Activision Blizzard investors have spoken out against Chief Executive Officer Bobby Kotick?s $30 million pay, and have urged shareholders to vote against his compensation package.
As reported by Bloomberg, the Executive Director of CtW Investment Group accused Activision Blizzard of finding ?multiple ways to unnecessarily enrich? Kotick, even when he didn?t meet his performance targets. His pay first came under heavy scrutiny when Activision Blizzard laid off 800 staff members in 2019, but continued to award the CEO a lavish compensation. CtW?s Dieter Waizenegger also pointed out that Activision Blizzard employees typically earn less than ?1/3 of 1 percent of the CEO?s earnings, with some employees, such as Junior Developers, making less than $40,000 a year while living in high-cost areas such as southern California.?
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