The one wrench in the deal? Kotick’s contract. According to Axios’ Stephen Totilo (who served as the former editor-in-chief for Kotaku from 2012-2021), Kotick made $155 million in 2020. Despite asking for a pay cut from the board earlier this year, Kotick could get as much as $293 million if terminated. This leaves a very complicated situation for Activision Blizzard and begs the question: allow the company to take a $293 million hit in its financials, or continue to tarnish the brand as long as Kotick remains CEO?
Credit: Stephen Totilo, Axios
With Diablo IV and Overwatch 2 already delayed, there is definitely a crisis at Activision Blizzard. As of this writing, Kotick has not yet stepped down or been fired. In the near future, there may be more employee walkouts unless Kotick steps down or is fired. Even then, he will still walk away with as much as $293 million, leaving gamers to ask if there is anything resembling justice in the gaming industry.