If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Activision Blizzard CEO Bobby Kotick's salary and annual bonus take 50% cut

Bobby Kotick's tenure at Activision Blizzard has been extended, but the veteran CEO's salary is dropping.

Activision Blizzard has revealed in a new SEC filing (via Wowhead) that it's extending CEO Bobby Kotick's employment.

Kotick's contract was initially set to end December 31, 2021 but has now been extended to March 31, 2023. Kotick, who has been the company's CEO for more than 30 years will be, however, receiving a 50% cut to his base salary as well as his annual bonus.

Activision Blizzard's board has decided to do this based on shareholder feedback, to "incorporate market best practices" and in order to directly connect pay to performance. You may recall that Kotick's compensation package was criticised by some Activision Blizzard shareholders in the past, who felt that he was paid too much, even when having laid off staff.

The board has also eliminated two other bonuses for Kotick, namely the Transformation Transaction Award, and Shareholder Value Creation Incentive. Effective January 1, 2021 and until the end of this contract extension in March 2023, Kotick's yearly salary is dropping from $1,75 million to $875,000.

Kotick, however, may end up earning about the same over the next two years. The filing states that the CEO is eligible for an annual bonus that could go as high as 200% of his base (reduced) salary. 80% of that bonus will be based on the company's financial objectives, and 20% are reserved for "measurable environmental, social, and governance (“ESG”) initiatives" for each fiscal year.

Activision Blizzard's Compensation Committee will determine that value, and how the bonus will be paid (cash, stocks). In short, he's eligible for another $1,75 million in bonuses for every fiscal year, should company milestones be met.

About the Author

Sherif Saed avatar

Sherif Saed

Staff Writer

Whether it's news, reviews, or interviews - Sherif is always eager to tell you about video games. He plays shooters more than a sane person should, and occasionally has the skills to show for it.

Support VG247

You give us money, we give you an ad-free reading experience, merch discounts, a newsletter every month, and elite status amongst your friends.

See more information


More News

Latest Articles

VG247 logo

Buy our t-shirts, yeah

They're far more stylish than your average video game website tat.

VG247 Merch