Activision Blizzard chief executive officer Bobby Kotick has received a $7.85 million cash bonus for his performance last year, authorised by the company's board compensation committee.
Reported on GamesIndustry, the bonus marks a large increase from Kotick's $2.5 million bonus granted in 2012. The Activision Blizzard CEO's base salary was also increased to $2.1 million last year.
The announcement follows on from recent news of chief operating officer Thomas Tippl receiving a raise, bringing his annual base salary to $1.25 million. In 2012, Kotick saw an 800 percent raise in potential earnings as a result of a new contract. New stock options granted the executive up to $64.9 million extra in the bank.
According to the report, GMI Ratings corporate-governance consultant Nell Minow questioned how Kotick's compensation figure was calculated, calling for more transparency on how the figures were determined. Today Activision responded that Kotick could have been awarded more, according to the company's 2008 incentive plan.
You need a javascript enabled browser to watch videos.
Click To Unmute
GS News - Kotick: Easy decision to fire Infinity Ward devs
How Alan Wake II Made Me Face My Fear of Horror Games
GameSpot's Top 10 Games of 2023Thompson: The Pop Culture Icon’s Strange Legacy - LoadoutFirearms Expert’s FAVORITE Weapons Of 2023State Of Gaming Handhelds In 2023How Lies of P Cracked the Souls GenreGS News Update: New Fortnite Battle Pass DetailedGS News Update: Star Wars: Battlefront 2 Underperforms, Microtransactions Coming BackGS News Update: Metal Gear Survive Requires Constant Internet Connection, Has MicrotransactionsBattlefield: Bad Company 3 Rumors Surface - GS News RoundupRed Dead Redemption 2 Mission Discovered In GTA Online?! - GS News RoundupPUBG Xbox One Performance Issues - GS News Roundup
Share
LinkEmbed
Size:640 × 360480 × 270
Start at: End at: Autoplay Loop
Want us to remember this setting for all your devices?
Sign up or Sign in now!
Please use a html5 video capable browser to watch videos.
This video has an invalid file format.
00:00:00
HTML5
Auto HD High Low
Report a problem
Sorry, but you can't access this content!
By clicking 'enter', you agree to GameSpot's
Terms of Use and Privacy Policy
enter