In an extension agreement filed with the SEC this morning, Bobby Kotick, CEO of Activision Blizzard, has agreed to cut both his salary and annual bonus by 50%. Two other incentives, the Transformation Transaction Award and Shareholder Value Creation Incentive have also been eliminated, the latter of which was previously reported to be worth upwards $200 million in stock value - although after tax withholdings it actually amounted to about $41 million instead.
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