Former Google Exec Becomes Multi-Millionaire As COO Of Activision Blizzard
Activision Blizzarddeclares that former Googlegovernment Daniel Alegre shall be its president and chief operation officer as of April 7, 2020. Alegre replaces Coddy Johnson, who strikes to an advisor function beneath Activision Blizzard’s CEO Bobby Kotick. The brand new title comes with a big annual wage in addition to a number of preliminary bonuses totaling a number of million {dollars}, with extra bonuses reported to doubtlessly come sooner or later.
Alegre is not the one Activision Blizzard government that boasts an enormous wage. Final yr, Kotick landed 45th in a listing of the high 100 most overpaid CEOs. This information got here not too lengthy after Activision Blizzard gained a brand new CFO, Dennis Durkin, and reportedly gave him tens of millions in shares and bonuses along with his $900,000 annual wage. Clearly, Activision Blizzard does not skimp when paying their executives. For Kotick and Durkin, their payouts got here after Activision Blizzard introduced a record year of sales in 2018.
Proceed scrolling to maintain studyingClick on the button beneath to start out this text in fast view.
Associated: Extra executives exit Activision Blizzard as firm loses its id
In keeping with GameSpot,Alegre will transfer away from his place as a Google government and can tackle the presidential and COO roles in early April. He shall be accountable for Activision Publishing, Blizzard Leisure, and King Digital, and can report on to Kotick. His beginning annual wage is $1.35 million, and bonuses totaling 100% of his wage might come Alegre’s means within the subsequent yr. He additionally receives an preliminary beginning bonus of $2.5 million and now has inventory in Activision Blizzard value $5 million. The mix of Alegre’s wage, plus beginning bonuses, inventory, and insurance coverage insurance policies whole virtually $14 million, with extra million-plus greenback bonuses probably.
With that success, it is smart the corporate can afford to present its execs such massive salaries and bonuses, whereas additionally taking equal monetary care of its staff. Sadly, this is not the case. Reportedly, Kotick makes virtually 306 occasions that of his common worker, and in 2019, the corporate was repeatedly lambasted on social media for shedding tons of of Activision Blizzard staff regardless of its 2018 monetary success.
The disparity between Activision Blizzard’s government and worker pay is staggering. With Alegre now becoming a member of and the stories of his wage and bonuses coming to gentle, it is changing into an increasing number of clear that the corporate many not have the very best pursuits of its staff at coronary heart. Their monetary success can’t proceed if they don’t have the creators and builders essential to create their video games, and people staff will not stick round if they do not have the motivation to take action. Activision Blizzardcan clearly afford increased salaries for their employees, and if Alegre and Kotick really care about their firm and its staff, they’ll focus extra on the way to create a greater monetary setting for everybody.
Subsequent: It will get worse: Activision Blizzard beneath investigation for securities fraud
Supply: GameSpot
Everything We Know About Halo Infinite