Activision Blizzard coach will earn a lot of money

Activision Blizzard coach will earn a lot of money

President Activision BlizzardBobby Kotick, a huge amount of money as a result of Microsoft’s acquisition of the publisher. The deal will be completed by June 30, 2023 and the CEO will earn more than $350 million due to his stakes in the company.

According to the US Securities and Exchange Commission, which discloses information about investors and the company’s shares, Kotick owned 3,908,698 shares of Activision Blizzard. They are priced at $95 each with a total number of shares of $371,325,310.

Bobby Kotik, current CEO of Activision Blizzard

Until the acquisition is complete, Microsoft has confirmed that Kotick will remain the publisher’s CEO. The new owner hasn’t said anything else if she plans to keep him in the position beyond 2023, but according to the SEC (U.S. Securities and Exchange Commission) document, if he is fired by December 2020, he will get $292 million thanks to the contractual terms. It is not known what the current values ​​are.

Although this is a large amount, Microsoft paid $70 billion to the company. That is, the Activision Blizzard Chairman’s shares are equivalent to “only” 5% of that top prize.

Controversies involving the head of Activision Blizzard

Despite controversies over sexual harassment Include Activision CEO name, the company was undergoing a process of revamping the work environment. It was recently confirmed that about 40 employees have been laid off after investigations. know more!

See also  Pixel 6 and 6 Pro: Google releases feature-rich videos on new phones

You May Also Like

About the Author: Osmond Blake

"Web geek. Wannabe thinker. Reader. Freelance travel evangelist. Pop culture aficionado. Certified music scholar."

Leave a Reply

Your email address will not be published.