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mikemil828
May 15, 2008

A man who has said too much


Harrow posted:

I’m sure many would love to but don’t have the financial security to just leave a job and hope for the best.

Even if they don’t have the financial security to just leave, it’s high time to man the lifeboats, a leaking ship is a sinking ship, and Activision Blizzard is awfully leaky.

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anime was right
Jun 27, 2008

death is certain
keep yr cool


unionize already ffs

if the board stands by bobby for this, theres nothing else you can do

Herstory Begins Now
Aug 5, 2003



William Bear posted:

The fact that they had a man and a woman co-leading Blizzard after a sexism scandal, and they paid the man more for doing the same job, is so tone-deaf that I can't believe it's real.


it boggles the loving mind, even knowing how stupid and inept activision leadership is, it's still jaw dropping

Kith
Sep 17, 2009

You never learn anything
by doing it right.




William Bear posted:

The fact that they had a man and a woman co-leading Blizzard after a sexism scandal, and they paid the man more for doing the same job, is so tone-deaf that I can't believe it's real.

it's surreal to hear when the dumbest possible scenario that people joked about is exactly what happened

tithin
Nov 14, 2003

[Grandmaster Tactician]



stev posted:

He didn't even deny that one. Jesus loving Christ what an awful human being.

While it's probable that the root cause of the "we can't fire Kotick" is the fact that they'd have to pay him a third of a billion dollars, might also be worth looking at the board to figure out who old mate's holding skeletons against.

WSJ posted:

In 2006, one of his assistants complained that he had harassed her, including by threatening in a voice mail to have her killed, according to people familiar with the matter. He settled the matter out of court, the people said.

The Activision spokeswoman said: “Mr. Kotick quickly apologized 16 years ago for the obviously hyperbolic and inappropriate voice mail, and he deeply regrets the exaggeration and tone in his voice mail to this day.”

christ alive, he really is just going to post through it.

Grondoth
Feb 18, 2011


William Bear posted:

https://twitter.com/stephentotilo/status/1407658278893592579

Even if Kotick is fired for cause, he still makes more money than the average AB employee makes in a few years of work. Why do companies set up executive compensation plans like this? You'd think they'd want to strongly incentivize their leadership not to get fired for cause as much as possible.


EDIT: I wonder if his recent request to the board to reduce his compensation affected the above. Maybe his plan is to get fired!

This makes the fact that the board is stickin' with him make more sense. 292 is a ridiculous sum for making a CEO leave, so the fact that they haven't taken the most obvious move makes much more sense. I don't know why they signed this contract, but knowing it's like a AAA budget to fire the guy is an understandable barrier protecting his neck.

anime was right
Jun 27, 2008

death is certain
keep yr cool


Grondoth posted:

This makes the fact that the board is stickin' with him make more sense. 292 is a ridiculous sum for making a CEO leave, so the fact that they haven't taken the most obvious move makes much more sense. I don't know why they signed this contract, but knowing it's like a AAA budget to fire the guy is an understandable barrier protecting his neck.

they signed the contract because in spite of bobby kotick being a monster he made them a lot of money and gave them the infinite growth shareholders desire

A Buttery Pastry
Sep 4, 2011

Delicious and Informative!
:3:


Grondoth posted:

This makes the fact that the board is stickin' with him make more sense. 292 is a ridiculous sum for making a CEO leave, so the fact that they haven't taken the most obvious move makes much more sense. I don't know why they signed this contract, but knowing it's like a AAA budget to fire the guy is an understandable barrier protecting his neck.
Pretty smart of him to have death pay out nearly as much.

Rogue AI Goddess
May 10, 2012

I enjoy the sight of humans on their knees.
That was a joke... unless..?


https://twitter.com/HardDriveMag/status/1460722257949564930

16-bit Butt-Head
Dec 25, 2014



anime was right posted:

unionize already ffs

Cythereal
Nov 8, 2009



https://twitter.com/Pedro_Anonimo/status/1460648278740160512?s=20

RoboChrist 9000
Dec 14, 2006

mater dolorosa

I can't believe the pedophile billionaire turned out to be a bad man!

The Lord of Hats
Aug 22, 2010



https://kotaku.com/bobby-kotick-actually-wrote-fran-townsends-deranged-co-1848069983

quote:

Today, somehow, this email has returned and become even more explosive, with the Wall Street Journal reporting that Townsend didn’t even write it. Besieged Activision Blizzard boss Bobby Kotick did. The story says that Kotick, who “approves most internal companywide emails, as well as media responses”, drafted the email himself, and then directed that it be sent under Townsend’s name, likely because she was one of the few women executives at a company run predominantly by men.

An Activision rep responding to the WSJ’s reporting says Kotick now “takes responsibility for the incident and regrets it”, and adds “Ms. Townsend should not be blamed for this mistake.” If you remember at the time, Kotick criticised the email as having been “tone deaf”, despite the fact that it now turns out he wrote it himself."

:shepface:

stev
Jan 22, 2013

Please be excited.





https://twitter.com/xpatriciah/status/1460736555803455488

If nothing else the man's getting mad exposure.

PneumonicBook
Sep 26, 2007

Do you like our owl?





Ultra Carp

That Jen Oneal cut+paste.

sharknado slashfic
Jun 24, 2011




The remaining wow players are going to get cross faction guild housing in the next patch, that'll be nice for them

Nae
Sep 3, 2020

what.



stev posted:

https://twitter.com/xpatriciah/status/1460736555803455488

If nothing else the man's getting mad exposure.



The progression from top to bottom is like watching a jack o lantern rot in real time

Chillgamesh
Jul 29, 2014

I JUST CAN NOT FUCKING SHUT THE HELL UP ABOUT BUNNYBOYS!!!!!!!! hOLY SHIT TAILS!!! THATS WHAT I CALL POGGERS!!!!!!!!!!!!!!!!!!!!!
FUCK



So let me get this straight: He wrote the letter that said "We value women and minorities here actually and everyone who works here thinks so", then forced a female underling to sign her name on it before publishing it

This is the $440m/y guy?????

CharlieFoxtrot
Mar 26, 2007


Chillgamesh posted:

So let me get this straight: He wrote the letter that said "We value women and minorities here actually and everyone who works here thinks so", then forced a female underling to sign her name on it before publishing it

This is the $440m/y guy?????

https://www.youtube.com/watch?v=2_nUztwPiEY

King Cohort
Mar 14, 2010



Don't worry, the board of directors says Bobby is clean as a whistle!

https://twitter.com/mrfeelswildride/status/1460699458019102721?t=TelGemwFVy7NqPPg0nKbow&s=19

30.5 Days
Nov 19, 2006



Chillgamesh posted:

So let me get this straight: He wrote the letter that said "We value women and minorities here actually and everyone who works here thinks so", then forced a female underling to sign her name on it before publishing it

This is the $440m/y guy?????

Kotick is dumb as a post- read this article about the flight attendant case.

https://latimesblogs.latimes.com/entertainmentnewsbuzz/2010/08/activision-ceo-kotick-loses-battle-with-top-hollywood-litigator.html

1. Fires first lawyer who won't fight a losing battle
2. Hires big name attorney for a shitload of money and tells her never to settle no matter what even if it'd be cheaper to do so.
3. Refuses to actually pay them halfway through the case, gets fired as a client
4. Brings on a third attorney and ends up paying what the first two laywers told him to settle for + the plaintiff's attorney fees.
5. Second lawyer sues him for the money he owes and he goes into arbitration.
6. Arbitrator rules for the lawyer, and then he spends a shitload of money appealing that and loses.

The guy would just go into negotiation meetings and talk about how he was going to ruin the plaintiff's life right in front of her attorneys and then get mad when it got brought up with the arbitrator, like they were cheating. Just one of the world's dumbest and most evil people.

The Gadfly
Sep 23, 2012


B...b...but he makes good business decisions! :downs:

Sure, if you consider trading short term profit in exchange for destroying studio's reputations a good business decision.

Eej
Jun 17, 2007

HEAVYARMS

Considering how many billions he has siphoned off to himself and shareholders and how big Activision-Blizzard has grown over the years, yes he has made objectively good business decisions. It just so happens that things that are good for business are awful for workers and everyone else.

anime was right
Jun 27, 2008

death is certain
keep yr cool


stev posted:

If nothing else the man's getting mad exposure.

no wonder hes so well paid

Regalingualius
Jan 6, 2012


sharknado slashfic posted:

The remaining wow players are going to get cross faction guild housing in the next patch, that'll be nice for them

Nah, they’ll get five new endgame progression systems that each take a thousand hours to max out for a 0.4% damage increase

William Bear
Oct 25, 2012

"That's what they all say!"


Why would investors be satisfied by Kotick? ATVI has had it's stock price decline 26% since the beginning of 2021. The S&P is up 27% over the same period.

Though to be fair, video game stocks have done poo poo this year. EA is 0.04% up. Take Two is down 10%. Ubisoft is down 47%.

Ragnar34
Oct 10, 2007



Lipstick Apathy

If it cost nine figures to fire me, I'd be pretty bad at my job too. Annual pay, a zillion dollars to take me off the payroll? You're never seeing my rear end again. Come to think of it, they should have been suspicious of Kotick's judgement the moment he showed up to work on day one, like some kind of sucker.

The Gadfly posted:

B...b...but he makes good business decisions! :downs:

Sure, if you consider trading short term profit in exchange for destroying studio's reputations a good business decision.

Short term profit really might more valuable than a studio's reputation, possibly even in the long term if Kotick weren't so aggressively failing to stick the landing.

Nybble
Jun 28, 2008

praise chuck, raise heck

William Bear posted:

ATVI has had it's stock price decline 26% since the beginning of 2021. ... Ubisoft is down 47%.

coincidence, but maybe having shitbags for leaders can be bad for a company. one can hope

Eej
Jun 17, 2007

HEAVYARMS

William Bear posted:

Why would investors be satisfied by Kotick? ATVI has had it's stock price decline 26% since the beginning of 2021. The S&P is up 27% over the same period.

Though to be fair, video game stocks have done poo poo this year. EA is 0.04% up. Take Two is down 10%. Ubisoft is down 47%.

Probably because of this:



ATVI spiked to about $18 on July 2008 when it merged with Blizzard and peaked at $101 this year in February before settling down to a little north of $90 until the scandals started breaking. The S&P went up 312% in the same period.

Herstory Begins Now
Aug 5, 2003



Nybble posted:

coincidence, but maybe having shitbags for leaders can be bad for a company. one can hope

Unironically it's starting to look like repeated scandals from untouchable leadership has very tangible results on productivity because everyone is too busy printing resumes and posting on twitter about what a shithole the company has become. This then gets compounded by key people leaving and hiring basically outright stopping. Next thing you know it's taking you 4 years to develop OW2, which is a glorified expansion pack

Herstory Begins Now fucked around with this message at 01:14 on Nov 17, 2021

Eej
Jun 17, 2007

HEAVYARMS

Herstory Begins Now posted:

Unironically it's starting to look like repeated scandals from untouchable leadership has very tangible results on productivity because everyone is too busy printing resumes and posting on twitter about what a shithole the company has become. This then gets compounded by key people leaving and hiring basically outright stopping. Next thing you know it's taking you 4 years to develop OW2, which is a glorified expansion pack

It's not like it matters because investors have already reaped huge returns from ATVI. Making a Good Product can be pretty orthogonal to what's best for shareholders when a company is publicly traded.

William Bear
Oct 25, 2012

"That's what they all say!"


Eej posted:

Probably because of this:



ATVI spiked to about $18 on July 2008 when it merged with Blizzard and peaked at $101 this year in February before settling down to a little north of $90 until the scandals started breaking. The S&P went up 312% in the same period.

A fair point. I guess the question is if the damage to ATVI in the last year is transitory.

Rad Russian
Aug 15, 2007

Soviet Power Supreme!


Grondoth posted:

This makes the fact that the board is stickin' with him make more sense. 292 is a ridiculous sum for making a CEO leave, so the fact that they haven't taken the most obvious move makes much more sense. I don't know why they signed this contract, but knowing it's like a AAA budget to fire the guy is an understandable barrier protecting his neck.

Boards and CEOs are a circlejerk of back-scratching, that's why CEO salaries have soared into the stratosphere over the last few decades compared to worker wages. Board directors and CEOs are usually friends, and CEOs themselves often serve on other boards where they decide salaries of other lovely CEO friends. So obviously they'll approve constant raises and ridiculous contracts as they're all playing golf together this Saturday and the CEO you just raised a salary for is on your own board. Or at the very least he's a best friend or a cousin of one of your board directors and will make a phone call if you don't rubber-stamp his crazy new contract.

Back in the day, large companies owned by the public would typically have some oversight from the shareholders, however, companies discovered a loophole by selling stock with no voting rights. Your favorite Google stock you're buying on Robinhood comes with no voting rights, unlike the higher class shares that executives and billionaires own. Or it's a crazy ratio like shares sold to the peasants come with 1 vote per share, and each higher class share for the insiders is equivalent to 10 votes per share. That assures that all board control and CEO pay decisions stay with very few individuals.

Both of the above should be much more strictly regulated by the govt but alas, you're going against big money donations in that case.

Rad Russian fucked around with this message at 02:29 on Nov 17, 2021

Ouroboros
Apr 23, 2011


Yeah in modern capitalism publicly traded stock prices are so utterly divorced from good, sustainable business practice as to render them almost meaningless unless you are a speculator or a scammer.

Dick Burglar
Mar 6, 2006
Check out my hot takes because I'm a straight white male

Ouroboros posted:

unless you are a speculator or a scammer.

Why'd you write the same thing twice?

RagnarokZ
May 14, 2004

Emperor of the Internet

Rad Russian posted:

Boards and CEOs are a circlejerk of back-scratching, that's why CEO salaries have soared into the stratosphere over the last few decades compared to worker wages. Board directors and CEOs are usually friends, and CEOs themselves often serve on other boards where they decide salaries of other lovely CEO friends. So obviously they'll approve constant raises and ridiculous contracts as they're all playing golf together this Saturday and the CEO you just raised a salary for is on your own board. Or at the very least he's a best friend or a cousin of one of your board directors and will make a phone call if you don't rubber-stamp his crazy new contract.

Back in the day, large companies owned by the public would typically have some oversight from the shareholders, however, companies discovered a loophole by selling stock with no voting rights. Your favorite Google stock you're buying on Robinhood comes with no voting rights, unlike the higher class shares that executives and billionaires own. Or it's a crazy ratio like shares sold to the peasants come with 1 vote per share, and each higher class share for the insiders is equivalent to 10 votes per share. That assures that all board control and CEO pay decisions stay with very few individuals.

Both of the above should be much more strictly regulated by the govt but alas, you're going against big money donations in that case.

Doesn't help that the Chairman of the Board and the CEO in most American companies are the same person, so they person that proposes the wages changes are the same person that benefits from it.


In Denmark, that's illegal, the Chairman and CEO most be different person, but that's due to some accounting fraud back in the late 80's and early 90's.

Smithwick
Jun 20, 2003


RagnarokZ posted:

Doesn't help that the Chairman of the Board and the CEO in most American companies are the same person, so they person that proposes the wages changes are the same person that benefits from it.


In Denmark, that's illegal, the Chairman and CEO most be different person, but that's due to some accounting fraud back in the late 80's and early 90's.

For US publicly traded companies, executive compensation is set by a subset of the BoD, the Compensation Committee. The committee must be composed of “independent” board members, those not employed by the company. This gives the veneer of avoiding conflict of interest. However, given the nature of board composition this has little real impact.

Cythereal
Nov 8, 2009



https://twitter.com/IGN/status/1460921049139273728

SirPhoebos
Dec 10, 2007

WELL THAT JUST HAPPENED!

I'm convinced at this point that Act-Blizz is engaged in amateur-grade financial fraud. Specifically the sort that you could only get away with because no one would think that a multi-billion dollar corporation would do something so stupid.

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Dick Burglar
Mar 6, 2006
Check out my hot takes because I'm a straight white male

SirPhoebos posted:

I'm convinced at this point that Act-Blizz is engaged in amateur-grade financial fraud. Specifically the sort that you could only get away with because no one would think that a multi-billion dollar corporation would do something so stupid.

One of the investigations will no doubt turn up a whiteboard with "COMPREHENSIVE LIST OF CRIMES DONE" written on it.

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