590°

Investor Group Pissed Activision Blizzard CEO Is Getting A $200 Million Payout

Activision Blizzard's CEO will receive a payout thanks to the Shareholder Value Creation Incentive.

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gamespot.com
lodossrage1149d ago

Executives getting massive payouts while the people that do the real work struggle and get laid off. As usual.....

kevinsheeks1148d ago (Edited 1148d ago )

mistake post.

FanboysKiller1148d ago

He's definitely not a good person.

SierraGuy1148d ago

You could tell just by looking at his ferret face.

Eamon1148d ago

Bobby Kotick is practically looting the company now.

frostypants1148d ago (Edited 1148d ago )

I mean...being a CEO of a major corporation isn't an easy job...but $200 million is flat out absurdly high by multiple orders of magnitude.

DaveZero1148d ago

I thought Arsenal were bad keeping Ozil on for 350k a week wages all while they went and fired around fifty staff members.

This guy however is taking the piss.

lelo2play1149d ago

We live in a truly screwed up world.

ScootaKuH1148d ago

We do, but this is capitalism. The alternative is a socialist society and then things would be a damn sight worse

InUrFoxHole1148d ago

Lol. A or B... Only 2 choices exist.

arkard1148d ago

Wow, it's early, but I'm pretty sure this will be the stupidest comment I read today.

Smok911148d ago

You’re seeing black and white in a gray world

DOSemp1148d ago

@ScootaKuH That's a good point though.

spicelicka1148d ago

Capitalism can be regulated too though, that's why people with high earnings get taxed more. The issue is with loopholes and manipulation which allows them to avoid getting taxed more. In this case he clearly used a loophole based on a clause in his contract.

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1148d ago
IMissJimRyan1149d ago

I always amuse myself when capitalists discover capitalism.

LucasRuinedChildhood1149d ago

This why government regulation is necessary. Otherwise, the Bobby Koticks of the world are inevitable

JackBNimble1148d ago

The government regulations you're asking for takes the little guy's money and gives it to the corporation's.
Have you had your head in the sand the past year?

Where do you think all that bailout money goes? 10% to everyday Americans and the rest go where ?

wraith99991148d ago

@JackBNimble you literally have no point except that the current form of government regulation is ineffective at stopping the ridiculously top-heavy class system we currently have, which is exactly what LucasRuinedChildhood was already saying. We need to elect officials who do better, it's that simple.

Doing nothing isn't gonna help

arkard1148d ago

@jack 22% of the bill is direct payments to Americans. Don't fall for GOP propaganda

The_Sage1148d ago (Edited 1148d ago )

Why should the government be involved in business? Everything they touch they make worse, not better. The only people who should even care about the ridiculous amount of money this asshat got paid are the investors. They have the power to punish the company for making bad decisions. You do not want government involved in anything other than law enforcement and protection of the citizenry. Head on over to Venezuela to see what happens when government control business. You know.... where people have had to eat their own pets because they are starving. The government is fat and happy though. Don't be a lemming.

LucasRuinedChildhood1148d ago (Edited 1148d ago )

@The_Sage

"Head on over to Venezuela to see what happens when government control business."
I live in Ireland, a country which has more regulations than America.

I can't say that I've ever had to eat one of my dogs to survive, tbh. In fact, I could probably stand to lose some weight. haha

Common sense regulations to stop corruption and give protections to workers isn't something to be afraid of, and won't transform a country into Venezuela. Lay off the coke.

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LOGICWINS1149d ago

I'd be open to an alternative to capitalism that doesn't cause mass starvation.

Question_Mark1148d ago

If you think socialism could work, you know nothing of history.

Godmars2901148d ago

@Normann:
A mix or balance of the two with a fair mix of responsibility, ethics, common sense and consequences for actions. An acceptance of consequences for actions.

lodossrage1148d ago

@Question_Mark

These are the current countries with socialist policies

China
Denmark
Finland
Netherlands
Canada
Sweden
Norway
Ireland
New Zealand
Belgium

I know history well. And one of the things I DO know is that the ONLY times socialism fell apart is when a Tyrant was elected (which despite China's economy could be another casualty).

But before we get too much into it, do you know what a socialist actually is? And no I'm not asking that to be "smart" or "own". I'm asking because this way I'd know if it's worth having the conversation or not

LOGICWINS1148d ago

@lodossrage

This is my definition. Correct me if I'm wrong.

Socialism: a political/social philosophy or government mandate to provide value in the form of goods/services to groups of people with no requirement for the recipients of these goods/service to provide any value or compensation in exchange for said goods/services.

lodossrage1148d ago

@LOGICWINS

No that's not it.

Socialism is when basic country functions such as government, education, and medical are publicly owned and funded.

cooperdnizzle1148d ago

Normann. That is what logic is talking about. Socialism or communism what ever you want to call it, is indeed what cause poverty on epic levels.

Maybe we could keep cap, but regulate wealth proportions, something like, you can only make ten times, your lowest employee or something.

Thomas Jefferson talked about this a very very long time ago and could see it coming. But what do I know....

neutralgamer19921148d ago

Question_Mark

If you mean getting things done than yes I do know. China brought 800 million peope from below poverty to upper and middle class. Railroads and roads connecting nations. What is working with democracy?

We have a health system build with grade we have a school system that is broken we have a congress that never gets anything done and just stick to party lines so please do tell me what good is democracy. This country is more divided right now than ever before. People are scared of the word socialism but end of the day countries under socialism are doing much better than countries with so called democracy

one of the largest democracies in the world India let's look at how bad they are managing minorities and their Farmers have been on strike for the past 6 Plus months. Their supreme Court judge told a rapist if he was willing to marry that girl then he won't have to go to jail this is democracy

Amazon not wanting union because it would give more freedom and rights to it's workers is that the definition of democracy?

WelkinCole1148d ago

Depends on how you define capitalism. If you refer to mix economies like most western countries yes I agree.

However fact is there is no completely capitalist countries. If the US is one then their military would be private owned and not publicly owned

IMissJimRyan1148d ago

If ou think captalism is working I dont have a lot to discuss with you.

Rimeskeem1148d ago

Social Capitalism or Nordic Model.

It's what most industrialized nations practice now including Denmark, Switzerland, Australia, Sweden, and Canada. Pretty much all of these rank top 10 in general freedom (financial, education, rights, etc).

In fact, after the Great Depression of the 30s in the US, many of the same social programs were implemented that those countries currently have. In the last half-century, the US has slowly cut those programs out and increased spending on the military while deregulating economic entities. Give the fight between States and Federal government it's not easy to implement anything on a nationwide scale especially if it opposes what private companies want. Given Citizens United, these private companies can easily loophole their way into "donating" to politicians using Super PACS. These politicians then lie about giving actual tax cuts and give tax cuts to the rich for job promotion even though there is no evidence it actually works.

Basically, the money they use to make tax cuts is the same money they would use to pay for social programs and other regulation to keep people like this CEO from getting a stupidly high payout and base salary.

DarXyde1148d ago (Edited 1148d ago )

Question_Mark,

I would argue that capitalism with higher marginal taxes and certain sectors of the economy being off the table for capitalist interests by socializing them is an ideal system. Healthcare and public education would be great to socialize; the government is in a far better position to negotiate healthcare costs than insurance companies who are all too happy to deny coverage when you need it. With education, people would be inclined to attend public universities and, by virtue of capitalism and competition, the cost of enrollment at private universities will drop or provide much more in the way of scholarships.

That all said, there's no goddamn reason a CEO needs 200M as a payout. We're living in a world where Activision can recycle assets to cut costs, increase profits, and share that not with the actual creators who got their hands dirty, but the guy who sits in an office and continued to make anti-consumer decisions because the company gets richer, goodwill be damned. F*****g sickening. A 5M payout, I could understand. 8M is overly generous but not outright egregious. But 200M? Really? So you're telling me that he* (meaning no one else) was so valuable to the company that you're going to give him the money to buy 200 homes that cost $1M each?

I have to laugh at how bad this is. No one should be surprised if Kottick dies with his eyes open.

BlaqMagiq11148d ago

@lodossrage

On top of that Denmark and Norway are considered to be 2 of the happiest countries in the world with their current policies and their economy thriving. The only downside to their economies is the high taxes, but because the average worker there have livable wages and plenty of benefits they can tolerate it. They're clearly doing something right. America can learn from them.

FinalFantasyFanatic1148d ago (Edited 1148d ago )

@lodossrage
This, there's plenty of countries that have predominately socialist policies that thrive (referring to your list), and it's always tyrants that screw everyone over, just like in capitalist countries. People only need to pay attention to history, I often recommend "how money destroys nations" to see how countries like Zimbabwe and Venezuela really ended up in the gutter, not the Sky news/American propaganda that often gets regurgitated.

+ Show (12) more repliesLast reply 1148d ago
Godmars2901148d ago (Edited 1148d ago )

Don't you mean deify capitalism?

I mean, if you're in charge, you do get what you've "prayed" for. Especially at the cost of others.

Imalwaysright1148d ago

lodossrage

The only true socialist state in the world is North Korea. Every country you mentioned has a capitalist economy wich disqualifies them as being true socialist states.

lodossrage1148d ago (Edited 1148d ago )

I said socialist policies, not countries.

You don't have to be a full blown socialist country to have socialist policies.

And no, North Korea isn't even a true socialist country because their government operates as a dictatorship. Which brings me right back to the point that the ONLY time socialism has failed was when a Tyrant reigned over it.

Imalwaysright1148d ago (Edited 1148d ago )

Ah I missed that and went straight to economy because that's what the conversation was about however your reply doesn't adress what @ Question_Mark has said because he was talking about socialism that just like @ LOGICWINS has stated goes well beyond socialist policies.

North Korea is indeed a socialist state that follows the Juche ideology https://www.time.com/wp-con...

lodossrage1148d ago

If north Korea was a socialist country, then there would be challengers to the Jong Un regime with elections.

1148d ago
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monkey6021149d ago

The exact same thing happened last year, And will again next year

ZwVw1148d ago

This was the same case as with AMC CEO Adam Aron getting a pay increase to 21 million amidst the theater chains being in limbo for most of 2020.

Truth of the matter is these sleazy CEO would rather have it with most of the workforce being laid off. Less workers means more money for them.

Eonjay1148d ago

A family member of mine worked security at AMC and was laid off at the same time as the CEO too 21 million.

Show all comments (104)
40°

Xbox, do you even have a plan anymore?

TSA asks what is the future for Xbox.

Read Full Story >>
thesixthaxis.com
Chocoburger8m ago

They clearly never did, hence why they spent so many BILLIONS on other publishers as a last resort.

30°

ASUS may have just teased a black ROG Ally

Did ASUS just hint that a black version of their ROG Ally handheld PC may be on the way?

Read Full Story >>
overkill.wtf
210°

Brad Hilderbrand explains the reason behind the recent Xbox studio closures

There are two reasons why all those Bethesda studios closed, and neither of them have anything to do with Bethesda (directly)...

Game Pass and Activision.

Read Full Story >>
linkedin.com
Christopher3h ago(Edited 3h ago)

The guy confirming what we've all (well, most of us) been saying since the latest purchase.

crazyCoconuts34m ago

Remember the relatively common counter that went something like "I'm sure you arm-chair CEOs know better how to run a company than the biggest company in the world"?

I mean - there's a lot to running a company for sure, but on this topic it's hard to understand how Phil and team didn't see this coming.

Tody_ZA19m ago(Edited 16m ago)

Phil and team knew it was coming and planned for it. It's not even a conspiracy, it's simply the business of cutting costs and superfluous studios after a major acquisition. They don't give a damn about Tango Gameworks or other small creative studios that won't recoup their losses. They don't care about investing in this industry. They have no interest in risky and expensive new IP. They are only interested in profiting off ownership of Bethesda IP, Call of Duty and Candy Crush.

I guarantee you that not one single game under their banner will improve or become bigger and better.

Welcome to the Xbox family, what a pathetic joke.

Anyone who continues to support this, enjoy your future, because this is it. Ninja Theory is next, and Perfect Dark after that.

XiNatsuDragnel3h ago

I'm not surprised Microsoft guys are crock nuff said

isarai2h ago(Edited 2h ago)

Honestly i think Bethesda needs to buy themselves out of zenimax/MSs hands and do their own thing, i honestly think that would fix a lot of issues and save them from a potential closure.

Zeref2h ago

There's a reason they sold in the first place. And Bethesda is not closing anytime soon lol. As much as I hate the studio closures. They were all small studios 2 of them were mobile studios.

I think these are growing pains and Xbox will get back on track. But they're not getting any more passes.

jwillj2k41h ago(Edited 1h ago)

I’d like to see your reaction to being growing pained out of your job after the launch of a successful product.

Einhander19722h ago

Ah, we can see how the Microsoft media machine works.

Every article I read now is some kind of attempt to shift the blame off Microsoft and paint them as the victims or convince people that Microsoft mistakes were just some kind unforeseeable unfortunate twist of fate.

The shills are out in full force today.

Christopher2h ago

This is not at all what this article is saying. It's saying that honest and useful studios are getting closed because of big money deals elsewhere and the faults with game pass as a model.

Einhander19722h ago

I understand what the article is about.

It's a deflection, it's a putting the cart before the horse article.

Let me tell you how this problem wouldn't have existed in the first place.

Microsoft not creating a service funded by subsidization and having the foresight to see that it would disrupt consumer spending habit to begin with. Then not buying Bethesda and undertaking costs for a service that was already failing to pay for itself because their own expectations of Game Pass having "billions" of subscribers was unobtainable from the very start.

And if you don't think that was the case go back to the article on the day Game Pass launched and read the comments from people from day one who foresaw that this would be an unsustainable model and would cause people to stop spending in the same way.

Christopher1h ago

***Microsoft not creating a service funded by subsidization and having the foresight to see that it would disrupt consumer spending habit to begin with.***

This article literally supports this opinion. He's not praising Game Pass or the ABK purchase.

Einhander19721h ago(Edited 1h ago)

This is an explanation of why it failed, there is zero blame put onto Microsoft itself.

Yes, it talks about what went wrong, but it doesn't say Microsoft shouldn't have done it. It doesn't say Phil should have foreseen this outcome and stopped before it got to this point.

"convince people that Microsoft mistakes were just some kind unforeseeable unfortunate twist of fate"

Christopher1h ago(Edited 1h ago)

***but you're seeing the impact; all those smaller studios making really interesting games are going to fall away, simply because as good as games like Hi-Fi Rush are, they're never going to make enough money to make up that $70B hole that Xbox now has to dig itself out of.***

If you see that as support or you explicitly just want people to end their argument with "and, in conclusion, Microsoft bad" then that's on you. This article does not support Microsoft's choices and highlights the faults. Nothing it says is good about these choices, even saying that putting CoD on Game Pass would be money losing for them because they've set themselves up for failure (and not putting it on there will drop subscriber numbers like crazy, meaning their Game Pass plans were shit to begin with).

No matter how you look at it, they're saying Microsoft made decisions that hurt the bottom line, force closures, and leave Game Pass in a situation where they lose no matter what they do. It's all negative.

Einhander19721h ago

Christopher, if Microsoft hadn't made Game Pass and bought a bunch of publishers would this article even need to exist?

Christopher56m ago

***Christopher, if Microsoft hadn't made Game Pass and bought a bunch of publishers would this article even need to exist? ***

How is this an argument to anything being discussed? This is just as valuable of an argument as "if fish had stayed in deeper waters, they wouldn't have evolved to tetrapods, adapted to shallow water and then to land, and we wouldn't even exist and have to worry about game pass at all."

You're bringing nothing to this argument and then complaining that other people are highlighting the issues with Game Pass and spending tens of billions on studios because what we should be discussing is what it would be like if Microsoft hadn't done any of that.

Well, they did do it. Now pull up your big boy pants and join in on the discussion of what that has meant for the industry since then and, especially right now, how that is affecting the industry and game studios under Microsoft. None of us are able to go back in time and change what was done.

Einhander197227m ago(Edited 14m ago)

Christopher, this isn't me not understanding what the article is about, it's you not understanding what I am saying.

If you want me to make excuses for Microsoft's bad decisions you're not going to get that or just agree with people who are doing that, it's not going to happen, nor are you going to convert me into thinking xbox "needs to exist".

Ya know what, maybe "Microsoft bad".... maybe their decisions ARE having a negative effect on the industry, and instead of deflecting from their actual actions and making excuses for them we stand up and say "no" "Microsoft is hurting the industry"

And maybe, just maybe, it was so obvious that this was going to be the outcome that even nobodies in comment sections on websites were able to easily predict this outcome, yet Microsoft did it anyway then kept doing and even when it became undeniable that it was having a negative impact on their business and and the industry itself, then they knowingly made even bigger purchases and caused more problems.

And the one thing you're right about is that I can't go back in time, but I CAN speak up and try to keep it from happening again...

Maybe if the people who were speaking up 7 years ago were listened too we wouldn't be having this discussion and Tango and Arkane would still be in business along with all the other people who have lost their jobs due to Microsoft's actions.

Do you like analogies?

What you're saying is like an alcoholic crashing their car then trying to explain it by saying it was caused by everything except the fact that they were dunk because they are an alcoholic and don't want to stop drinking.

TiredGamer17m ago

The article is essentially focusing the blame on MS. GamePass was a hail mary play to change the gaming paradigm and carve out a special niche for themselves, emulating the Netflix model, that might have led to MS becoming the leader in the long-term. Unfortunately, the subscriber growth isn't really there, and the model isn't really built to weather that lack of revenue. MS is now in a restructure mindset to figure out how they balance out their model in a way that can still make them money.

've always believed that GamePass was a high risk shot that had a very low chance of long-term success. But the problem with it, whether it succeeded or not, is that it accelerated the proverbial "race to zero" consumer expectation that ran its course in the mobile gaming industry in the late 2000s. When consumers start thinking that games should be "cheap" (as in through a $10/month all-you-can-eat subscription model), it turns the narrative against games being priced at realistic levels. So with the GamePass failure, they've not only sabotaged their market share, but they've impacted the entire industry and devalued the cost of game development to the average consumer. So now it's harder to develop mega-big budget games and to earn the revenue needed to pay for them.

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MrDead1h ago

It's greed. MS has the IP's it wants now it's dumping the studios that it's raided, MS will still make money from Tango's games unlike the people that made them. If anyone follows MS outside of gaming you'll see this is what they do, buy companies take what they want consolidate some of the workforce and shut them down. I don't know why people are acting so surprised when this is Microsoft being Microsoft.

MS is a three trillion dollar company, if it enters a market it has no need to compete, they take what they want and with the financial influence it can bypass laws that are meant to protect the consumer and the workforce. Just look at how they are cornering the AI market right now with buyups and investments.

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