{"id":211065,"date":"2025-09-28T10:43:32","date_gmt":"2025-09-28T10:43:32","guid":{"rendered":"https:\/\/arcader.org\/activision-blizzard-ceo-bobby-kotick-agrees-to-50-bonus-cut-and-salary-reduction\/"},"modified":"2025-09-28T10:43:32","modified_gmt":"2025-09-28T10:43:32","slug":"activision-blizzard-ceo-bobby-kotick-agrees-to-50-bonus-cut-and-salary-reduction","status":"publish","type":"post","link":"https:\/\/arcader.org\/news\/activision-blizzard-ceo-bobby-kotick-agrees-to-50-bonus-cut-and-salary-reduction\/","title":{"rendered":"Activision Blizzard CEO Bobby Kotick Agrees To 50% Bonus Cut And Salary Reduction"},"content":{"rendered":"
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\"\" Activision Blizzard <\/article>\n

CEO Bobby Kotick has been in the headlines for his leadership practices and inflated salary, especially back in 2019. During that time,\u00a0Activision Blizzard laid off more than 800 employees despite a profitable year, only to have it revealed\u00a0that Kotick’s\u00a0salary came in at $30 million. Since then, more layoffs have occurred and big names at Blizzard have been moving on to pursue other ventures<\/a>. The state of Blizzard following its absorption into the Activision Blizzard umbrella has been a constant source of scrutiny in the gaming community, especially in regards to Kotick and his extravagant\u00a0salary. Now, the CEO has agreed to a 50 percent\u00a0bonus reduction and a salary cut moving forward, in addition to several other key changes that could be a positive step for the folks at Blizzard.\u00a0<\/p>\n

The move came to light\u00a0when a portion of the extension agreement<\/a> filed with the SEC went public (via\u00a0WoWhead<\/em><\/a>). In the documentation, it was revealed that Kotick both agreed to slashing his salary and cutting his bonus by 50 percent. In addition to the pay changes, he also agreed to terminate the Transformation Transaction Award and the Shareholder Value Creation incentives.<\/p>\n

According to the SEC filing, “Under the Extension Amendment, effective January 1, 2021, the Compensation Committee and CEO agreed to reduce his contractually agreed-upon base salary by 50 percent\u00a0to align with targets established at the bottom 25th percentile of the Company’s peer group, despite the Company’s strong relative performance.”\u00a0<\/p>\n

The base salary for the executive has been slashed from $1,750,000 to $875,000 on an annual basis. The 50 percent\u00a0bonus reduction also has a ceiling of $1,750,000 for each fiscal year, both for 2021 and for 2022. The moves made with the CEO’s reductions are based on feedback from shareholders after a steady incline of concerns from the games industry, both on the consumer and the business side.\u00a0<\/p>\n