Activision CEO Kotick among top-paid CEOs in U.S

Sun Apr 28, 2013 4:08pm EDT

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(Reuters) - Videogame publisher Activision Blizzard Inc's Chief Executive Robert Kotick received a total compensation of $64.9 million last year, making him one of the top paid CEOs in the United States.

Kotick's 2012 total compensation includes about $56 million in stock awards, while there were no stock awards for 2011. His base salary doubled to $2 million, according to regulatory filings on Friday. (r.reuters.com/bew67t)

The $56 million in stock awards will be paid over five years and is contingent upon meeting certain goals for company performance.

Kotick, 50, also a board member of Coca-Cola Co, was paid $8.33 million in 2011 by Santa Monica-based Activision.

The company's revenue and net income, however, rose only in single digits for 2012, slower than the growth rate it saw in 2011.

Activision's Kotick makes more than three times the $21 million pay package received by Goldman Sachs Group Inc's CEO Lloyd Blankfein in 2012, and it is 50 percent higher than Walt Disney Co CEO Robert Iger's $40.2 million compensation in 2012.

Kotick has been a director and CEO of Activision Inc since February 1991, and in July 2008, he became CEO of Activision Blizzard in connection with the combination of Activision and Vivendi Games.

(This story was corrected to show that $56 million will be paid over five years and is contingent upon company performance)

(Reporting by Thyagaraju Adinarayan in Bangalore; Editing by Lisa Shumaker and Maureen Bavdek)

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Comments (2)
QuietThinker wrote:
Most of that money belongs to the shareholders – they are being robbed.

Apr 28, 2013 5:11pm EDT  --  Report as abuse
migganator wrote:
How about you take some of that mony WE paid you and fix some of these problems that’s going on..I have had a green sceen with no guncant see my gun,cant aim ,no map,brightness going on)Now its doing it on all the zombies to,,,I pais a lot for all this,I have 5 xboxs 360′s in my house and I buy 5 of each and I haven’t been able ot play…I’m a 40 year old mother who feels completely wronged rightnow…please fix this or pay me back..lol but seriously fix it….thank you

May 01, 2013 9:51pm EDT  --  Report as abuse
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