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Activision Blizzard CEO to receive $ 200 million bonus

This would be linked to a clause in his contract that rewards him in the event of an increase in the price of the company’s shares. At the same time, Activision will lay off at least fifty employees.

Credit: Activision Blizzard

Bobby Kotick, CEO d ‘Activision Blizzard is expected to soon receive an annual bonus totaling $ 200 million. The annual bonuses for the CEO are not new, and Bobby Kotick receives them each year with already significant sums when this one achieves the objectives of the company. But this year is different from the others. Indeed, 2020 has been a record year for many companies in the gaming world, since millions of people turned to video games when the pandemic hit the globe and forced the population to confine themselves. In addition, the arrival of Call of Duty Warzone just then only increased the value of the company, resulting in an increase in the price of its shares.

Five years ago, a share of the company was worth $ 32, a figure that almost doubled when Warzone arrived since in March 2020, the share was worth $ 56. Since then, that number has continued to increase, reaching a peak of $ 100 last month, before dropping to $ 92 now. There is a clause in Kotick’s contract that he must receive an additional bonus if the share price doubles for more than 90 consecutive days, which is now a done deal. That is why he must receive an additional bonus of $ 200 million.

Ironically, this information is opposed to the fact that Activision Blizzard intends to lay off between 50 to 190 employees. The company is leaving several dozen employees, mainly in the field of e-sport and events. If 2020 was a record year for the sale of games and micro-transactions, there remains a part of the income that could not be generated, mainly linked to physical events, such as e-sport tournaments for example. The laid-off employees will still receive one year of health coverage, three months of compensation and a $ 200 gift card to be used on Battle.net, a far cry from Bobby Kotick’s $ 200 million premium.

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