CFO bonus and lay offs

[Leafblight-dark-iron (Leafblight)]

That’s probably because they haven’t. Activision has, or at least, is supposedly releasing a press release saying as much on tuesday.

[Arnieshwartz-burning-blade (Arnieshwartz)]

The guys at the top are responsible for the money, so they get bonuses. You can always speak with your wallet and stop supporting them if you find it that egregious. It is, however, very common practice.

[Qubert-proudmoore]

This is a standard practice for every corporation in the country. You can thank the Trump tax cuts. If you want to save WoW vote for a democrat in 2020.

The issue is far bigger then any president, Democrat or Republican. Financial inequality is way out of hand with no change in site regardless of witch party sits in the white house.

For starters we would have to get a law back in place that limits CEO salary and bonuses. Used to be one. I forget what year that was voted out. Of course it was a vote in Congress, we the people had zero say on the matter. Makes me wonder why there is a voting system for the people at all if we never get to vote on the stuff that really matters. Guess just for the illusion that we have power.

[Akston-bloodhoof (Akston)]

That’s probably because they haven’t. Activision has, or at least, is supposedly releasing a press release saying as much on tuesday.

Oh.

So you mean we are all making things up about whats going on…and getting mad about it…before Activision Blizzard even says whats up?

[Lorsaire-earthen-ring (Lorsaire)]

You don’t. But you don’t pay out million dollar bonuses at the same time when your excuse for the layoffs isn’t that the people weren’t needed, but because stock prices were down.

You do if you need to incentivize the talent that’s getting the bonus to stay if there is a threat they might leave and you absolutely need them.

Businesses are not charities. They make the decisions they make because they are trying to be successful and maximize their long term profits.

Sure some RARE few CEOs out there have created something amazing, “even if they stole most of it,” and worked their butts off

You seem to have a seriously misguided sense of what it takes to be a CEO and do that kind of job.

the vast majority of the top 0.1% of the world inherited their wealth. They did nothing to earn it, and they don’t deserve it for winning the birth lottery.

And… your stats are way off, especially here in the U.S. where the bulk of the 0.1% is fluid and changes frequently precisely because they do earn their income and wealth, and also tend to lose it and fall out of that category…

but even those who inherit wealth… that wealth isn’t yours or mine or any kind of communal fund they have access to. It’s private property of those who earned it and then passed it on to those they designated. I’m not in the 0.1%. I’m not even in the top 1%. But you are showing a seriously inflated sense of entitlement in so much of what you write in this thread it’s almost unbelievable.

[Leafblight-dark-iron (Leafblight)]

1. I said the world, not the US.
2. The founding fathers would disagree. Read some of the papers they wrote about the evils of inherited wealth. You’ve been brainwashed to accept a system where you are forever a peon. This country was strongest back when the tax rate on the richest of us was at 90%

[Lorsaire-earthen-ring (Lorsaire)]

1. I said the world, not the US.
2. The founding fathers would disagree. Read some of the papers they wrote about the evils of inherited wealth. You’ve been brainwashed to accept a system where you are forever a peon. This country was strongest back when the tax rate on the richest of us was at 90%

I haven’t been brainwashed at all. I started in an ignorant state as a kid where I held views more similar to your own. And then I bothered to educate myself and go deeper into understanding economics. That forced me to take facts into account and since I didn’t want to be someone who held onto false ideology in contradiction to reality once I saw I was wrong, I was forced to change my views.

Over time I’ve continued to invest in my own human capital and use that to earn my way into a comfortable state. And I’m continuing in that and will likely continue to rise and continue to earn my wealth, and assuming the government doesn’t go full bore socialist and tank the economy and turn us into Venezuela, I’ll probably retire in comfort with the steady and sure knowledge that I earned it and didn’t rely on handouts.

Without a doubt, Capitalism and economic freedom is one of the most powerful and nearly miraculous ways in which to cure poverty, and we are seeing that play out world wide. Supporting Capitalism is in fact a moral cause, and fighting against it for cronyism, government coercion, and/or corruption is basically a blight on humanity. Is it perfect? No. But it’s still one of the best inventions humanity has come across for the sake of the species.

As for the 90% tax rate “strongest” bunk, you realize that’s because most of the rest of the world at that point was bombed out from WWII and trying to recover from vast amounts of destruction both in durable goods, buildings, and staggering amounts of human lives and human capital… right? That’s a recipe for disaster in the modern world economy where competition actually matters.

[Noobàdin-dalaran (Noobàdin)]

The rich never paid that 90% rate dude.

[Phydeaux-windrunner (Phydeaux)]

There are way too many people in these forums that don’t understand business, economics, or how the real world works.

But I guarantee you, if a person who had less than them came over to claim they deserve 6 pay off what they had they wouldn’t like it.

It’s always easy to play with money when it isn’t yours.

[Leafblight-dark-iron (Leafblight)]

No but effective tax rates were between 45-60% back then. Now the richest people pay the lowest percent.

[Lorsaire-earthen-ring (Lorsaire)]

No but effective tax rates were between 45-60% back then. Now the richest people pay the lowest percent.

You realize the richest 10% of Americans pay roughly 70% of all income taxes, yeah?

And that top richest 50% pay roughly 97% of all income taxes?

[Leafblight-dark-iron (Leafblight)]

Two statistics that mean nothing when a nurse pays a higher percentage than someone taking home millions. Look keep defending them all you want. Eventually the masses rise and nations fall when greed is allowed to flourish like this.

[Lorsaire-earthen-ring (Lorsaire)]

Two statistics that mean nothing when a nurse pays a higher percentage than someone taking home millions. Look keep defending them all you want. Eventually the masses rise and nations fall when greed is allowed to flourish like this.

You seem to have a really distorted sense of what’s going on out there.

Those stats do matter, percent means far far less. The richest in this country are already paying for nearly everything. Well, nearly everything that hasn’t just been put into the national debt because of our gross overspending problem.

You seem to just think rich people are evil for nothing more than the sake of the fact that they are rich, or at least you certainly act like it.

[Conorn-dreadmaul (Conorn)]

Wanna fight effectively without breaking the law?

Boycott. Publicly. Loudly. But peacefully.

[Lumineus-whisperwind (Lumineus)]

Yeah, you tell 'em! That’ll really show these limousine liberals running Silicon Valley what-for!

[Waidmann-gilneas (Waidmann)]

THanks for clarifying that for me but still isn’t going to stop the from saying his hiring is the reason people are being laid off and that it’s his fault things aren’t fixed yet even though we know he is not to blame for any of it.

[Notagin-kul-tiras (Notagin)]

No but effective tax rates were between 45-60% back then. Now the richest people pay the lowest percent.

You realize the richest 10% of Americans pay roughly 70% of all income taxes, yeah?

And that top richest 50% pay roughly 97% of all income taxes?

If what you say is true, then tax rates might be too low at the top considering that the the top 1% holds more wealth than the bottom 90%.

https://www.washingtonpost.com/news/wonk/wp/2017/12/06/the-richest-1-percent-now-owns-more-of-the-countrys-wealth-than-at-any-time-in-the-past-50-years/

[Carhagen-moon-guard (Carhagen)]

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.

Nothing has been confirmed yet, until it does get confirmed there’s no point getting worked up over what may not even happen. But let’s say it does, let’s say there are mass layoffs at Activision-Blizzard…

First, we don’t know where those layoffs will happen. There are multiple companies under the Activision-Blizzard umbrella, and Blizzard is just one of many. Given that Blizzard is still hiring for many positions in their company, I doubt that they’ll be facing severe layoffs. The majority of the job losses will likely come from Activision or its subsidiaries.

Secondly, the ‘15m bonus’ was not a large cash chunk which could have been used to keep any potential layoffs in their positions. The vast majority of said bonus was paid out in restricted stock, which can’t even be traded and has no cash value for a whole year. What cash he did get (roughly $3 million) wouldn’t have funded Activision-Blizzard or its subsidiaries for longer than a few days.

But let’s say for the sake of hypothetical argument that Durkin got paid $15 million in cash, straight up in a briefcase, mafia style. Do you know how long that briefcase of cash would have lasted? A week, two weeks at max. Not enough considering that Activision-Blizzard has a lean 2019 as far as game releases are concerned.

[Malfosa-whisperwind]

Don’t bother trying to explain stuff to people like funk, or detei. they have their agenda and narrative and anything that falls outside of that or challenges it, they just ignore completely.

True, but then there are the folks who will buy that crap at face value. So my posts are more for them than just the pleasure of reading those others to filth.

[Olcar-zangarmarsh]

As a HR specialist let me tell you this : compensation via stock option is an awful idea the way it is implemented. It makes C-Suite executive take short term decisions for short term profits. They will cut expenses (lay offs, less training, etc.) to maximize short term profit and doing so they hurt the company’s long term viability (which they don’t care because they won’t be there).
If stock options are in the compensation package better make sure these stocks can’t be use for a long term period to orient the behaviors of the C-suite towards long term viability.