Considered Too Big, Activision CEO Salary Cut 50%
After being protested by many people, Activision’s management chose to cut the salary of the CEO, Bobby Kotick. The decision to cut this can not be separated from the many complaints of workers and fans.
Furthermore, the number of salary cuts from the CEO is also quite large. How many? Let’s see the following article to the end.
Activision CEO Salary Cuts Up to 50%
According to available information, Kotick will continue to serve as CEO of Activision for the next 2 years. Even so, the salary of Kotick has decreased. This has also been approved by Kotick and his base salary has been reduced by 50%. In addition to his basic salary, some of the bonuses he received also decreased.
Previously, Bobby received a bonus of $ 200 million. After the deduction, Bobby’s base salary was only about $875,000. However, the bonus he gets is 200% of his basic salary. In general, this is not so detrimental to Bobby considering the amount he received is still quite large.
After this cut, Bobby gave no response at all. Even so, Activision’s shareholders were certainly happy after Bobby agreed to a 50% pay cut.
Protests from Fans and Shareholders
Initially, fans and shareholders at Activision thought that the CEO’s salary was too big. This is also quite interesting considering that Activision has laid off several of their employees. In fact, the games that Activision released ended successfully.
After this deduction, fans and employees were so happy that Bobby was no longer receiving an excessive salary. In addition, Activision’s finances are also more secure. Even so, the bonuses that Bobby received were still quite large and it was likely that there would be more protests from the fans.
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