Activision Blizzard CEO Bobby Kotick routinely gets millions in stock bonuses every year based on how the company is doing.
And it’s all thanks to a clause in his contract that was recently triggered by the company’s strong stock performance throughout the pandemic.
As the Call of Duty maker’s CEO, Kotick gets bonuses based on helping the company hit profit targets and other milestones.
CtW Investment Group has been criticizing CEO pay at a lot of companies, including one of gaming’s biggest.
While the pandemic has made Kotick even richer, it hasn’t put an end to layoffs at Activision Blizzard.
Bloomberg reported that the most recently laid off employees would receive healthcare benefits throughout the year as part of their severance package.
Activision Blizzard did not respond to a request for comment. »