016. A typical Activision Blizzard salary is less than one third of one per cent of Kotick's pay. In response, Activision told Gamespot that Kotick had overseen the company for 20 years, during which time its market cap had grown from $10m to $53bn, and that the majority of his bonuses were still performance driven. But Activision continues to face criticism it is not investing that money back into keeping employee positions - other than its CEO - secure. Last year Activision Blizzard announced it was laying off 800 people despite earning record financial results. Become a Eurogamer subscriber and get your first month for £1 Get your first month for £1 (normally £3.99) when you buy a Standard Eurogamer subscription. Enjoy ad-free browsing, merch discounts, our monthly letter from the editor, and show your support with a supporter-exclusive comment flair! Support us View supporter archive More News Splatoon 3 Amiibos will be out next month Ink-coming! 3 Fans think Phil Spencer's shelf is teasing the Xbox Game Pass streaming box UPDATE: Xbox confirms old Keystone prototype. 59 Modder dives into Demon's Souls files following PS5 jailbreak, discovers fabled Ring of the Chieftain Who knows what's nexus? 4 Google announces cloud gaming Chromebooks less than a fortnight after Stadia shutdown GeForce Now preinstalled. 10 Latest Articles Preview Football Manager's new Console edition is the best you'll get without a PC Getting Touch-right. Splatoon 3 Amiibos will be out next month Ink-coming! 3 Fans think Phil Spencer's shelf is teasing the Xbox Game Pass streaming box UPDATE: Xbox confirms old Keystone prototype. 59 Modder dives into Demon's Souls files following PS5 jailbreak, discovers fabled Ring of the Chieftain Who knows what's nexus? 4 Supporters Only Premium only Off Topic: Take a minute to appreciate Cookin' with Coolio's incredible scallops recipe. What a great book. Premium only Off Topic: Reading City of Glass in comic form "Where exactly am I going?" Premium only Off Topic: Il Buco is a transporting film about a really big hole Underlands. Off-Topic Netflix handled Sandman brilliantly It was Dreamy. 9 Buy things with globes on them And other lovely Eurogamer merch in our official store! Explore our store
Share:
0 comments

Comments (0)

Leave a Comment

Minimum 10 characters required

* All fields are required. Comments are moderated before appearing.

No comments yet. Be the first to comment!