Call of Duty maker Activision's CEO Bobby Kotick saw an 800 percent pay raise in 2012, as his total cash-and-prizes compensation leapt to $64.9 million. In 2011 his total pay was $8.1 million.
Kotick is now the second highest paid public-company CEO in the US, Bloomberg reports, behind Oracle founder Larry Ellison.
The vast majority of Kotick's pay increase came from $55.9 million in stock awards, which will vest over the next five years. His total cash salary for 2012 was inline with his previous earnings: $8.33 million.
Activision's report states that Kotick exceeded his performance goals goals on operating income, diluted earnings per share, and free cash flow. Kotick did not meet his target in the expansion of profit margins, however.
Kotick will receive another $16 million if he steers Activision towards its highest performance targets in 2013.
"We don't like any element of this pay package," said GMI Ratings corporate-governance consultant Nell Minow to Bloomberg. "In the past we have expressed concern about this company and its compensation practices."
"The lack of information provided by the compensation committee is a red flag," continued Minow. "It's very difficult to discern how they determined this compensation package from the information that's been provided."
Activision states that it now has a market value of $16.5 billion, and posted a net income of $1.15 billion for the financial year.
The publisher is rumoured to be unveiling its next Call of Duty title on May 1.
Anda sedang membaca artikel tentang
Bobby Kotick earns $64.9m in 2012
Dengan url
http://bergayasantai.blogspot.com/2013/04/bobby-kotick-earns-649m-in-2012.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Bobby Kotick earns $64.9m in 2012
namun jangan lupa untuk meletakkan link
Bobby Kotick earns $64.9m in 2012
sebagai sumbernya
0 komentar:
Posting Komentar