Representatives of the investment group CtW Investment Group released a statement in which they urged shareholders to challenge the salary of the head of Activision Blizzard Bobby Kotik. In their opinion, it is still too high. The document was posted on Twitter.
April Kitty signed a new contract with the company for two years, in which his salary was cut in half – to $ 875 thousand, excluding bonuses. According to representatives of CtW Investment Group, this is not enough – the new conditions are of a short-term nature, and also provide for significant bonuses. Therefore, in their opinion, Kitty’s income will remain significantly higher than the industry average.
At the end of 2020, Bobby Kitty received an award of $ 200 million, it became known after the massive layoffs at Activision Blizzard. The amount of bonus remuneration for the head of the company outraged group of investors.