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http://kotaku.com/activisions-boss-got-an-800-raise-and-a-watchdog-doe-483773785
"Activision has a lot of money. Bobby Kotick has fat stacks, too. The publisher's CEO saw his total cash-and-prizes compensation jump from $8.1 million in 2011 to $64.9 million in 2012, reports Bloomberg, a figure that would make him the second-highest paid CEO among publicly traded U.S. companies.
Kotick is due for another $16 million if the company hits performance targets, too. The bulk of his compensation came in the form of stock awards valued at $55.9 million. (Though they vest over the next five years, Activision is required to report them all at once, now.) The cash salary he got was roughly the same as always, $8.33 million."
How about reinvesting some of that money back into the company instead of feeding that fat double-chin of his? Sorry, but this kind of thing makes me so angry. Rarely does anyone actually deserve to be making this kind of money, not to mention the fact that no one could spend this much money in one lifetime. Has Kotick actually made any innovations, or did he just figure out how to turn it into a money machine?
It makes me sad that Blizzard got into bed with these guys.
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Hate the guy too, but activision is making mad bank through CoD and Skylander and shit. You can't say they don't know how to milk people for cash, because they clearly do.
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So. Wrong. Right? I don't understand how this much wealth is still filtering its way up. There are certainly people more deserving of this money that could be re-distributed to the company. Unless Bobby Kotick does it all himself. How many people must they staff? Designers, programers, etc.
In all fairness, I don't know much about this guy's background. Going to his wikipedia page.
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Due to how vesting tranches work I highly doubt he will actually receive that much at the end in cash.
Man I hate American annual reports. Reading their remuneration report is a pain in the ass.
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On April 28 2013 14:29 Juicyfruit wrote:
Hate the guy too, but activision is making mad bank through CoD and Skylander and shit. You can't say they don't know how to milk people for cash, because they clearly do.
It's not the cash coming in that bothers me. It's that a good deal of that money is going to a sole individual rather than the rest of the company. Call me a socialist or a liberal, if you will...but goddamn.
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Gamer logic: We hate Kotick? Better bend over and let him take our wallets and life savings to make him look good.
I don't get some people sometimes...
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He doesn't receive all that in cash its most shares since he bought a portion of Activision back then, still ridiculous. Everyone hates him but hes loaded what can you do capitalism at its best.
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You do not have to be a communist, socialist, or even a social democrat to see the problem with this...
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Well if the money is mainly stock worth I don't see why people are thinking he's gobbling up money from the other ranks (at least in terms of making games. Could probably distrubute that to lots of other employees though..).
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On April 28 2013 14:32 Tatari wrote:
Gamer logic: We hate Kotick? Better bend over and let him take our wallets and life savings to make him look good.
I don't get some people sometimes...
What are you implying? That we hate him but still buy his games? Well, that's the rub. I don't play CoD but I happen to think SC2 is a pretty fantastic product (campaign notwithstanding). For those people that do enjoy other activision games, I can't speak for them.
With that said, do the people buying these games actually support this guy? Does this guy really deserve (and I"m exaggerating) 50% of every game bought? Just because he owns the means of distribution and the company...ergh...I still don't know enough about him and his history with Activision.
The biggest thing I take objection to though is more of a fundamental belief that there are too few people in this world right now with too much of the resources. Sigh.
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Meanwhile Activision developers are struggling to make a living...
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On April 28 2013 14:36 sluggaslamoo wrote:
Meanwhile Activision developers are struggling to make a living...
See that's what I'm trying to figure out. What are their salaries? Does this man really deserve all fo that compensation? Shouldn't it go to the people actually doing the work?
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How is the rest of Activision being compensated? Is everyone getting rich?
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Damn. And to think in comparison, the job of Prime Minister of Australia only gets 1/3 of a million per year. 64 mill is a lot of money for one year's work for one individual.
I hope the rest of the people in the company knows this and have also received appropriate raises.
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On April 28 2013 14:35 DannyJ wrote:
Well if the money is mainly stock worth I don't see why people are thinking he's gobbling up money from the other ranks.
It depends. For a company like Activision, stock is actually worth more a lot than cash, you don't get taxed as much when you convert it to cash and it doesn't depreciate like cash does.
Its actually not hard to sell company shares and get in cash, exactly what its worth in value. So really he did get 55 million dollars.
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It vests over 5 years and its stock based awards. That is roughly 10 mill variable pay per year without NPV taking effect. Hardly the sensationalist 800% raise.
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On April 28 2013 14:40 Chairman Ray wrote:
How is the rest of Activision being compensated? Is everyone getting rich?
Are you new to capitalism?
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On April 28 2013 14:40 yandere991 wrote:
It vests over 5 years and its stock based awards. That is roughly 10 mill variable pay per year without NPV taking effect. Hardly the sensationalist 800% raise.
but....but...but...then we can't get our pitchforks!
ITT: People who don't fully grasp economics and business
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What does he even do? Like if his job were to suddenly not exist, does the end product not get made and sold?
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EPT
