Friday, February 3, 2023
No Result
View All Result
Esports Grizzly
  • Home
  • Industry
  • GamesUpdates!
    • Call of Duty
    • CS:GO
    • Dota 2
    • FIFA
    • Hearthstone
    • League of Legends
    • NBA 2K League
    • Overwatch
    • Rocket League
    • StarCraft II
    • Valorant
  • Esports Betting SitesNew
    • Bitcasino Esports Review | Evil Geniuses’ Home Esports Bookmaker
    • Sportsbet.io Esports Review
    • Cloudbet Esports Review | Is Cloudbet Legit?
    • Dogecoin Esports Betting Sites
    • Luckbox Review (2021) – Is Luckbox Esports Safe?
    • Betway Esports Review
    • GG.Bet Esports Review | League of Legends, Dota 2 and CS:GO
    • Rivalry Esports Review
    • Pinnacle Esports Review
  • Blog
  • Newsletter
  • About us
  • Contact
Friday, February 3, 2023
No Result
View All Result
Esports Grizzly
No Result
View All Result

activision-blizzard-logos-in-black-and-white

Image credit: Activision Blizzard

Activision Blizzard’s CEO to Get Millions in Bonuses, Reports Say

in Industry
March 18, 2021
  • According to Kotaku, CtW Investment Group commented that Bobby Kotick will receive a whooping $200 million in bonuses
  • The gaming company just dismissed dozens of workers. Shareholders have previously claimed Kotick is getting disproportionately paid
  • CtW researcher comments that Activision Blizzard’s CEO is unfairly acting with only his own interest in mind

In the wake of dozens of workers’ dismissal, Bobby Kotick, Blizzard’s CEO, may receive as much as $200 million in bonuses.

Bobby Kotick’s Hefty Paycheck and Why People Are Outraged

Activision Blizzard just finished dismissing dozens of people from their posts. Although the initial number was estimated to be around 50, it now reported to be much closer to 200. It was all a part of an internal restructuring process with reorientation towards online events, Tony Pettiti, the company’s president of sports and entertainment, claimed.

The company hasn’t been stranger to cutting down human resources as in recent years they laid off hundreds of employees and even closed their French office.

More on today's Activision Blizzard layoffs:
– Dozens of people at the whole company were impacted, not just in live events
– In addition to 90 days severance and a year of health benefits, laid-off staff received… $200 https://t.co/2AtmAWTUNz gift cardshttps://t.co/lkzUO33kXi

— Jason Schreier (@jasonschreier) March 16, 2021

In the light of that, it is no surprise that when Kotaku reported Activision Blizzard’s CEO Bobby Kotick would be getting $200 million in bonuses, the news left many people suspicious of the intentions behind the company’s actions. Kotaku’s report was based on CtW Investment Group's claims that it specializes in corporate accountability.

Stock Markets Remain Buoyant Throughout Lockdown and Pandemic

Activision Blizzard’s stocks weren’t hindered by the pandemic and have been hitting all-time highs in the recent months, with a share nearing double the price it was in 2020 ($103 per share in February 2021 compared to an average of $56 the previous year). CtW mentioned that the CEO could claim many of the stock-related bonuses and the “shareholder value creation incentive” clause written in his contract.

CtW researcher Michael Varner commended Activision Blizzard on their stock's skyrocketing but still criticized Kotick’s paycheck as “unjustified” and a way to overcompensate himself for past accomplishments.

This isn’t the first time the CEO has been criticized for the huge bonuses as he has been getting $20 million in stocks and option equity for four years now. Moreover, in summer 2020 Activision Blizzard’s shareholders did try and protest against the disproportional monetary compensations Kotick is receiving compared to other companies’ CEOs.

Activision Blizzard did compensate the dismissed workers with healthcare benefits for the current year but still came under attack as one of the compensations given was $200 Battle.net gift cards. Negative opinion on the gift ranged from it being useless to it being borderline offensive.

The big company has been under attack numerous times for the recent years. We have yet to see how the current issues will unfold.

Tags: Activision BlizzardBobby Kotick
Stefan VelikovbyStefan Velikov
Tags: Activision BlizzardBobby Kotick
Home » Activision Blizzard’s CEO to Get Millions in Bonuses, Reports Say
ShareShareTweetShareSend
league-of-legends-clash-between-champions
Blog

Betting on League of Legends: Top 5 Sites to Wager Using Bitcoin

by Papa Bear
September 15, 2022

Few games have captured the hearts of the wider audiences quite like Riot Games’ masterpiece League of Legends has. The...

Read more
overwatch-female-characters
Opinion

Women in Esports: How Esports Are Moving Towards a More Inclusive Future

by Stefan Velikov
October 25, 2021

Gaming has long been regarded as something reserved for nerdy boys. As times change women join in on the fun...

Read more
v-bucks-currency-in-fortnite
Blog

Bitcoin Esports: Best Crypto Esports Betting Sites

by Alexander Todorov
January 23, 2022

Bitcoin esports betting is on the rise. The idea of placing wagers on your favorite esports teams is an experience...

Read more

Latest and Popular

ludwig-streamer-01
Industry

Ludwig Is the New Co-owner of Moist Esports

by Stefan Velikov
January 27, 2023
Riot Games' headquarters.
Industry

Riot Might Be on the Cusp of a Huge Employee Layoff

by Stefan Velikov
January 20, 2023
blizzard-company-official-logo
Industry

Blizzard Is Leaving China after NetEase Denied Contract Extension

by Stefan Velikov
January 19, 2023
The Eiffel Tower in Paris, France.
Industry

France Wants to Create a Strong “National Esports Ecosystem”

by Stefan Velikov
January 18, 2023

Next Post
league-of-legends-wild-rift-esl-premiership

Wild Rift Becomes the First Mobile Game Featured by ESL Premiership

eSports Grizzly Mobile Dark
eSports Grizzly Mobile Dark

Content Categories

  • Blog
  • Call of Duty
  • College Esports
  • Consoles
  • Cosplay
  • Counter Strike
  • DOTA 2
  • FGC
  • Fortnite
  • Gaming
  • Halo
  • Hearthstone
  • Industry
  • League of Legends
  • Mobile Legends
  • News
  • Opinion
  • Overwatch
  • Popular
  • PUBG
  • Q&A
  • Rainbow Six Siege
  • Rocket League
  • Streamers
  • Uncategorized
  • Valorant

Recent Posts

  • Entropiq Reveals Their Revamped CS:GO Roster
  • Cloud9 Defeat ENCE And Secure a Spot at IEM Katowice Group Stage
  • Apex London Now Has a Detailed Covid Plan

About Esports Grizzly

We bring you the best Premium esports content from around the globe.

Our FREE weekly newsletter

Keep in the loop with our minimalist weekly newsletter. Subscribe today!

GET IN TOUCH

Esports Grizzly reports on the latest industry and gaming intelligence, Want to pitch in? Get in touch!

  • Home
  • About us
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions
  • Contact

© 2021 Esports Grizzly - Your daily BITE of global esports

No Result
View All Result
  • Home
  • Industry
  • Games
    • Call of Duty
    • CS:GO
    • Dota 2
    • FIFA
    • Hearthstone
    • League of Legends
    • NBA 2K League
    • Overwatch
    • Rocket League
    • StarCraft II
    • Valorant
  • Esports Betting Sites
    • Bitcasino Esports Review | Evil Geniuses’ Home Esports Bookmaker
    • Sportsbet.io Esports Review
    • Cloudbet Esports Review | Is Cloudbet Legit?
    • Dogecoin Esports Betting Sites
    • Luckbox Review (2021) – Is Luckbox Esports Safe?
    • Betway Esports Review
    • GG.Bet Esports Review | League of Legends, Dota 2 and CS:GO
    • Rivalry Esports Review
    • Pinnacle Esports Review
  • Blog
  • Newsletter
  • About us
  • Contact

© 2021 Esports Grizzly - Your daily BITE of global esports

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.