CEO Bobby Kotick and co-chairman of the board Brian Kelly took the opportunity last week to make a few bucks by selling off some of thier Activision stock. With shares being up some 30%, Kotick broke off about 1.5 million to sell; Kelly followed with 3.6 million. That's a combined payday of just under $60 million for the two. This follows another big selloff from Kotick in March.
Why the big payday? Who knows. That's a lot of Slim Jims and ramen, though. Business Insider throws out a few guesses, with one of them pointing to the "ill winds blowing across the gaming sector." I think it's probably closer to new car and new house territory. If I was farting out guitar games and printing cash, I'd sure as hell take the opportunity to get some nice things.
Dale North is Destructoid's Editor-In-Chief, a founding editor, and specialist in Japanese gaming. An accomplished musician, Dale was reporting from Japan during the earthquakes of 2011. Luckily, he got the fuck out alive and is home in America now with his wife and beloved corgi, Einstein. Dale is also a co-founder of Destructoid's sister anime site
Japanator. Likes Corgis, Sega Saturn, PSP, iPhone, Photographic tools.
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