Honestly, the community needs to either start researching or stop hating so much on how much execs make. Don't be jealous because these business owners make more than either your minimum wage job or 9-5 desk job. It takes a lot to get where they get. Anyways for all you needing some help understanding this process....its not a foreign concept for CEOs to take pay cuts. Last year, former Walt Disney CEO Bob Iger, whose annual base salary last fiscal year was $3 million, had his salary reduced to zero. Southwest Airlines CEO Gary Kelly, who had a base salary of $750,000 in 2018, had his pay cut by 10%. And General Electric CEO Larry Culp, who had a base salary of $2.5 million last year, is forgoing his salary for the remainder of the year. While the executives take their pay cuts, they are compensated on stock shares and bonuses.For example: Iger’s total compensation amounts to $47.5 million, while Kelly’s is $7.73 million, and Culp’s is $24.5 million. Which makes these mostly a symbolic effort in the press. When companies reduce executive and worker pay, and their workforce, they’re trying to reduce overall labor costs and increase the operating margin between revenue and cost, which in turn help elevate the company’s share price. So if your compensation is heavily based on the stock shares you own in your company, you might cut your pay in half, but your stock shares might rise five times that much,Lately, it looks like there’s a subtle shift in the actions of CEOs. Some top executives have agreed to take salary cuts and have pledged to not enact any layoffs. Their sudden shift toward altruism could be attributed to several things: the angry backlash against CEOs, a true attempt to do good in a challenging time, guilt over their actions or a shrewd public relations ploy. Whatever their reasons, CEOs have started to accept some accountability. The CEOs of a number of large corporations have pledged to not lay off workers. While this may be the case for some instances I am not protecting Kotick. I think this decisions comes from losing some high level salaries and the necessity for Blizzard to bring in new talent with decent pay/benefits. Companies aren't always evil, unless you are either a C-SUITE or Above you won't really know much of what is going on internally...So here is my jab at Asmongold...He is an unskilled, untrained, non-professional capitalizing on younger gaming generations to make money. He has no expertise in business..business management or business intelligence. He is not trained in marketing or business ethics. So, it is with a fine point...none of his "schticks" drive Blizzard to do what is best for the company, these are all handled by the C-Suite and above.
He'll retire in a year with a huge retirement payout, guaranteed
Forum dwellers aren't gonna be happy no matter what. At least it's something. And in my opinion, this something appears to be pretty significant. Is it a PR stunt? Probably. It's probably a reaction to the onslaught of negativity they've received. So isn't that a good thing? Doesn't that mean that the voices of many were heard? Don't come at me with maths and taxes and numbers and percentages lol. My brain doesn't work like that. But on paper, this looks good to me.
Titel is misleading. The word "his" is missing.
Maybe he is listenning after all, is he the ultimate chad ?
Comment section is full of angry communists.
That's fantastic.
A good start, but that's what it is.
Nice, now he's not outrageously paid for a ceo. He will be only paid a normal ceo salary.Small win but I'll take it.Next is for ATVI to start paying tax and they'll become atleast somewhat respectable.
I've said from the beginning this was never his fault or him being "greedy". They agreed to the bonus in his contract when they first hired him, and he met the terms of his contract. If people have a problem with it they should take it up with the board for creating that pay structure in the first place. That's a completely different criticism and debate.That being said, the entire stock market has been up due to the influx of cash from people investing their stimulus checks, not necessarily the company performing better so it's not necessarily his leadership that caused them to meet those goals. Regardless I'm glad they addressed it.
Had to check the calendar to make sure this is, well... not another out of season April's Fool joke.About time is all I have to say, should've done it when the pandemic started.
Removed