Reduced Pay for Activision Blizzard CEO Bobby Kotick Narrowly Approved by Shareholders
Activision Blizzard shareholders have approved CEO Bobby Kotick's reduced compensation by a narrow 54% vote, following a one week delay on the Say-On-Pay Proposal issued at the 2021 Annual Shareholder Meeting. Criticized for receiving $41 million in stock bonuses due to a 2016 goal of doubling the company's market capitalization, the CEO agreed to cut his base salary and annual bonus by 50% in a filing extending his employment through 2023.
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