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Society & Culture
Virtual Legality Episode 433

Activision, Layoffs, and CEO Bobby Kotick - "The $200 Million Man"

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170 170 views
4m Mar 17, 2021
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Activision's executive compensation is in the news again, and on the heels of layoff rumors...again.

Just how do they do it?!

Well, activist investor CtW Investment Group, is certainly helping, as they make the case that a "Shareholder Value Creation Incentive" provision in CEO Bobby Kotick's employment agreement is acting as a "loophole" to normal bonus metric calculations...and giving him $200M in the process.

But are they right? And just what do layoffs in Activision's eSports division (or the issuance of $200 BattleNet gift cards) have to do with it anyway?

Negotiated override provisions aren't "loopholes"...in Virtual Legality.

#Activision #Compensation #Layoffs


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Discussed in this episode:
"Investor Group Pissed Activision Blizzard CEO Is Getting A $200 Million Payout"
Gamespot - March 17, 2021
https://www.gamespot.com/articles/investor-group-pissed-activision-blizzard-ceo-is-getting-a-200-million-payout/1100-6488906/

"Mutiny! EA's Shareholders are NOT Happy (VL282)"
YouTube Video - August 11, 2020 - Hoeg Law
https://youtu.be/ay4V1T6F9rM

Change to Win Webpage
http://www.changetowin.org/

CtW Investment Group "Engagements"
https://ctwinvestmentgroup.com/engagements-all/

Form 8-K (Robert A. Kotick Employment Agreement)
Filed November 25, 2016
https://www.sec.gov/Archives/edgar/data/718877/000110465916159113/a16-22182_18k.htm

"Activision Fires Dozens Amid Shift Away From Live Events"
Bloomberg - March 16, 2021
https://www.bloomberg.com/news/articles/2021-03-16/blizzard-fires-50-people-amid-shift-away-from-live-events?srnd=technology-vp&sref=ExbtjcSG

"Activision Blizzard lays off 50 employees as the company reexamines its live event business"
GameDailyBiz - March 17, 2021
https://gamedaily.biz/article/1996/activision-blizzard-lays-off-50-employees-as-the-company-reexamines-its-live-event-business


"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).

CHECK OUT THE REST OF VIRTUAL LEGALITY HERE:
https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo

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.


DESIGN WORK
Joe Ellis (Logo Design)
Chris Leroux (Motion Graphics)
For more information: contact Chris at @Chrisleroux on Twitter.

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1 Comment

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NorthernBaron @northernbaron 4m 4 months ago

I saw that thumbnail and thought for a second it was about SsethTzeentach lol

 
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