News Activision Blizzard CEO gets $200M payout following recent layoffs

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It seems Activision Blizzard CEO Bobby Kotick is about to get even richer. In a new report from investor firm CtW Investment Group, the company alleges that Kotick is set to receive a $200 million payout after the recent round of layoffs the company just went through. While not directly correlated to those layoffs, the bonus is linked to a "Shareholder Value Creation Incentive" provision within Kotick's employment agreement.

As CtW purports that Kotick has utilized a loophole within this provision that has allowed him to receive a full performance equity payout from previous years regardless of whether or not Activision Blizzard actually reached specific sales milestones. Since the company has seen substantial financial growth over the last few years thanks to the laying off of 800 employees in 2019 and 190 just yesterday, Kotick is poised to earn cash rewards dating back to 2017.

 

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