Activision Blizzard boss Bobby Kotick takes a 50% pay cut, but could still earn millions in bonuses
Activision Blizzard boss Bobby Kotick has accepted a 50 percent pay cut to his base salary, but could still earn millions of dollars in bonuses.
A recent investor filing revealed Kotick has extended his employment agreement to 31st March 2023, but with a significant base salary pay cut. Kotick was earning $1.75m a year from his base salary. He will now earn $875,000 a year.
Kotick has also agreed to reduce his target annual bonus by 50 percent, which is a potential reduction of $1.75m for each of the 2021 and 2022 fiscal years.
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