Activision Blizzard CEO Bobby Kotick receives $7.85 million bonus

Activision board compensation committee authorises bonus awarded to Kotick for 2013 performance.

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.

Zorine Te is an associate editor at GameSpot, and you can follow her on Twitter @ztharli
Got a news tip or want to contact us directly? Email news@gamespot.com

Written By

Zorine “harli” Te is a long time Australian competitive gamer and also an Associate Editor at GameSpot.

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Discussion

228 comments
kukumav
kukumav

all the money in the world won't fix that face

isshiah
isshiah

I am ever so happy about this news. Rich people getting richer just makes my damn day.


*grits teeth*

dethtrain
dethtrain

I love how gamespot constantly uses that douchebag head shot when ever there's an article about him. 

ramze33
ramze33

Yeah, and the profits since 2011 have actually went DOWN... Great work, you haven't generated growth, but hey, you got mad skills so let's give you a raise! And to help pay for it, let's layoff workers. But... what about the games, I mean, we have to make them with employees, is he even able to understand programs and coding, or making up for the work of 100+ ppl? Well, it doesn't really matter, does it?

Doomy
Doomy

Please we do not want to know about some xxxxxx getting 8M$ while most ppl work as hard as this... person... and earn 1/100 of this.... Give us some gaming news, but keep those stupidities for you. Ppl die of hunger while Mr 8M$stupidsmile gets milions of bonus. we just don't wanna know this. thx.


Trender_man
Trender_man

i hear that bibles combust when he touches them

CDNkilljoy
CDNkilljoy

He looks like if an alien came to earth and transformed into a human to blend in but didn't quite know what humans looked like.

enoslives7
enoslives7

He looks like a fatass woodchuck. Another reason to boycott Acti-Blizzard.

Jjinne
Jjinne

But in 2012 the company layed off 600 workers, and 30 already confirmed layoffs in 2013? Wow. Heh.

4love10
4love10

overpay douchbag..thanks for the stupid gamers who buy they 156$ CE games

lady_galaga
lady_galaga

Everything about that man's face is wrong.

TheJamin
TheJamin

But should of received an acid enema..

blackothh
blackothh

At least I have not contributed a dime to this overpaid idiot.

sadface1234
sadface1234

Yeah in the US and also the rest of the "western" world have a problem with CEO to average salary ratio, yet in the the US the problem is much worse.  In 2013 in the US the average CEO salary is 354 higher than the average worker, Canada is the 2nd worse at 204 times more followed by Switzerland at 148 times larger. Yet the reason why US's ratio is so high compared to the 2nd and 3rd largest is because their average worker's salary is so low (34k in US compared to 50k in Switzerland and its not exchange rate...).  In the last 2 years the average CEO for a S&P 500 company was paid $5,894 an hour equivalent....


This is recent problem that grows exponentially as in 1990 the ratio was only 84 to 1 and in 1980 42 to 1... Are we really putting strategic vision over the hard work work that actually goes into the success of the company? Obvious anwser is YES, but when a worker doesnt perform they get fired and get paid crap. Yet CEOs still get paid a CRAP ton when their strategic vision was bull and the company fails (i.e Hank Mckinnell 198 million for a 40% stock drop over 5 years, Rick fuld in top 25 paid CEO list for 8 years running then Lehman brothers had largest bankruptcy in history, oh and lets not forget Sanford Weill who was paid 1.5 billion who in my opinion was one of the major causes for the 2009 financial crisis... I can go on).  Granted more and more CEO compensation is being based on performance, it is still bull and they get paid too much for what they do. 


This is why I am so conflicted, as the only real solve is government regulation but then you go down a slippery slope... yet that may not solve anything as the government is corrupted mainly by the people who the regulations would  control. No I am not a conspiracy nut, if you don't think their is corruption in the government through campaign donations, etc. then your are naive and/or ignorant.

ThePlantain
ThePlantain

can't be mad at the guy...he brings in serious $$$ for Activision

DarkJedi8_basic
DarkJedi8_basic

Although he does look like he should be working at Gringot's.

grenadehh
grenadehh

Can someone fire this asshole now? No CEO should ever be getting a bonus that high unless 80% of it is mandatory donation to charity before it gets in their bank account. I thought we learned this from the Tyco/Enron/WorldCom/bullshit era. Like, the board? 

daikkenaurora12
daikkenaurora12

While the programmers, designers and testers get nothing.  Its not like they created the games that Blizzard sells.

Suaron_x
Suaron_x

Excluding his regular salary, when you look at the $7.85 MIL Bonus and you estimate that the average employee makes $70 K/yr, that amounts to 112 employees/positions.  The decisions of a CEO can affect your bottom line, but that bonus could have funded at least one more game product from Activision Blizzard.  When you look at the types of decisions CEOs make while working on their golf handicaps...it makes these types of bonus' seem, well asinine.  

Anigmar
Anigmar

Do they post this kind of news to make him look even more despicable? I mean, the picture, the insane bonus...

Triton
Triton

Nice F-ing bonus.

LJNkickstarter
LJNkickstarter

Ah well all of that money will go to his hair anyway.

Damnation_6
Damnation_6

Bad Activision! Bad! Fire him dont give him a bonus.

urstupd
urstupd

I MISS NINTENDO AND SEGA!

Suaron_x
Suaron_x

In tomorrow's news, Activision Blizzard lays off several hundred employees and closes down an announced project.

dmblum1799
dmblum1799

I about Activision stock about two years ago - it was a bit over 12. Now it's over 20, so it has made shareholders a very strong return.


But this seems excessive and shareholders should be leery. It is a small company and this is peanuts to the ridiculous bonuses compared to what the CEOs in the financial industry get. That doesn't make it good for the company.

noirtenshin
noirtenshin

rofl he looks like an Alien (wearing a human face) in that picture :)

gamingnerd121
gamingnerd121

That's a lot of money, considering the deal they had to make with Vivendi.

SteamyPotatoes
SteamyPotatoes

Well deserved , a pioneer in the gaming industry, interested in Activision's future ventures.

berserker66666
berserker66666

He's getting rewarded by making repetitive and boring CoD games. Good freaking job.

qtmew
qtmew

That is one expensive map DLC.

lady_galaga
lady_galaga

That would genuinely scare children. And I mean just staring from the breakfast table, not necessarily peeking out from a dark closet.

ACMC85
ACMC85

@sadface1234 I thought the number was 500 times, but guess that was before the financial crisis.

sadface1234
sadface1234

@grenadehh  Sorry you logic confuses the crap out of me. I don't see how embezzlement by executives of failing companies equates to a large bonus to a CEO of a successful company?  He is being paid too much, yet he is not the problem. US corporate culture and fraternal nature is the problem...

orbit991
orbit991

@coaltango Oh they spend it, they just dont want you to make a dime when your selling to them.

Damnation_6
Damnation_6

@urstupd Beeing Jewish has nothing to do with it. Do you even know the origin of that stereotype?

Jews where not allowed in guilds back in the day in Europe. The jobs that did not have a guild where lens grinding and BANKING. Jews also didnt have a problem with asking an interest for their loans, something which was not done for Christians (and Muslims) back in the day.

So it's no wonder the jews became big in the banking world, it's Europes (and probably America's) own damn fault if you're gonna go by the logic you're going with

grenadehh
grenadehh

@dmblum1799  Activision a small company? Compared to Google or MS or Apple maybe, but in the gaming industry they're the biggest company there is along with EA.

Slim_Lyrics
Slim_Lyrics

@berserker66666  He's getting rewarded because that repetitive and boring COD is still being supported by it's die-hard and dedicated fan base and making money for his company.

ACMC85
ACMC85

@sadface1234 @grenadehhYou are absolutely correct, it's the fact they are all too cozy with each other and don't understand the workers way down on the line, with their studios constantly under threat of closure.

orbit991
orbit991

@Damnation_6 @urstupdYea, well, get into sales near some Jewish folks and I'll show you the current origin of that "stereotype".

dmblum1799
dmblum1799

@grenadehh @dmblum1799  


If you're investing in Big cap companies - which is what I do for security - it's a very small company compared to GE or Apple. I don't recommend investing in game companies - it's not a good idea. But Blizzard and COD have turned a good profit.