Activision Blizzard CEO Bobby Kotick Gets $7.85 Million Bonus
What, is that all?
According to a GamesIndustry.biz report, Activision Blizzard CEO Bobby Kotick has received a $7.85 million cash bonus for his performance last year. The company's board compensation committee approved the bonus.
That's a very large increase when compared to the $2.5 million bonus he received in 2012, and let's not forget that Kotick's base salary was increased to $2.1 million last year as well. In 2012, Kotick received an 800 percent raise in potential earnings as a result of a new contract, and new stock options gave him up to $64.9 million on top of the salary and bonus.
However, interestingly enough, GMI Ratings corporate-governance consultant Neil Minow has questioned the CEO's recent $7.85 million bonus. He wants to know how the actual figures were determined, but Activision claims Kotick actually could've received even more, based on the company's 2008 incentive plan.
Well, if you earned it, you earned it.
3/11/2014 10:10:04 PM John Shepard