Activision-Blizzard stopped paying out bonuses on sales figures. Now they just give fake tokens to employees to redeem at a gift shop.
BLIZZARD PAYING THEIR EMPLOYEES WITH GOOD BOY POINTS LMAO pic.twitter.com/WmHjoVOPBF
— Kaleb (@KalebPrime) August 5, 2020
In the late February 2019, the online game company paid out millions their new executive while an untold number of their employees braced for joblessness.
According to Screenrant, a newly hired Activision-Blizzard executive was paid millions of dollars last month despite the fact that the company is preparing to announce a huge round of layoffs. Though it’s far from uncommon in the gaming industry to “trim the fat” like this when times are tough (i.e., when shareholders are disappointed with sales) and downright commonplace for corporations to award absurdly large signing bonuses to executives, Activision-Blizzard’s most recent gaffe is particularly egregious.
Coming back towards this year on June 2020 precisely they went into trouble with Sshareholders over CEO compensation controversy.
CEO Bobby Kotick was paid roughly $100 million per year, despite failing to appease the astronomical demands of shareholders.
Bobby Kotick, CEO of Activision Blizzard, has since been under fire from his company’s shareholders for failing to elevate the company even higher than its current place at the top of the financial pyramid. He has been calling the shots at Activision since 1990, and the company ballooned in popularity under his leadership. Games like Tony Hawk’s Pro Skater, Guitar Hero, Call of Duty, and Destiny were all massively successful at one point or another, leading to the company becoming the largest third-party video game publisher in the entire industry.
For his part, Kotick has earned roughly $100 million in compensation every year since 2016 via a combination of stock, equity, and bonuses, all in addition to his salary of more than $1 million. This makes him one of the highest-paid CEOs around, earning more than 300 times the average salary of an Activision Blizzard employee. Some of the video game company’s stockholders feel he doesn’t deserve such astronomical compensation.
It seems obvious that the company is on the verge of collapse with the emerging epileptic financial situation they have been on since last year.