Bobby Kotick will stay the CEO of Activision Blizzard till not less than March 31, 2023 per a brand new employment settlement, in line with a latest SEC submitting. Nevertheless, the brand new settlement comes with a voluntary wage discount of 50%. Moreover, Kotick’s goal annual bonus has been lowered by 50%.
Kotick will nonetheless be eligible to earn as much as 200% of this new base wage because of further elements outlined within the extension settlement.
Earlier this 12 months amidst the most recent spherical of layoffs, Kotick’s wage grew to become a subject of debate following criticism levelled on the CEO by company watchdog group CtW Funding Group.