CFO bonus and lay offs

Community General Discussion
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So i was reading online that the CFO at Activision - Blizzard got a $15 million bonus last month and now the company is going to be laying off a load of people… It is getting harder and harder to stand by the company. While the big dogs bathe in cash while the people who want to do their best and give us quality products get crapped on.

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That’s sad.
why would anyone need more than $1 million dollars a year ?
people are disgusting

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Welcome to real life pal.

Work smarter not harder :+1:

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Its a mini view of what politics and the world we live in are doing.

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Yep.
people in power just use loop holes and tax write offs to decimate the poor.

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We’re a hamster on a wheel Funk, I’m an old dude and can honestly say I used to dream of serving my country, but over the years I’ve seen the country treat guys like me as pawns in their political game, going so far as having us die in wars we should never have been involved in only for market dominance. Just look to the middle east to see that.

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I agree the fact that any one person makes 15 million as a bonus for a month is just a joke, the fact that people don’t revolt against it, is even worse.

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Next time, try reading past the headline and read that actual article itself too. Because you missed a few things:

Durkin will get $11.3 million of restricted stock tied to operating income and earnings-per-share targets, and a $3.75 million sign-on bonus.

That’s according to Bloomberg. So of that $15 Million, they really only handed him about 20% of it in actual money which was to entice him to come back.

The rest is stock and even then it’s not fully transferred to him unless certain conditions are met… hence the “tied to operating income and earnings-per-share targets”.

His actual salary is only $900,000 with a $1.35 million target bonus.

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You need to read the SEC filing in detail as that’s a misconception.

The bulk of that $15 million was in the form of stocks Durkin can’t even vest until March 2020. And only if Activision Blizzard meets certain financial goals. He also still needs to be employed at Blizzard for him to vest them at all.

Here’s a link to that SEC filing -

https://investor.activision.com/node/32176/html

Durkin only actually got $3.2 million in cash as a sign up bonus. Since he can’t vest his stock options till March 2020 he can’t even use the rest of it for anything until then.

Durkin’s technically covering the equivalent of 4 positions as he was also appointed president of a new division where he would act as a higher level COO for 3 other divisions within Blizzard.

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Lol a million a year. Majority of people dont make six figures let alone 7.

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And that’s not the fault of Activision-Blizzard. Yet people will blame the company for others’ career paths and the salaries inherent to them.

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I think op was trying to say the people getting paid less care more and bring more to the game.

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There is an article where on of the hedge fund billionaires is reacting to the new congress person’s call for a 70% tax on earnings over ten million dollars a year. His reaction was priceless, he went on about how he would barely be able to scrape by on that small amount of money.

I just laughed.

:cookie:

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Oh wow only 3.2 million dollars to run a video game company and yet I make sure the water coming out of peoples taps won’t kill them and I make a very very small fraction of that.

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While that may be a fair assessment of what he’s saying… I think the guy in charge of making sure his company does well and is successful cares, as well… he just went to school for something different and then worked his behind off to get where he is, too. Quite possibly with more degrees. Or at least different ones.

People choose their career paths knowing how the ladder works. Some people change later. Others keep going forward.

My current boss makes a ton more than I do, but I understand that while cutbacks are necessary, she doesn’t get paid out of the same pool as I do, and I don’t begrudge her the degrees she has to do what she does compared to me and mine.

We can’t pay people from stocks. There’s no taking money from the CFO and handing it to other departments to pay people. Corporations and stocks don’t work that way. But uninformed people will make threads like this. :woman_shrugging:

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Hopefully activision splits from blizzard and the game can return to its roots.

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Wait what? I thought “all blizzard devs were horrible and need to be fired, none of them are the original team” can we choose who to blame and stick to it? was it chris, was it celestlon, was it bashiok, was it ghostcrawler, jeff, mike, alex, ion, lore, the entire dev team, activision, blizzard, the pvp team, the pve team, the art team, the design team? who is the one at fault, can we make up our mind?

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Hey i mean Blizz could go the same way as bungie, leave activision to go to tencent, the people in charge of diablo immortal, and some of the worst clickbait mobile games ever.

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It’s an economy of scale, really.

If you service 1,000 homes to make sure the tap water doesn’t kill people, and they pay you $80/hour, that’s not too bad. If you service millions of people, and they pay you $10/month, that’s pretty nice.

It’s not that the first job is less valuable, it’s that you don’t reach enough people to make the same money.

I think that’s something we all have a hard time with, too. Why should a music star make more than a doctor? I don’t think our economy works that way, though. It’s just about how many people you’re reaching, and how much they’re willing to pay you.

A video game company that’s successful makes a load more money than any one doctor, engineer, or civil servant. Not because they’re objectively better or because society has deemed them more important. Rather, it’s because individual people have all decided they’re a little important, and it adds up that 10 million people all thinking one thing is a little important makes it a surprisingly big deal.

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The amount of ignorance and armchair business men in this thread is staggering.

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