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Bobby Kotick will stay the CEO of Activision Blizzard till not less than March 31, 2023 per a brand new employment settlement, in accordance with a current SEC submitting. Nonetheless, the brand new settlement comes with a voluntary wage discount of fifty%. Moreover, Kotick’s goal annual bonus has been diminished by 50%.
Kotick will nonetheless be eligible to earn as much as 200% of this new base wage attributable to further elements outlined within the extension settlement.
Earlier this yr amidst the newest spherical of layoffs, Kotick’s wage turned a subject of debate following criticism levelled on the CEO by company watchdog group CtW Funding Group.
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