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He's being rewarded for growing net income roughly a hundred fold between 2010 and now. I think it's fair that he gets a huge chunk of the value he's created fo
by e63f67dd-065b 3y ago
He's being rewarded for growing net income roughly a hundred fold between 2010 and now. I think it's fair that he gets a huge chunk of the value he's created for investors.
- xinayder 3y agoHe also got a $200mi bonus shortly after he laid off 200 employees: https://frontofficesports.com/activision-blizzard-ceo-bonus-employee-layoffs/ https://frontofficesports.com/activision-blizzard-ceo-bonus-...
- e63f67dd-065b 3y agoAnd? Laying off 200 employees isn't really that much, Activision-Blizzard employs 17k people after all, and he is creating a lot of value. Boards want to incentivise CEOs to take moonshots -- for institutional investors, a 50% chance to make $100 million is better than a 100% chance to make $30m. Keeping employees around for the sake of keeping them around is just bad business. A 1% layoff isn't a cost cutting exercise, it's just organisational reshuffling. Employee churn is a fact of life, no need to get too hung up over it. The optics might be not great, but that doesn't really matter.
- lotsofpulp 3y agoThere is no concept of “fair”. It is just what he and the board ended up negotiating.
- satvikpendem 3y agoIn a market economy, what's negotiated between the parties involved is the true value of that item, so in a way, that is what is fair.
- esotericimpl 3y ago[dead]
- AlexandrB 3y agoWhat about the value that the actual developers created for investors? Oh, that's right, many of them got fired for their efforts.
- bluescrn 3y agoShort term gains, long-term destruction of beloved franchises