Bobby Kotick Cashes In
Look at his smug face...Published: 13:16, 16/11/2009 by Gastos84.
81Robert Kotick, the man who was instrumental in Modern Warfare 2′s high RRP, has just netted himself over $20 million. Activision’s CEO has cashed in stock that was put aside for him in 2000 and, with share prices peaking at $11.5107 during the sale of his shares, he has now pocketed more than $20,191,806.
Mr. Kotick shed 1,931,102 shares to earn his latest cash sum. According to Gamasutra, he shed around 2 million shares back in August when Activision’s stock rose to $12.44 per share; earning him another $25 million.
Now, I’m not going to go on one of my usual rants because It will only smack of jealousy. This is great business sense and congratulations to him. I will say this…
It puts Activision’s $1 million donation to US troops into perspective.
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