After delaying the vote last week, Activision Blizzard shareholders ultimately approved the company’s Say-On-Pay proposal, though just shy of half of those shareholders voted against the package.
Following today’s shareholder vote, a statement from Activision Blizzard shows that the company believes the delay was the correct move.
Bobby Kotick’s paycheck is even more controversial than usual this year, despite a significant cut to the Activision Blizzard CEO’s salary for this year and next.
The company maintained that the package includes meaningful compensation changes like Kotick’s salary reduction, changes it says were made with the express purpose of addressing shareholder concerns.
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