The departure of Activision CEO Bobby Kotick is imminent: the controversial boss of the game publisher will probably say goodbye to the company at the end of the year. The consolation prize is impressive, as he is entitled to almost 300 million US dollars as compensation.
The recently approved $70 billion takeover of Activision Blizzard by Microsoft also has consequences within the purchased company. According to a press release, CEO Bobby Kotick sent an email to Activision Blizzard employees reaffirming their intention to make the transition as smooth as possible.
In this context, Xbox boss Phil Spencer asked him to stay on board as CEO of Activision Blizzard – a proposal that Kotick agreed to until the end of 2023. From these lines it can also be seen that Kotick will no longer hold this position at the turn of the year. It cannot be conclusively assessed whether the departure is also related to the allegations of rampant sexual abuse and bullying within the ATVI workforce. Kotick allegedly arranged the Microsoft deal to avoid any liability for the allegations.
Kotick sweetens his farewell with a tidy sum: According to US media The Activision CEO will receive a severance payment of $293 million. In addition, this amount could continue to increase, because if Kotick also sells his company shares to Activision Blizzard, he could expect at least another 400 million US dollars, according to the portal Kotaku reported.
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