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Bloomberg: Activision’s CEO Is Looking at $375 Million Payday in Microsoft Sale

GlamPrime

GlamPrime

Banned
Nov 1, 2021
1,210
"That's the amount the video-game executive stands to receive before taxes when Microsoft Corp. completes its $68.7 billion deal to buy Activision. It's a remarkable payout for a leader whose recent tenure has been marked by employee complaints over sexism, a hostile work culture and mismanagement of assault claims."

Source: https://www.bloomberg.com/news/arti...oking-at-375-million-payday-in-microsoft-sale

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Liliana

Liliana

Banned
Oct 28, 2017
3,375
NYC
On one hand, fuck this piece of shit. On the other, you have to be foolish to think he'd leave without some sort of golden parachute. He was always gonna get paid.
 
bananas

bananas

Prophet of Truth
Member
Oct 25, 2017
2,863
That's because he owns a lot of the stock. They're paying $95 per share of stock. They're not paying him in addition to the ABK purchase.
 
Duxxy3

Duxxy3

Member
Oct 27, 2017
21,783
USA
Short of him dying before the sale he was always going to get a massive payout. He owns a lot of stock in the company.

edit: It's a lot of money, but at least he'll be fucking gone. It's one more step towards fixing ABK.
 

thefryguy

Member
Apr 8, 2019
209
You know, I need to keep hearing that these executives are so free of consequences. Even in the most chaotic environments like he has allowed, I am still quite shocked that this is the outcome for him. Nice golden parachute. Meanwhile, he's leaving the company and shambles. You think the job of the CEO, and their payouts would be remotely tied to something other than profitability.
 
Damaniel

Damaniel

The Fallen
Oct 27, 2017
6,539
Portland, OR
He was getting paid no matter what, and even if he was fired for cause, he'd sue and probably win. At least he'll be gone - and there was no way he was getting pushed out of Activision any other way.
 
LakeEarth

LakeEarth

Member
Oct 27, 2017
8,181
Ontario
thefryguy said:
You know, I need to keep hearing that these executives are so free of consequences. Even in the most chaotic environments like he has allowed, I am still quite shocked that this is the outcome for him. Nice golden parachute. Meanwhile, he's leaving the company and shambles. You think the job of the CEO, and their payouts would be remotely tied to something other than profitability.
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CEOs get golden parachutes even without profitability. CEOs have joined successful companies, set it on fire, and get tens of million dollar bonuses as everyone else loses their jobs.
 
Fall Damage

Fall Damage

Member
Oct 31, 2017
2,062
More money probably isn't as important to him as staying in control of Activision Blizzard. I bet he would gladly give that money up to retain his position.
 
Euler007

Euler007

Member
Jan 10, 2018
5,045
My buddy kept texting me with messages about how Phil Spencer saved the ATVI employees by kicking out Bobby Koticks. My reply was that ATVI's problem goes beyond just one person, and that he's probably getting a huge golden parachute. Didn't think it'd be that big.
 
BringBackSonics

BringBackSonics

Member
Oct 27, 2017
45,313
Seattle
GlamPrime said:
"That's the amount the video-game executive stands to receive before taxes when Microsoft Corp. completes its $68.7 billion deal to buy Activision. It's a remarkable payout for a leader whose recent tenure has been marked by employee complaints over sexism, a hostile work culture and mismanagement of assault claims."

Source: https://www.bloomberg.com/news/arti...oking-at-375-million-payday-in-microsoft-sale

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Sucks, but the guy was going to get a ridiculous pay day one way or another.
 
Liliana

Liliana

Banned
Oct 28, 2017
3,375
NYC
Euler007 said:
My buddy kept texting me with messages about how Phil Spencer saved the ATVI employees by kicking out Bobby Koticks. My reply was that ATVI's problem goes beyond just one person, and that he's probably getting a huge golden parachute. Didn't think it'd be that big.
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Technically, you're both correct.
 
sangreal

sangreal

Banned
Oct 25, 2017
10,890
Less than I expected, to be honest. Surely this is excluding his nearly $300MM for being sent packing after an acquisition

e: this is just his 4 million shares @ 95$/share
 
Vonocourt

Vonocourt

Member
Oct 25, 2017
10,630
I mean, he owned a lot of stock, it's not like Microsoft could just not pay him.

It sucks, but it's the reality of the situation.
 
Rhaknar

Rhaknar

Member
Oct 26, 2017
42,654
Its funny (or depressing) that not only did everyone know this but most people even called "around 300mil golden parachute"
 
Zok310

Zok310

Member
Oct 25, 2017
4,636
That's the society we live in, treat folks like shit and literally gets richer, it never fails. I aint even mad.
 
Cogg

Cogg

Prophet of Truth
Member
Oct 27, 2017
1,158
Yeah, that's nauseating to think of. Best thing is to not even acknowledge this prick anymore at this point.
 
entremet

entremet

You wouldn't toast a NES cartridge
Member
Oct 26, 2017
60,242
nhlducks35 said:
well yeah he owns a ton of stock because he's CEO
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I get that he was paid in stock, but Bobby Kotick was there from the beginning. He basically helped transform Activision from a small rag tag group of former Atari Devs, to what it is today. He accumulated tons of stock in the process.
 
Pocky4Th3Win

Pocky4Th3Win

Member
Oct 31, 2017
4,111
Minnesota
This is how Nadella is helping out his boy. CEOs gotta watch out for each other. They could have offered less and gotten it approved considering the trajectory of the companies stock and outlook.
 
number8888

number8888

Member
Oct 27, 2017
1,015
He's scum, but at he's also responsible for getting Activision to where they are today. That's just how it works.

Other than resigning or get kicked out by the board, this is pretty much the only way to get rid of him.
 
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