Bobby Kotick will remain the CEO of Activision Blizzard until at least March 31, 2023 per a new employment agreement, according to a recent SEC filing. However, the new agreement comes with a voluntary salary reduction of 50%. Additionally, Kotick’s target annual bonus has been reduced by 50%.
Kotick will still be eligible to earn up to 200% of this new base salary due to additional factors outlined in the extension agreement.
Earlier this year amidst the latest round of layoffs, Kotick’s salary became a topic of discussion following criticism levelled at the CEO by corporation watchdog group CtW Investment Group.
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