Bobby Kotick Biography, Age, Family, Wife, Salary, Net Worth, Activision Blizzard

Bobby Kotick Biography

Bobby Kotick born as Robert A. Kotick is an American businessman who serves as CEO of Activision Blizzard.

Early in his career, he was the head of various technology companies. He purchased a stake in Activision in 1990 and became CEO the following year. He engineered the Activision Blizzard merger and became CEO of the combined company in 2008.

He is on a couple of company boards. He was a director at Yahoo! from 2003 until 2008. He was elected an outside director of The Coca-Cola Company on February 16, 2012.

Bobby Kotick Age

Kotick was born in 1963 in Long Island, New York, United States. He is 56 years old as of 2019

Bobby Kotick Education

He studied at the University of Michigan in the 1980s. In 1983, Steve Jobs advised him to discontinue his studies in Art history and run his software company full-time. He took the advice and left the University of Michigan.

Bobby Kotick Family

He has been married once. He was married to Nina Kotick. The couple divorced in late 2012. He resides with his family in California

Bobby Kotick Moneyball

He appeared as a cameo, a former A’s owner Stephen Schott in the 2011 American sports film “Moneyball

Bobby Kotick CEO

Kotick and his accomplice Brian Kelly purchased a 25% stake in Activision in December 1990 and moved toward becoming CEO in February 1991. Kotick additionally filled in as an author of International Consumer Technologies and was President from 1986 to January 1995. In 1995, International Consumer Technologies turned into a completely claimed backup of Activision.

At Activision, Kotick set out to manufacture “an institutional quality, well-overseen organization with an emphasis on the free engineer.” In a June 14, 2010 meeting with gaming blog Kotaku, Kotick expressed, “… [P]art of the entire theory of Activision was whether you’re claimed by and large or not, in case you’re a studio you have control of your fate, you could settle on choices about who to procure, adaptability on what items to make, how to make them, plans fitting to make them, spending plans.”

Bobby Kotick Activision Blizzard

Kotick designed the Activision Blizzard consolidation, and investors of Activision Blizzard endorsed Kotick as CEO of the joined organization on July 9, 2008. In 2009, as revealed by Forbes magazine, Robert Kotick got around $3.2 million USD in pay, advantages, choices, and motivations for his work with Activision Blizzard, of which $953,654 was his genuine pay. By 2013, Kotick was the second most noteworthy remunerated CEO in the United States, winning $64.9 million USD, for the most part in stock.

Kotick has utilized Activision Blizzard’s industry position to push accomplices for changes that he keeps up would profit the gaming network. In July 2009, Kotick took steps to quit making amusements for the PlayStation 3 stage if Sony did not cut the cost of the reassure.

Kotick additionally encouraged the British government to compensate Activision for proceeding to put resources into the nation’s pool of game designers by furnishing Activision with similar sorts of expense motivating forces given by Canada, Singapore, and eastern coalition nations. Kotick has propelled an Independent Games Competition with $500,000 altogether accessible prize cash for little engineers working with new stages and has expressed that “keeping enthusiasm in game improvement is something that is imperative to him.”

A few articulations Kotick has made about his business system have prompted discussion. He has concentrated on creating protected innovation which can be, in his words, “abused” over a significant lot, to the prohibition of new titles which can’t ensure spin-offs.

Kotick depicted this business system as “thin and profound” or “annualizable” and referred to it as key to pulling being developed ability who may not be attracted to “theoretical establishments.” During Activision Blizzard’s Q2 2009 budgetary outcomes gathering, Kotick was gotten some information about his “comfort level” in regards to evaluating a portion of his new diversions.

After Activision Publishing CEO Mike Griffith addressed that there was “solid retailer acknowledgment and backing” for the estimating plan, Kotick clowned that “on the off chance that it was left to me, I would raise the costs much further.” Although Phil Elliot of Gamesindustry.biz comprehended the remark as a joke, he included that the remark could be viewed as “obtuse when buyers are probably going to feel the monetary squeeze.”

Bobby Kotick House

He bought his Beverly Hills, California (CA) home for $11M in 2010. The house is currently occupied by his ex-wife Nina

Bobby Kotick Salary | Bobby Kotick Net Worth

He was ranked the 45th most overpaid CEO. His salary ranges from $28,698,375 to $13 million. His net worth is not disclosed

Bobby Kotick Twitter

Bobby Kotick Interview

Game Workers Unite Wants Activision Blizzard to Fire Its CEO

Grassroots labor organization Game Workers Unite is calling on Activision Blizzard to fire its CEO, Bobby Kotick, following massive layoffs at the video game publisher earlier this week.

“Upending 800 workers’ lives while raking in millions in bonuses for you and your c-suite buddies isn’t leadership, it’s theft,” Game Workers Unite said on Twitter Wednesday. “We, the workers of Activision and their friends, have had enough. Join us in saying that it’s time to #FireBobbyKotick.”

Activision Blizzard announced on Tuesday it’s laying off approximately 775 workers, calling the move a “de-prioritizing of initiatives that didn’t meet expectations.” It plans to refocus on core first-party franchises like “Call of Duty,” “Candy Crush,” and “Overwatch.”

But, the publisher also reported record revenues during fiscal 2018. Net revenue last quarter was $2.38 billion, which beat the company’s previous outlook of $2.24 billion. Net income for the year was $1.8 billion, an increase compared to the $273 million it reported for 2017, while net revenue was $7.5 billion, up from $7.02 billion in 2017.

That money, along with the reported $30 million Bobby Kotick makes in a year as CEO, comes from the labor of Activision Blizzard employees, Game Workers Unite said.

“It’s disgusting to hear Kotick boasting about record revenue for the company then announcing an 8% staffing cut in the next breath,” it said. “If we divided Kotick’s obscene annual pay (one the highest paid CEOs in the world), it alone could pay full salaries for all 800 laid off workers.”

Bobby Kotick Photo
Bobby Kotick Photo

The organization also took issue with Activision Blizzard’s recent decision to award its new chief financial officer, Dennis Durkin, a $15 million bonus for taking the job. Durkin served as CFO for five years until May 2017, when he became chief corporate officer, according to Bloomberg. He returned to the role after Spencer Neumann left the publisher to join Netflix.

“Activision, under Kotick’s leadership, gave a $15 million dollar bonus to the CFO just for changing his job title, then they have the gall to turn around and lay off 800 workers just days later? #FireBobbyKotick,” Game Workers Unite said.

“The cycle of layoffs continue to derail our industry because of the prioritization of shareholder profits over workers lives and quality game development,” it added. “If you want to help change the industry for the better, we encourage you to get involved today.”

Variety contacted Activision Blizzard for comment, but it did not immediately respond.

Source: variety.com