Activision Blizzard's President and CEO Robert Kotick Receives a Massive Paycheck and Enormous Bonus for Re-Upping His Employment Contract

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Activision BlizzardAs of March 15, 2012, Activision Blizzard has extended its employment contract with the company's President and Chief Executive Officer Robert Kotick. The new contract, anticipating that Kotick will stay with the company through at least June 30, 2016 details a hefty paycheck for Kotick.

Kotick's base salary has been increased to $2,000,000 per year, and that will be increased by at least as much as other members of the company's leadership team each year. Interestingly, that pay increase was made retroactively to July 1, 2011, so Kotick also received $661,915 to cover the pay he would have received at the new salary level. Above that, Kotick got a $2,500,000 bonus for signing the new contract. Of course, the Activision Blizzard Compensation Committee can award him additional bonuses at any time. Kotick also received the right to receive 2,061,006 shares of restricted stock (currently valued around $25,000,000) that is subject to certain performance benefits and vests over time, along with the ability to receive another 2,061,006 shares if the company meets specific financial targets

If all of that sounds like a paltry paycheck, Kotick gets all the benefits received by other senior officers, along with a life insurance policy worth at least $18,000,000.

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This page contains a single entry by Editor published on March 19, 2012 4:52 PM.

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