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Investors Still Think Activision CEO Bobby Kotick Makes Too Much Money
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Photo: Drew Angerer, Getty Images
Grass is green, the sky is blue, and Bobby Kotick is still rich. Earlier this year, Activision halved the CEO’s pay and annual bonus target after he spent years pulling in tens of millions of dollars (even after laying off employees), resulting in sustained pressure from investors. A group representing those investors, however, doesn’t think Activision went far enough.
CtW Investment Group, the same one that previously criticised Kotick’s exorbitant price tag, has published a new letter in which it argues that the recent renegotiation of Kotick’s terms focuses on a period so brief as to render the whole thing “moot.” These new terms, CtW executive director Dieter Waizenegger points out, expire on March 31, 2023, meaning that 2022 is the only full year they even apply to.
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