hot  /  reviews  /  videos  /  cblogs  /  qposts

Bobby Kotick received 8x pay increase in 2012 (Update)

8:30 PM on 04.27.2013 // Brett Makedonski
  @Donski3

Making him the second-most highly-paid U.S. CEO

[Update: Kotick did not in fact receive $64.9 million (an 8x pay increase) in 2012. He received $8.33 million, as he did in 2011. Bloomberg, the source of our post, updated its article to reflect this, now pretend you understand how businesses and stocks work:

"The bulk of the increase for Kotick came in stock awards valued at $55.9 million, based on regulatory reporting rules, that were tied to a new employment agreement signed in March 2012, according to a filing yesterday by the video-game software company. While vesting stretches over five years, the awards are reported in the year of the grant. Kotick, 50, received $8.33 million in total compensation last year, filings show."

In short, Kotick is rich, just not insane "I am going to build my own Dubai on the moon, bitches!" rich.]

Activision recently submitted a regulatory filing, and one of the pieces of information immediately jumps off the page. Bobby Kotick, the company's CEO, received almost eight times more money in 2012 than he did in 2011.

Because of incentives that were tied into a new employment agreement, Kotick's annual income skyrocketed from $8.33 million in 2011 to $64.9 million in 2012. Stock awards that were valued at $55.9 million made up the vast majority of this pay bump. The raise places Kotick as the second-most highly-paid U.S. CEO of of publicly-traded companies; the CEO of Oracle Corp. holds the top spot. 

When reached for comment about Activision's filing, Nell Minow, a corporate-governance consultant at GMI Ratings admitted that Kotick's base salary and incentive structure are "richer than what's expected for the videogame sector." Minow further commented "we don't like any element of this pay package," noting that Activision hasn't been clear about how pay was determined and that stock grants aren't sufficiently tied to performance. Minow also added that "In the past, we have expressed concern about this company and its compensation practices."

Activision's Kotick Gets 8-Fold Raise Reaching Top Tier [Bloomberg]



Brett Makedonski, Associate Editor
 Follow Blog + disclosure Donski3 Tips
Brett will sell you things in a dark alley -- mostly counterfeit watches and kidneys. Not counterfeit kidneys, though; even I have my lines, man. Guaranteed: All my kidneys are completely legit. ... more   |   staff directory

 Setup email comments

Unsavory comments? Please report harassment, spam, and hate speech to our moderators, and flag the user (we will ban users dishing bad karma). Can't see comments? Apps like Avast or browser extensions can cause it. You can fix it by adding *.disqus.com to your whitelists.

 Quickposts
Status updates from C-bloggers

RexterNathan avatarRexterNathan
Hello there, I just wanted to say that I'm new here and glad to be part of the community.
Niero Desu avatarNiero Desu
Just tried to explain the word BEAT to an ESL student. Reference.com has 58 variations of the definition. At the least, they can finally understand that Michael Jackson was not asking people to fight each other.
Mediamister avatarMediamister
Steven Hansen avatarSteven Hansen
DTOID PAX MEET UP DAY 1 WAS FIRE.EMOJI!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Shinta avatarShinta
[youtube]https://youtu.be/JOXdORyTqVY[/youtube] I told you guys ... The Witcher 3 has more pirouettes than a ballet show. It's ridiculous!
Nathan D avatarNathan D
Are we really calling followers "fappers" on these quick posts? I knew I loved Dtoid.
OverlordZetta avatarOverlordZetta
[youtube]https://youtu.be/z04MAOubUgM[/youtube] This might've been a fun show.
Cosmonstropolis avatarCosmonstropolis
Someone is trying to log into my Dtoid account. I keep getting emails notifying me of bad password attempts. What?
gajknight avatargajknight
If you spend 10 minutes trying to write a Quickpost...can it really be called Quickpost?
Mike Wallace avatarMike Wallace
So I have enough coins to get a new character in Heroes of the Storm. I like big portly characters like the Butcher or Stitches, but I did enjoy my free week of Tychus. Crowd thoughts?
GoofierBrute avatarGoofierBrute
Today I learned that Bad Rats 2 is a thing that is happening. I don't know how to feel about this.
techsupport avatartechsupport
The temp agency that employs me had me work as a sign spinner today. As in, I held a six foot cardboard arrow-shaped sign and spun it and danced for six hours. It got interesting when a homeless couple confronted me about hogging their spot.
Rad Party God avatarRad Party God
V days until !
Snaveage avatarSnaveage
5ish hours into Phantom Pain and it is absolutely glorious. This is truly A Hideo Kojima game.
Robo Panda Z avatarRobo Panda Z
It looks like my job at PAX didn't work out (For a variety of reasons). Have fun at the convention, everyone! https://www.youtube.com/watch?v=CdqoNKCCt7A
thelivinglegend avatarthelivinglegend
Witches of Crookback Bog from Witcher 3 is the best quest in the whole game and of any game I've played in recent memory.
Pixie The Fairy avatarPixie The Fairy
I was just accosted by the most gorgeous cosmetics saleswoman with an adorable Hatian-Creole accent. It's not often my attention gets that immersed in a total bullshit sales pitch. Well, that and I didn't want her to let go of my arm.
Cosmonstropolis avatarCosmonstropolis
My son just washed my Majora's Mask NEW 3DS because the screen was dirty. Bahahaha *cries uncontrollably*
Flegma avatarFlegma
Ever thought of skipping a console generation (and not upgrading PC for years, either) because of how big your pile of shame is? I'm doing that just now.
Tenzan  avatarTenzan
Apparently there are cancellations on the CE versions of MGSV:TTP from Europe and North America. People getting emails saying they are cancelled and such. On top of that is that there's been unboxings that don't have the extras for the Day One edition.
more quickposts


Contest!


Seriously

Invert site colors

  Dark Theme
  Light Theme


Destructoid means family.
Living the dream, since 2006

Pssst. konami code + enter

modernmethod logo



Back to Top


We follow moms on   Facebook  and   Twitter
  Light Theme      Dark Theme
Pssst. Konami Code + Enter!
You may remix stuff our site under creative commons w/@
- Destructoid means family. Living the dream, since 2006 -