Activision exec gets raise to $1.25 million, bonuses of millions more

COO Thomas Tippl eligible for annual bonus of $1.875 million and stock valued at $6 million, plus $2 million from bonus previously awarded to him.

Activision Blizzard chief operating officer Thomas Tippl has gotten a raise. SEC documents from the Call of Duty publisher filed last week reveal that as part of a contract extension, Tippl's annual base salary has risen to $1.25 million from $885,000 when he was originally promoted to COO in 2010.

"Mr. Tippl has demonstrated excellence in his role as Chief Operating Officer, successfully overseeing Activision Publishing’s and Blizzard Entertainment’s operational activities, as well as the Company’s Strategic Planning, Global Sales and Supply Chain, Legal, and Human Resources departments," Activision said.

Tippl stands to make much more than $1.25 million per year.

His new arrangement makes him eligible for an annual bonus with a target amount of 150 percent of his base salary, or $1.875 million. On top of this, Tippl will receive a full payment of the remaining $2 million portion of the discretionary bonus awarded to him in March 2013 on or before January 30, 2014.

Thirdly, Tippl will receive $6 million worth of Activision Blizzard shares on February 10, as well as three separate performance-vesting share units. These units, valued at millions of dollars each, are contingent upon Activision Blizzard meeting or exceeding non-GAAP earnings per share objectives.

Tippl's amended arrangement with Activision now sees his contract expire at the end of April 2016, rather than April 2014. The new agreement also eliminates Activision Blizzard's right to terminate Tipply in the case of "performance deficiency," though the company still has the option to fire him for "cause."

Tippl joined Activision as CFO of Activision Publishing in October 2005 and has held a number of executive positions at the company. Before joining Activision, he worked as head of investor relations and shareholder services at The Procter & Gamble Company. He has a master's degree in economics and social sciences from the Vienna University of Economics and Business Administration.

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Discussion

92 comments
tightwad34
tightwad34

I just hope he's not evil. Evil people don't deserve to be paid, especially lots of money. But unfortunately that's not the way the world works. You gotta step on a hand to get the upper one. Fucking sad but true.

MonocleOwl
MonocleOwl

Yes, the world is unfair, but we made it that way. And worse still, we are keeping it that way.

Triton
Triton

It's good to be the King.
 At least he is not one millionaire passing or catching a ball from another millionaire...

nurnberg
nurnberg

IMO the workers working their asses off on developing games deserve the bonuses, instead of a single guy.

n0xinab0x
n0xinab0x

Do as that man does, and become a winner.

poomonger613
poomonger613

big whoop, I know doctors that make more than that a year

deadpen
deadpen

Next week remember this article cause there will be one about layoffs soon.

hadlee73
hadlee73

Looks like I contributed $10 a year to those earnings (the most I will pay for a COD game).

Xx_DemonSoul_xX
Xx_DemonSoul_xX

It's amazing how you can come up with a cookie-cutter game, change a few things every year, add new maps, and make millions. Ted Turner was asked how he became a billionaire. His response: people are stupid and will buy anything.

pupp3t_mast3r
pupp3t_mast3r

The thing is it's not just him, almost all CEO's get ridiculous amounts each year and in contracts that basically prevent them from getting fired unless they're willing to resign. Have a look at the CEO's from Zynga and EA.

Darkangel2154
Darkangel2154

IF... only he would be so kind to put this back into the games and the people that make them. Just think!! COD might not be a copy and paste game anymore, and might not have as much lag issues.

beuneus12
beuneus12

guess COD ghost sales were still above expectations. More milkage to come!

thorn3000
thorn3000

guess who paid for that, yes, you did

Buck_Swaggler
Buck_Swaggler

I would think was bullshit... but pro athletes

quakke
quakke

Yet they are still cheap enough to not care for their CoD fans by rehashing the same old idtech3 game-engine instead of making a new one..


I'm glad that i never got hooked on CoD because i never liked it nor even approved it in the firstplace.

Richardthe3rd
Richardthe3rd

Dear CoD fans:

This is an example of getting what you pay for. Please don't complain; this man ensures you get a fresh copy of the same game every year that you can buy for $60.00.

Angry words won't replace your enamored actions. You love him, and he loves you too!

frylock1987
frylock1987

Must be nice to make millions of dollars to just sit there in a suit by your desk and answering phone calls while killing hookers on the side and then get a raise of another million dollars.
 

I hope this dude gets robbed and ass raped.

sgt_hunter
sgt_hunter

Hes gonna make even more when Hearthstone goes open beta. 

ACMC85
ACMC85

DO we really know if he's a bad guy? The company has been making tons of money and it has to go somewhere, this is how our system works, he's not going to say no to it. You'd be slapped silly if you said no to it.

hikaruai
hikaruai

how bout this, he doesn't take the bonus he doesn't deserve since he already makes almost a million a year and he uses the money for raises for the artists who are actually doing all the work...

Stiler
Stiler

I wish I would get a FOUR HUNDRED THOUSAND dollar raise in just 4 years. 



StHapns247
StHapns247

Good thing America use "trickle-down economics". I'm sure all money will go to those who deserve in time.

nl_skipper
nl_skipper

Wait wait.. this guy has a masters in economics and social sciences lol wow, talk about a lucky break!

nl_skipper
nl_skipper

Not bad, not bad, I'll still never understand how a company deems one single person worthy of so much though, while many of the hard working lower tier people are under paid...hmmm,  that's life I guess!

Riddick123
Riddick123

I am sure his developers and artists would like to get raises too.  They need to do an Episode of Undercover Boss with him.

Shango4
Shango4

Thats excellent for him.

fester420
fester420

Meanwhile, the people who do all the work get their same old paycheck.

shadow580
shadow580

@quakke The game has to run on the Xbox 360 and PS3 in 60 fps and it's impossible to make any sort of graphical improvements on those systems. The engine doesn't resemble the original one AT ALL by now. If you had paid attention they added a bunch of stuff for the Xbox One, PS4 and PC version. Stop repeating this old nonsense because there are a lot better ways to criticize Activision if you want. If you didn't like the game in the first place then the game just isn't for you and any sort of engine switching wouldn't even matter.

quakke
quakke

@Richardthe3rd 

And it won't change because talking about it is the same as talking about chess to a five year old. They don't know how it works until someone teaches them. Which brings me to my next thing. Please. Someone teach those kids to know that it's the same game over and over, and by not buying it, Activision has to release an actual new game. Once this happens, i can finally start having my games once again. Games i enjoy. Games like Unreal Tournament or DOOM that are completely missing nowadays because everyone is aping CoD. Once CoD changes, it won't be the "top dog" anymore and that's when someone brings something different and then someone also gonna FINALLY resurrect old school FPS alá DOOM/DUKE NUKEM: 3D.


Strange cycle, isn't it?

PlatinumPaladin
PlatinumPaladin

@Vidpci  It's not about how much work a person does. (If it was I'd be one of the most highly paid people where I work.) People get paid as compensation for the responsibilities they own. At the end of the day if the company went under then it's suits like "Tipply" that would be on the line to explain to shareholders how they lost their millions upon millions of dollars.

thorn3000
thorn3000

@ACMC85then again, do they have internal employees who could do the job almost equally well if not better...but would do it with a far lower salary? I said they do

Triton
Triton

@hikaruaiOr the millionaire sports types paying out to all the folks that work at their venue that make the fans happy to come see them. - Will never happen.

hikaruai
hikaruai

oh how silly of me, that would mean trickle down economics actually works...

thorn3000
thorn3000

@Stilerwell I got round two thousand in 2 years...now just have to towards the 398 thousands for the next 2 years...

noladem504
noladem504

@StHapns247 

Yes because we all know how America is the world leader in poverty.....lol

Keithy211
Keithy211

@nl_skipper like greg street, he was a marine biologist and became top dog of Blizzard Entertainment...well, "was".

ACMC85
ACMC85

@nl_skipperLOL, that's the first time I heard anyone with those degrees make real money.

quakke
quakke

@shadow580@quakke 

The hell you fanboy are mumbling?

Any game shouldn't freaking rehash a game for longer than a year max. This monster has rehashed Call of Duty for a decade now and it has affected every single AAA game of the videogame industry. So if it has ruined my favorite hobby, then i pretty darn sure will be here talking about it.

Brakkyn
Brakkyn

@quakke@Richardthe3rd Or, it could backfire, and they abandon the IP altogether, and instead of something new, you get nothing at all.  Most people would rather have something, I'd think.

nl_skipper
nl_skipper

@hikaruai That'd be a classy move on par with Keanu Reeves paying the CGI artists from The Matrix out of his personal pay cheque... so yea, it wouldn't happen...

thorn3000
thorn3000

@noladem504in poverty no, in inequality? Brazil and Russia are still leading, but hot damn, America is among the leaders in the world concerning inequality as the wall street sharks are living off a lot of peoples livehoods...

quakke
quakke

@Brakkyn@quakke@Richardthe3rd 

Are you talking about Activision axing CoD for it not selling at all? That sure would be the happiest day for me in ages.

Most people could deal with this because they've had their yearly CoD's for a decade now. I haven't had much more than constantly changing 0-2 good games a year.

thorn3000
thorn3000

@nl_skipperand he should, we will not build a Star Trek universe wanting to have everything ourselves

Keithy211
Keithy211

@nl_skipper@hikaruai Keanu also gave up most of his salary to al pacino for the movie "The Devil's Advocate" because Al wouldn't take the salary he was going to get....keanu is a cool dude in my book.