{"id":280109,"date":"2021-06-21T21:43:32","date_gmt":"2021-06-21T18:43:32","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/activision-blizzard-ceo-nabs-155-million-pay-package\/"},"modified":"2021-06-21T21:43:32","modified_gmt":"2021-06-21T18:43:32","slug":"activision-blizzard-ceo-nabs-155-million-pay-package","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/activision-blizzard-ceo-nabs-155-million-pay-package\/","title":{"rendered":"#Activision Blizzard CEO nabs $155 million pay package"},"content":{"rendered":"

“#Activision Blizzard CEO nabs $155 million pay package<\/strong>”<\/p>\n

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Shareholders app<\/a>roved the $155 million pay package for Activision Blizzard Inc Chief Executive Robert Kotick on Monday by a 54 percent margin, after the company took the rare move of delaying its vote on executive compensation by a week.<\/p>\n

The maker of popular video game<\/a>s including \u201cWorld of Warcraft\u201d and \u201cCall of Duty\u201d faced a campaign from an investor group against its CEO\u2019s payout, saying that the company had not addressed its concerns from prior years.<\/p>\n

The investors criticized Activision Blizzard for extending Kotick\u2019s employment contract through 2023, a time period that they say is too short to meaningfully reduce his pay.<\/p>\n

Proxy advisor Institutional Shareholder Services Inc (ISS) had also recommended against Kotick\u2019s pay, calling it \u201coutsized.\u201d<\/p>\n

The vote on Kotick\u2019s pay was originally scheduled for June 14, but the company delayed it to allow investors to fully review changes it made to his compensation. Activision Blizzard said it reduced the maximum possible payout for one of Kotick\u2019s stock awards by 40 percent, increased the amount of shares he must hold and capped other bonuses.<\/p>\n

\"Activision
Activision Blizzard\u2019s healthy stock performance contributed to the decision on the CEO\u2019s remuneration.<\/figcaption>
LightRocket via Getty Images<\/span><\/figcaption><\/figure>\n

\u201cThe additional time shareholders requested allowed them to thoroughly review the facts about Activision Blizzard\u2019s rigorous pay-for-performance compensation practices,\u201d the company said in a statement.<\/p>\n

Activision Blizzard also said its stock performance has been \u201cexceptional.\u201d Executive pay typically is linked to how well a company performs.<\/p>\n

Most companies notch support from nearly all of their investors on their pay. Those that receive low support have said they will make changes to their pay structures, such as drug distributor Cardinal Health.<\/p>\n

\u201cActivision will be expected to make even further changes in response to a vote where 46 percent of shareholders expressed discontent,\u201d said Michael Varner, director of executive compensation research at CtW Investment Group, a union-affiliated fund that led the campaign against Kotick\u2019s pay. \u201cThey will not be able to \u2018rest on their laurels\u2019 solely with the changes they made thus far.\u201d\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Activision Blizzard CEO nabs $155 million pay package” Shareholders approved the $155 million pay package for Activision Blizzard Inc Chief Executive Robert Kotick on Monday by a 54 percent margin, after the company took the rare move of delaying its vote on executive compensation by a week. The maker of popular video games including \u201cWorld…<\/p>\n","protected":false},"author":1,"featured_media":280110,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/06\/sized-robert-kotick.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[109946,5038,71245,95923],"class_list":["post-280109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-6-21-21","tag-call-of-duty","tag-executive-compensation","tag-world-of-warcraft"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/280109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=280109"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/280109\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/280110"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=280109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=280109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=280109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}