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Sounds like Bobby Kotick has chosen his scapegoat. They're not even being called "president", now, just "co-leaders": he's taking the opportunity to consolidat

Sounds like Bobby Kotick has chosen his scapegoat. They're not even being called "president", now, just "co-leaders": he's taking the opportunity to consolidate more power too.

apozem 5y ago
Jason Schreier: > Titles mean a lot in the corporate world. Until 2018, Mike Morhaime was CEO. When Brack took over, he was president. Now, Oneal and Ybarra are described as "co-leaders." > A clear glimpse at who's really in charge: Bobby Kotick https://twitter.com/jasonschreier/status/1422536264851640320?s=20 https://twitter.com/jasonschreier/status/1422536264851640320...
deleted 5y ago
[deleted]
NewLogic 5y ago
Crazy Bobby is not even a billionaire considering how unethical his leadership methods are.
- hannasanarion 5y ago
  Bobby is definitely a billionaire. His net worth is currently estimated at $7 billion. After all, how could you possibly not be a billionaire when you're reaping a salary of $150 million for 12 years?
  - WJW 5y ago
    By spending more than 66.66667 million USD per year, obviously. The same reason that my personal net worth is quite a bit lower than the sum of my incomes over the years.
  - pyrrhotech 5y ago
    150 million after tax = 75 million. Spend half and save half, left with 37.5 million. Investing 3 million a month at 10% returns gets you to 800M after 12 years. It's damn hard to become a billionaire, even when you make 150M. Most reports I've seen have Kotick's net worth significantly less than 800M though. He's known as a very high spender
    - Miner49er 5y ago
      It's not hard if you make that much, just make $150 million and live like you make $100,000. Invest $74.9 million a year at even just 3% a year makes you a billionaire. I don't see how not spending $37 million is hard.
      - datavirtue 5y ago
        Live like you make $100k? So like border line poverty?
        Miner49er 5y ago
        The median income in the US is around $36,000 a year. $100k a year is a lot of money.
        dkersten 5y ago
        Besides, you could also live as if you make a million and still have 74 million a year after tax to save.
        scrollaway 5y ago
        But, why? If you're making $150 million / year, why would you "live as if you make a million"? Like, what are you saving up for? A rainy day?
        dkersten 5y ago
        To become a billionaire, of course! I mean, yeah, I wouldn't care, life's too short not to use the money for something.
        lovich 5y ago
        Do you actually believe that's borderline poverty?
      - 5y ago

Sounds like Bobby Kotick has chosen his scapegoat. They're not even being called "president", now, just "co-leaders": he's taking the opportunity to consolidate more power too.

apozem 5y ago

Jason Schreier: > Titles mean a lot in the corporate world. Until 2018, Mike Morhaime was CEO. When Brack took over, he was president. Now, Oneal and Ybarra are described as "co-leaders." > A clear glimpse at who's really in charge: Bobby Kotick https://twitter.com/jasonschreier/status/1422536264851640320?s=20 https://twitter.com/jasonschreier/status/1422536264851640320...

deleted 5y ago

[deleted]

NewLogic 5y ago

Crazy Bobby is not even a billionaire considering how unethical his leadership methods are.

hannasanarion 5y ago
Bobby is definitely a billionaire. His net worth is currently estimated at $7 billion. After all, how could you possibly not be a billionaire when you're reaping a salary of $150 million for 12 years?
- WJW 5y ago
  By spending more than 66.66667 million USD per year, obviously. The same reason that my personal net worth is quite a bit lower than the sum of my incomes over the years.
- pyrrhotech 5y ago
  150 million after tax = 75 million. Spend half and save half, left with 37.5 million. Investing 3 million a month at 10% returns gets you to 800M after 12 years. It's damn hard to become a billionaire, even when you make 150M. Most reports I've seen have Kotick's net worth significantly less than 800M though. He's known as a very high spender
  - Miner49er 5y ago
    It's not hard if you make that much, just make $150 million and live like you make $100,000. Invest $74.9 million a year at even just 3% a year makes you a billionaire. I don't see how not spending $37 million is hard.
    - datavirtue 5y ago
      Live like you make $100k? So like border line poverty?
      - Miner49er 5y ago
        The median income in the US is around $36,000 a year. $100k a year is a lot of money.
        dkersten 5y ago
        Besides, you could also live as if you make a million and still have 74 million a year after tax to save.
        scrollaway 5y ago
        But, why? If you're making $150 million / year, why would you "live as if you make a million"? Like, what are you saving up for? A rainy day?
        dkersten 5y ago
        To become a billionaire, of course! I mean, yeah, I wouldn't care, life's too short not to use the money for something.
      - lovich 5y ago
        Do you actually believe that's borderline poverty?
    - 5y ago