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Society & Culture
Virtual Legality Episode 14

Securities Law, Executive Compensation, and Activision

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2y Jan 14, 2019
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Much has been made of Activision's corporate and legal strategies following the surprising (and abrupt) departure of Bungie last week.

But what does being "investigated for fraud" really mean?

And how can the compensation set to be received by their new CFO inform our understanding?

#Bungie #Activision #VirtualLegality


Discussed in this episode:

"Activision Blizzard's new CFO is getting awards worth $15 million for taking the job"
PC Gamer, January 14, 2019
(https://www.pcgamer.com/activision-blizzards-new-cfo-is-getting-awards-worth-dollar15-million-for-taking-the-job/)

"Activision Gives $15 Million Sweetener to New CFO Dennis Durkin"
Bloomberg, January 4, 2019
(https://www.bloomberg.com/news/articles/2019-01-04/activision-gives-15-million-sweetener-to-new-cfo-dennis-durkin)

Jason Schreier Tweets, January 13, 2019
(https://twitter.com/jasonschreier/status/1084608474540056576)

"CFOs Outpace Their Bosses in Pay Increases"
Wall Street Journal, August 17, 2015
(https://www.wsj.com/articles/cfos-outpace-their-bosses-in-pay-increases-1439837737?cb=logged0.9814875074662268)

Activision Blizzard Securities Filings
(https://investor.activision.com/financial-information/sec-filings)

"Call of Duty Publisher Activision’s Shares Fall on Destiny Departure"
CCN, January 14, 2019
(https://www.ccn.com/call-of-duty-publisher-activisions-shares-fall-on-destiny-departure/)

Pomerantz LLP Press Release
MarketWatch, January 11, 2019
(https://www.marketwatch.com/press-release/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-activision-blizzard-inc---atvi-2019-01-11)

Private Securities Litigation
15 U.S.C. § 78u–4
(https://www.law.cornell.edu/uscode/text/15/78u-4)


"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).

Rick has practiced for more than a decade at some of the country's largest law firms, representing IT, software, video game, and other technology companies, as well as the individuals and institutions which fund them.

DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.

Any and all feedback is appreciated. Let us know what you think!


Blog, "Rules of the Game", at https://hoeglaw.wordpress.com/

On "Help Us Out Hoeg!" a regular segment on the Easy Allies Podcast (formerly GameTrailers)

(https://www.youtube.com/channel/UCZrxXp1reP8E353rZsB3jaA)

Biweekly on "Inside the Huddle with Michael Spath" on WTKA 1050

About Hoeg Law

The Hoeg Law Firm is a business law firm with big law experience and a small firm approach focusing on start-ups, technology, financing, and everything else a business might need.


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Everett Anderson

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