Activision Blizzard signed a new labor contract with its CEO. Bobby Seal will now be in charge of Call of Duty and World of Warcraft until March 31, 2023. However, the financial agreements in the new treaty have been review.
For years, it has been suggested that Seal is getting too much, especially amid state cuts and comparatively modest salaries of middle and lower – level staff. This opinion is taken into account: under the new contract the salary of the CEO is cut in half, from 1.
75 million dollars to 875 thousand dollars a year. The reduction was also subjected to annual bonuses: their size can not exceed 200% his new salary.
However, poverty Kotik is unlikely to threaten: Activision Blizzard promises him rewards in the form of equity stakes, their size will depend on the financial success of the company. As we know, under Kotiks management, the market capitalization of the company increased from a dozen million dollars to more than 70 billion.
Total shareholder income grew by more than 8100% between 2000 and 2020. The SEALs are generously rewarded for these achievements, although it is hardly solely his credit.
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