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    Activision has been the target of plenty of industry jokes and drama for years now, but one of the most egregious of which--outside of their handling of Blizzard--has been CEO Bobby Kotick's salary. As the boss of Activision, Kotick made $1.75 million dollars annually and further raked in bonuses totalling around $28.5 million in 2019, with his earnings being so sky-high that the CtW Investment Group noticed and took aim at Kotick, saying his earnings were excessive for what he does, and non-profit website As You Sow calling him one of the most overpaid CEOs in the world.

    In what seems to be a form of response to said criticisms, Kotick is facing a paycut of 50% this year. His $1.75 million dollar salary is being reduced to $875,000, while his yearly bonus has been halved as well. The latter of which is an extra payout, dependant on how the company performs throughout the fiscal year. This decision also follows two major incidents of Activision Blizzard laying off staff, with 2019 seeing over 800 employees laid off, and "dozens" being booted as recently as March of this year.

    However, despite the paycut, there are still two points to keep in mind. The first of which is the fact that the CtW has noted that Kotick will be earning a stock bonus this year, worth around $200 million, though the "exact" amount hasn't been fully confirmed by Activision itself. Also, Kotick can raise his pay 200% of the reduced amount, should Activision surpass certain milestones regarding its shareholders. A legal report filed by Activision Blizzard shows that this decision was done as a "result of shareholder feedback", and that because of this, the millions he's making now puts him in "the bottom quartile of the average base salary of CEOs of peer companies".

    :arrow: Source
     
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  2. Discussion (45 replies)

  3. JustJay

    JustJay GBAtemp Maniac
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    He already pocketed that 30 mil from one year so I think somehow he'll survive.
     
    ZipMartin, mathew77, aadz93 and 17 others like this.
  4. Scott_pilgrim

    Scott_pilgrim Unfunny
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    oh no, now he can only buy 5 lambos this month instead of his usual seven
     
  5. Chary

    OP Chary Big cat like
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    That's a lot of money for a guy who signed off on Diablo Immortal...
     
    Ishzark, SonyUSA, RedoLane and 17 others like this.
  6. JonJaded

    JonJaded GBAtemp Fan
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    Good. I bet for what he does, he's still overpayed but I guess it's a good first step.
     
  7. templeofhylia

    templeofhylia homo supreme
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    still not enough, but it does warm my heart knowing that criticizing richies works....kinda. we need more of this energy.
     
    LightBeam, StrayGuitarist and XAIXER like this.
  8. BitMasterPlus

    BitMasterPlus GBAtemp Regular
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    Well, this is good and bad in my eyes. Good that jackasses get their pay cut for doing a shit job and/or being greedy, bad since this could also happen to others who genuinely work hard and deserve the pay. At least in this case it seemed he deserved getting a pay cut.
     
    Jacklack3 and SimisFul like this.
  9. diggeloid

    diggeloid GBAtemp Regular
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    I get it. Board members see the company is doing really good, and since they're not involved in operations they don't know what to attribute that success to, so they just assume Kotick is a gift from heaven and are giving him as much money as possible so he doesn't leave (especially since the video game industry is so volatile)

    After a certain point though, it's got to seem ridiculous to anyone with half a brain. This man ain't worth that much money. I bet they could replace him with anyone else in the executive staff for 10% of that salary, and the company will continue to do as good as always.
     
    MarkDarkness and Axido like this.
  10. Axido

    Axido GBAtemp Maniac
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    I would really like to know which actual work he has done to deserve even a cent more than the average developer, producer or staff member in general (as in the ones that produce the stuff that his company is selling). And if he did make some seriously impacting decisions, I'd like to know whether or not they are worth a dime or if anyone else could have made them (or better ones):

    I know a lot about corporate governance and I still need to figure out what it is exactly that CEOs do that warrant a salary as high as this. And seeing his recent business decisions, I'm pretty sure, any dumbass could do the job better.
     
    Last edited by Axido, Apr 30, 2021
  11. Seliph

    Seliph Best Girl
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    Now they just gotta cut that other 50%
     
  12. AlanJohn

    AlanJohn くたばれ
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    I hope Bobby Kotick invests all his savings into a random crypto that goes down 100x in price overnight.
     
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  13. Jayro

    Jayro MediCat Dev and Gameboy Modder
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    CEOs are a huge waste of company money, and should be a prime candidate to be replaced by a robot for efficiency.
     
  14. Seliph

    Seliph Best Girl
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    Why replace a useless "worker" with a useless robot?

    Just abolish the position altogether and actually let the devs run their business for themselves.
     
  15. the_randomizer

    the_randomizer The Temp's official fox whisperer
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    Aww, that poor CEO, taking a paycut :lol:
     
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  16. Seliph

    Seliph Best Girl
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    [​IMG]
    Here's who I propose to be the new Activision CEO after the workers overthrow Bobby Kotick
     
    smallissue and Xzi like this.
  17. Scott_pilgrim

    Scott_pilgrim Unfunny
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  18. Volttekka

    Volttekka Member
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    While I understand your sentiment, there is usually a good reason for having a CEO, especially one who isn't quite as enmeshed in the current projects. It's mostly to have someone who can see the bigger picture when the folks on the ground level are focusing their attention onto the minutia of the project, as well as to rein in the workers from going overboard. From my personal experience, having limits and constraints actually improves the potential quality of the product, rather than detracting from it, with one good example being The Ren & Stimpy Show having a lot of restrictions set in place by Nickelodeon and Kricfalusi thriving on pushing the limits to their extremes, whereas for Ren & Stimpy "Adult Party Cartoon" Kricfalusi was given a blank check by Spike TV to do whatever he wanted with it, and as a result the show was lacking the wit and subtlety of the original (among many other damning flaws)
     
  19. nero99

    nero99 GBAtemp Psycho!
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    a chief executive officer, the highest-ranking person in a company or other institution, ultimately responsible for making managerial decisions. basically one step below the owner/president of a company who is in charge of making all the big decisions that the owner/president can't be bothered with.
     
    Ottoclav likes this.
  20. Xzi

    Xzi GBAtemp's Resident Plok Expert
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    The problem isn't his pay (though that is ludicrous), it's that he has any power or say over the company at all. It's all about the financials for him, he doesn't have the first fucking clue when it comes to gaming or game development. If anything I'd say he holds disdain for the industry. In that regard, it's surprising that Kotick and Sweeney haven't fallen in love and gotten married yet.
     
    Last edited by Xzi, May 1, 2021
  21. WiiEJECT

    WiiEJECT The One and Only
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    He bought the overpayment DLC.
     
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