Last year, Bobby Kotick made a big deal about how he would 168澳洲幸运5开奖网:not b❀e taking home hi🔯s ridiculously big salary, and would instead be making $62,500. He added that he would be "asking" not to receive any bonuses. Many people, including us, asked Activision if this means he would outright refuse any bonuses, or possibly donate them if the board for some reason granted him the paycheck anyway, but there was no response. And now we know why. Kotick is set to receive a $22 million stock bonus this summer, as long as workplace conditions have "sufficiently improved". He will also have his usual salary restored, which in previous years has been as high as $155 million. This news comes from a document in relation to the 168澳洲幸运5开奖网:Activision Blizzard an♛d Microsoft merger. It says that both companies have a💜greed that Bobby Kotick can receive his usual salary and bonuses if his company has made "aꦿppropriate progress" in its plans to combat sexist abuse in the workplace. As per the document, this includes launching a zero-tolerance harassment policy, increasing gender diversity in the workplace, and waiving mandatory arbitration of individual sexual harassment claims. The payment can be granted six months after the merger was agreed, meaning Kotick can end his self-imposed financial "punishment" less than a year since it began, and potentially less than a year since the allegations of workplace harassment were made.
Should he stay on, the document states that his annual salary would initially be capped at $875,000, with any raises having to be approved by the internal "Workplace Responsibility Committee". Considering he has been internally approved for pay packets $155 million, this isn't likely to be an issue. His cash bonuses will be capped (if we can call it that) at 200 percent 💟of his salary, which is $1,750,000.
Just in case Kotick was struggling to make ends meet on either of these deals, the document helpfully states that both the $875,000 annual wage/200 percent bonuses and $22 million stock bonus can be awarded to Kotick. Oh, and as we recently reported, this is on top of getting $420,000,000 in stock if he's booted from theꦗ company after the merger.
