Activision CEO Bobby Kotick still gets paid way too much, investment group says

In June 2023, CtW Investment Group, which “works with union-sponsored pension funds to enhance long-term stockholder value,” called on Activision shareholders to vote against a proposed compensation package for CEO Bobby Kotick. Kotick had received nearly $100 million in combined stock and options rewards alone, executive director Dieter Waizenegger said at the time, an amount that has “consistently been larger than the total pay (the sum of base salary, annual bonus, and equity pay) of CEO peers at similar companies.”

(Not that CtW was especially enamored with Activision’s competitors: It made a similar complaint about Electronic Arts a month later. The Activision bid failed, but shareholders actually rejected the proposed pay packages for EA executives.)

PCGamer latest

Source link

Related Post: