Activision Blizzard CEO Bobby Kotick might receive $15 million if he is fired for no reason, according to an SEC filing that details some of the circumstances of Microsoft’s $68.7 billion purchase of the company.
Under Kotick’s watch, Activision Blizzard got under investigation by California’s Fair Employment and Housing Department for its culture of sexual misconduct.
As a result, Kotick faced numerous calls for his resignation. He agreed to take a pay cut in October in response to the scandals, and said he would forego bonuses until the board sees improvement in company culture. This latest SEC filing shows that if this development materializes, it could buy up to $22 million in stock in July or later.
The document also indicates that the board may extend Kotick’s contract 12 months after its planned March 2023 expiration date. Previously revealed information was that Kotick would leave the company after being swallowed by Microsoft.
The 28-year-old Bosnian superstar and Falcons' entry fragger, NiKo, has secured the 18th spot in…
The 26-year-old Romanian entry fragger and NAVI star, iM, has been named the 19th best…
The 22-year-old Ukrainian support and NAVI star, b1t, has been named the 20th best player…
Entering a restructuring process, BC.Game announced via their X account that they have parted ways…
Entering a restructuring process, BC.Game announced via their X account that they have parted ways…
Sweden-based esports organization NIP has announced that it has parted ways with its female Impact…