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50 per cent voluntary pay cut for Activision Blizzard’s CEO

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Activision Blizzard’s CEO Bobby Kotick has taken a voluntary 50 per cent pay cut in line with company targets.The pay cut comes as his contract is renewed until 2023, to more closely reflect company targets with an $875,000 reduction in base salary.

His bonus pay will also see a dramatic reduction, as an annual target bonus has also been cut by 50 per cent.Company shareholders had previously raised concerns that Kotick was being paid too highly, a complaint which was supported by CtW Investment Group who assess excessive executive pay.

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