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Bobby Kotick , CEO ofActivision Blizzard , is under fire from his company ’s shareholders for fail to upgrade the party even high than its current place at the top of the financial pyramid . Bobby Kotick has been calling the shots at Activision since 1990 , and the company billow in popularity under his leading . game likeTony Hawk ’s Pro Skater , Guitar Hero , Call of Duty , andDestinywere allmassively successful at one point or another , leading to the company becoming the turgid third - party video game publishing house in the manufacture .
For his part , Kotick has earned roughly $ 100 million in total compensation since 2016 ( roughly $ 30 million yearly in recent years ) via a combination of bloodline , equity , and bonuses , all in addition to his salary of more than $ 1 million . This makes him one of the highest - paid CEOs , earn more than 300 times theaverage pay of an Activision Blizzard employee . Some of the television game caller ’s stockholders feel he does n’t deserve such astronomical compensation .
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As reported byGamesIndustry . Biz , multiple advisory firms are recommending that Activision Blizzard stockholder vote to reduce Kotick ’s compensation . Their reasoning is that Kotick ’s bonuses are articulate to be contingent on boosting the performance of the company , and those requirements have not been met . The vote is schedule for June 11 .
Activision Blizzard has long been criticise for bringing in so much money without compensating its workers appropriately . In 2019 , in the wake of record - breaking profits for the company , Activision Blizzardlaid off 800 employeesin decree to tighten its belt . The reasoning was that the profits , while a disc for the company , failed to contact shareholder expectations . Thus , instead of reducing CEO pay , the house burn some of its most financially vulnerable workers .
The succeeder of a caller like Activision Blizzard is determined by year - over - year growth , not total profit . Thus , the near - entire omnipresence of theCall of Dutyfranchise is n’t enough to fulfill the shareowner , since it ’s not selling substantially more copies than last year ’s biz . Even withaggressive microtransactionscoaxing more and more money from customers who already pay at least $ 60 for a game , it ’s not enough to make just as much money as last twelvemonth ’s title . Shareholders want to see sustained growth , which they feel has n’t been happening .
As a result , they seek to punish Bobby Kotick for " failing " in their optic .
Update : A change was made to correct the details palisade Bobby Kotick ’s compensation figures .
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Source : GamesIndustry.biz
