Shareholders of Activision Blizzard Inc’s CEO Robert Kotick approve a $ 155 million payment package with a 54% margin on Monday after the company made a rare move to delay voting for executive compensation by a week. Did.
Manufacturers of popular video games such as “World of Warcraft” and “World of Warcraft”call of DutyFaced with a campaign against CEO payments from a group of investors, the company has not addressed concerns over the past few years.
Investors criticized Activision Blizzard’s expansion Cotic’s Employment Contract Until 2023, the period they say is too short to significantly reduce his salary.
The deputy advisor, Instituteal Shareholder Services, Inc. (ISS), also opposed Kotic’s payments and called it “oversized.”
Kotick’s salary vote was originally scheduled for June 14, but the company has postponed it so that investors can fully see the changes they have made to his compensation. Activision Blizzard said it reduced the maximum possible payment for one of Activision’s stock incentives by 40%, increased the number of shares it had to hold, and limited other bonuses.
“The additional time requested by shareholders allowed us to take a thorough look at the facts about Activision Blizzard’s rigorous performance-based compensation practices,” the company said in a statement.
Activision Blizzard He also said the company’s share price performance was “extraordinary.” Executive compensation is usually related to the performance of the company.
Most companies are notching wage support from almost every investor. Less-supported people say they will change salaries, such as drug distributor Cardinal Health.
Michael Verner, director of executive compensation research at CtW Investment Group, a partnership fund that led the campaign against Cotic’s compensation, said: .. “The changes we’ve made so far aren’t enough to be content with glory.” “
Activision Blizzard CEO Gets $ 155 Million Paid Package
Source link Activision Blizzard CEO Gets $ 155 Million Paid Package