| Net Worth: | $600 Million |
|---|---|
| Gender: | Male |
| Height: | 5 feet 6 inches (1.68 meters) |
| Profession: | Businessperson |
| Nationality: | United States of America |
What is Bobby Kotick’s Net worth and Salary?
Robert Kotick Monika called Bobby is an American Businessman who has a net worth of $600 million. He is well known as the chief executive officer of Activision Blizzard.
In 1991, he was appointed CEO of Activision. In 2008, he oversaw the company’s merger with Blizzard. According to market capitalization, Activision is the second-largest publicly-listed video game firm. “World of Warcraft,” “Call of Duty,” and “Candy Crush” are some of its well-known games. More than 10,000 employees work for the company internationally.
Childhood and Education
Robert A. Kotick was born in 1963. He was nurtured in New York and developed a strong interest in business and entrepreneurship.
While still in junior high, he made his first set of business cards, and by the time he entered high school, he was already in charge of his own company.
Bobby pursued his interest in art history at the University of Michigan after finishing high school.
Career
When Bobby was still a student at the University of Michigan in the early 1980s, he began his professional career. In their dorm room, he and a friend founded a technology company and collaborated to develop software for the Apple II.
He and his friend’s software startup obtained a $300,000 investment after the pair were made aware of them by Steve Jobs, who then paid them a visit. They followed Jobs’ advice to quit school and concentrate on software.
Bobby finally succeeded in acquiring a 25% investment in Mediagenic, the business that would later be known as Activision, after a number of fruitless attempts to enter the video game market.
He was the newly founded company’s CEO by 1991, and he guided them to an accelerated rate of expansion. Later, Activision rose to fame thanks to the enormously popular “Call of Duty” video game series.
Bobby led a merger with several companies that make video games in 2006, including Blizzard Entertainment and Sierra Entertainment.
Following the merger, he was appointed CEO of the newly formed business, which took the name, Activision Blizzard. Since the merger, the video game franchises “Diablo,” “World of Warcraft,” and “Overwatch” have made Blizzard famous.
Bobby launched the Overwatch League and shifted his attention to esports in the later part of the 2010s. In 2017, it was revealed that he was now the CEO of a publicly traded tech business with the longest tenure.
The creation of video games based on the most well-known video games from Activision Blizzard is one of Bobby’s most recent expansion initiatives.
Salary
Bobby Kotick’s earnings for the prior year were found to be around $40 million in 2020. (2019). Included in this is a base salary of $30.1 million (down from $31 million in the prior year), in addition to additional incentives, perks, and stock options.
It was discovered in 2021 that Bobby received $154 million in total remuneration in 2020. He was then among the CEOs of publicly traded companies with the highest annual salaries.
After a number of complaints of sexual harassment and assault surfaced within the organization in October 2021, Bobby voluntarily asked that his pay be decreased to $62,500.
Sales and Stock Holdings
Bobby sold nearly $450 million worth of Activision stock between January 2000 and March 2020, according to company documents.
When he sold $347 million worth of his shares in one transaction in August 2016, a significant portion of that windfall was generated.
Bobby owned just under 4 million Activision Blizzard shares at the time the Microsoft agreement was announced. His shares were valued at roughly $250 million prior to the announcement of the Microsoft transaction.
Bobby’s shares were worth $380 million at Microsoft’s $95. the purchase price per share. Additionally, he holds at least 70,000 shares of Coca-Cola.
Controversy
Bobby Kotick became embroiled in controversy in 2020 when multiple Blizzard employees came forward to complain about significant compensation differences, citing his exorbitant salary and total yearly profits as an example of this imbalance.
Bobby was making seven-figure incomes from games like “Overwatch,” “Diablo,” and “World of Warcraft,” but the people who were actually making these games were paid very low rates. He gets over 320 times as much money as the typical Activision Blizzard employee, who makes $97,000 annually.
People shared horrific tales with the group. Because they had no money, several of these employees were skipping meals. Free coffee from the cafeteria was apparently “binged” by some people to stifle their appetites. In fact, one worker revealed that their poor pay was a factor in their decision not to have children.
In light of Blizzard’s success and domination in the video game business, many people were shocked to learn that just a small percentage of company employees were paid six figures.
According to a statement released by Blizzard, more employees received promotions than in prior years, and “top performers” received greater pay raises.
Later, it was learned that their salaries had only gone up by about 10%. Additionally, despite the fact that the business was making record profits at the time, Bobby Kotick had fired over 800 employees a year earlier.
Similar stories are emerging within other game studios, making the wage disparity within Blizzard a microcosm of what’s happening throughout the rest of the video game business. Many workers are expressing a desire to join a union.
However, Bobby did give all Blizzard employees his personal email and phone number in case they ever needed to talk about their problems.
Additionally, Bobby Kotick’s entire business strategy at Activision Blizzard has come under heavy fire. His stated objective is to concentrate on games that can generate revenue over a lengthy period of time and to steer clear of those that cannot ensure the production of sequels.
At the end of the day, Bobby is all about business and chooses which games to release based more on their financial success than their artistic merit.
He made headlines in 2009 when he said, “If it were up to me, I would raise the costs even further.” He was answering a query about Activision Blizzard boosting the prices of its games.
The remark was intended as a joke, but because the majority of consumers were dealing with a global recession at the time, it was perceived as being callous even if it was meant as such.
Bobby Kotick, however, also made a threat to quit creating PS3 titles if Sony didn’t lower the cost of the gaming system.
Also in 2009, this occurred. As part of his efforts to “maintain the love in game production,” he has initiated a variety of initiatives to aid tiny video game producers.
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