CtW Investment Group, which describes itself as an investment company that “holds directors accountable for irresponsible and unethical corporate behavior and excessive executive pay,” is up in arms about a stock bonus due to Activision-Blizzard CEO Bobby Kotick.
While CtW claims it is a $200 million bonus, a rep for Activision told TheWrap that no bonus has been paid yet and the amount of that bonus is currently undetermined.
The CtW slam on Kotick’s “Shareholder Value Creation Incentive” (SVCI) comes on the heels of an announcement earlier this week that Activision has laid off nearly 190 employees, including 50 from the company’s e-sports division, which mainly handles live events.