The Activision Blizzard board has said that under Kotick, Activision Blizzard’s market capitalisation has increased from less than $10m to over $70bn, with an 8100 percent increase in shareholder return between 2000 and 2020.
In a lengthy letter to staff, Kotick today outlined “progress and commitments made at Activision Blizzard”, with five new changes announced today.
Kotick previously earned $1.75m per year running the Activision Blizzard empire, which also includes mobile game maker King.
In June, Activision Blizzard shareholders narrowly voted to approve a $155m pay packet for Kotick, for awards tied to a 2016 goal of doubling the company’s market capitalisation.