Bobby Kotickthe CEO of Activision Blizzardcould receive one severance pay of 15 million dollars in the event Microsoft were to license it after the acquisition.
As Axios reports based on SEC (Securities & Exchange Commission) documents, the CEO of Activision Blizzard will be entitled to a good exit of $ 15 million in the event of unfair dismissal after the acquisition by Microsoft.
In addition, the board of directors will award a $ 22 million bonus in stock in Kotick by July of this year should it improve the internal culture of the company, which as you surely know last year was portrayed strongly negative for a series of allegations of sexual harassment in the workplace.
Bobby Kotick, according to some reports, was not only aware of the problems of harassment, but he himself allegedly covered up a case involving him. Since then, a number of steps have been taken to improve the company’s internal culture, including a promise to hire more women than non-binary people, as well as a zero-tolerance policy against harassment. Furthermore, the CEO had deliberately reduced his salary by 99%.
That’s not all, because currently Bobby Kotick owns 6.5 million shares of Activision Blizzard which, at a price of 95 dollars each that Microsoft will pay should the acquisition take place, are worth about. 619 million dollars.