The firm was established in July 2008 via the merger of Activision, Inc. (the publicly traded moms and dad firm of Activision Posting) as well as Vivaldi Games. As of March 2018, it is the largest video game company in the Americas and also Europe in terms of earnings and also market capitalization. The business has actually also been entailed in several notable controversies, including allegations of infringed licenses and unpaid aristocracies. The suit triggered an investigation by the U.S. Stocks as well as Exchange Payment, multiple work environment walkouts, the resignation or termination of several staff members, the loss of several company occasion sponsors, and the business proceeding to get hundreds of workplace harassment allegations. Microsoft revealed its intent to obtain Activision Blizzard for $68.7 billion on January 18, 2022.
Bobby Kick, the CEO of Activision Blizzard, is currently one of the most controversial figures in the gaming industry. Despite the numerous scandals around the company, Kick receives very large sums of money through his position. For example, in June last year, more than half of the company’s investors decided that the CEO is to receive $155 million.
The Acquisition Activision Blizzards by Microsoft is currently the question of what happens to the Activision CEO if the business was completed at the latest in June 2023. As a result, some interesting information became out, including the severance payment sum, Kick should be fired.
Bobby Kick’s collections
As part of his contract, a number of payments were determined, which Kick receives from various reasons. The sums are composed of a salary-dependent compensation, a lump sum, follow-up services, and shareholders.
If Bobby Kick can no longer exercise his position through his death or disability, the current CEO or his relatives scarce $250 million. After a termination for good cause, 264,524 US dollars are waiting for him.
300 million US dollars for Kick after termination
When Bobby Kick is released without any important reason, or he himself should terminate for good cause, he receives a sum of $265.175.849 US dollars. The last potential compensation is currently most interesting. This comes into force, should Kick be released without any important reason, or he terminates for good cause after a change of leadership occurs. Kick can be pleased here at short $300 million.
What counts exactly after a change of leadership as important reason is of course different from case to case, but it should not be too difficult for Kick to find such a reason. Microsoft itself has so far only wonder what will happen to the CEO after the conclusion of the deal. Perhaps a discharge for important reason is part of the conditions for the takeover.
The acquisition of Activision Blizzard by Microsoft is definitely one of the largest stories in the gaming world. We have already tried to classify how the video game landscape could change thereby. For more detailed information, however, we will probably have to wait a lot of time.