Activision Blizzard Merger Generates $40 Million Payday For Top Executives
The top two executives at Vivendi [http://www.activision.com].
According to a report in the Activision Blizzard [http://www.ft.com/cms/s/bce9e644-a6c2-11dc-b1f5-0000779fd2ac,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Fbce9e644-a6c2-11dc-b1f5-0000779fd2ac.html%3Fnclick_check%3D1&nclick_check=1], and Brian Kelly, co-chairman of Activision who will hold the same position at the newly-formed company, each stand to receive $10 million in "change-of-control" cash bonuses. Along with that, they will each receive 363,637 restricted shares in the company, worth approximately $10 million more at current market values.
Kotick will also receive another 1.25 million shares, linked to performance, over the next five years, and was given a further 1.85 million share options at the prevailing market rate. Other benefits they were due as a result of a takeover were waived by both men.
According to figures released last week by Vivendi, the company's Blizzard Entertainment arm, responsible for the topped the 9 million [http://www.worldofwarcraft.com] user mark worldwide.
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The top two executives at Vivendi [http://www.activision.com].
According to a report in the Activision Blizzard [http://www.ft.com/cms/s/bce9e644-a6c2-11dc-b1f5-0000779fd2ac,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Fbce9e644-a6c2-11dc-b1f5-0000779fd2ac.html%3Fnclick_check%3D1&nclick_check=1], and Brian Kelly, co-chairman of Activision who will hold the same position at the newly-formed company, each stand to receive $10 million in "change-of-control" cash bonuses. Along with that, they will each receive 363,637 restricted shares in the company, worth approximately $10 million more at current market values.
Kotick will also receive another 1.25 million shares, linked to performance, over the next five years, and was given a further 1.85 million share options at the prevailing market rate. Other benefits they were due as a result of a takeover were waived by both men.
According to figures released last week by Vivendi, the company's Blizzard Entertainment arm, responsible for the topped the 9 million [http://www.worldofwarcraft.com] user mark worldwide.
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