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(Kotaku)   Error 37 worth $56 million   (kotaku.com) divider line 94
    More: Asinine, Bobby Kotick, Nell Minow, stacks, corporate governance, executive pay, Activision  
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13320 clicks; posted to Geek » on 28 Apr 2013 at 5:45 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-04-28 05:14:45 PM
"We don't like any element of this pay package," Nell Minow, of, told Bloomberg. "In the past we have expressed concern about this company and its compensation practices."

Something something vast wasteland
 
2013-04-28 05:46:49 PM
www.omega-level.net
Cash money cash money!!!!!
 
2013-04-28 05:53:10 PM
Disgusting.
 
2013-04-28 05:55:46 PM
Meanwhile, they ganked West and Zampella out of a ton of cash.

// when you lay off the execs for a studio, and almost half the employees leave right after that, you know you were full of bullshiat.
 
2013-04-28 06:00:39 PM

AdolfOliverPanties: [www.omega-level.net image 450x300]
Cash money cash money!!!!!


lololol
 
2013-04-28 06:01:18 PM
Okay, the shares had been trading under $12, rapidly up above $14. It's in his interests to keep the stock values up and keep you happy to buy his products. For five years, at least. In 2017 you can expect everything to release franchise killers to build up stock values to a crescendo as he sells them off. Then fark everyone, he's got his.
 
2013-04-28 06:07:54 PM
Ugh.
Meanwhile the developers and artists and so on that create that money for him are treated like shiat if not outright fired, with terrible pay.
Such is the way of the world.
 
2013-04-28 06:11:57 PM

God-is-a-Taco: Ugh.
Meanwhile the developers and artists and so on that create that money for him are treated like shiat if not outright fired, with terrible pay.
Such is the way of the world.


Somewhere along the line we decided that glad-handing sociopaths were more important than the actual producers.
 
2013-04-28 06:21:17 PM

God-is-a-Taco: Ugh.
Meanwhile the developers and artists and so on that create that money for him are treated like shiat if not outright fired, with terrible pay.
Such is the way of the world.


Supply and demand.

When I hear a young developer say "I want to work for a gaming company!" all I hear is "I want to work in a sweatshop!"
 
2013-04-28 06:21:53 PM
I fear for Blizzard.

Much like the warrior was slowly corrupted by the soulstone fragment in his forehead, I fear, too, that this fate awaits Blizzard.
 
2013-04-28 06:22:48 PM

nmemkha: God-is-a-Taco: Ugh.
Meanwhile the developers and artists and so on that create that money for him are treated like shiat if not outright fired, with terrible pay.
Such is the way of the world.

Somewhere along the line we decided that glad-handing sociopaths were more important than the actual producers.


And when the poor have nothing else to lose, it's time for revolution. Heads will roll....right into the basket.
 
2013-04-28 06:23:35 PM

lohphat: Supply and (artificially driven up) demand.


Fixed that for you.
 
2013-04-28 06:31:29 PM

lohphat: God-is-a-Taco: Ugh.
Meanwhile the developers and artists and so on that create that money for him are treated like shiat if not outright fired, with terrible pay.
Such is the way of the world.

Supply and demand.

When I hear a young developer say "I want to work for a gaming company!" all I hear is "I want to work in a sweatshop!"


I'd like to think that will become less and less of a thing over the years. Hopefully mobile application development will enable us to cut out the middle-man in distribution and find ways of getting larger games to the public without these jackasses like Kotick.
 
2013-04-28 06:40:44 PM

Felgraf: I fear for Blizzard.

Much like the warrior was slowly corrupted by the soulstone fragment in his forehead, I fear, too, that this fate awaits Blizzard.


Or maybe, (if I may switch to another Blizz franchise) Blizzard is Arthas, and Kotick is Nerzhul.
 
2013-04-28 06:44:44 PM
They're going to regret heavily right around the time they're doing handing him stock.

The video games market is crashing hard, and Activision's godawful business model is one of the main culprits.
 
2013-04-28 06:53:27 PM

Marine1: lohphat: God-is-a-Taco: Ugh.
Meanwhile the developers and artists and so on that create that money for him are treated like shiat if not outright fired, with terrible pay.
Such is the way of the world.

Supply and demand.

When I hear a young developer say "I want to work for a gaming company!" all I hear is "I want to work in a sweatshop!"

I'd like to think that will become less and less of a thing over the years. Hopefully mobile application development will enable us to cut out the middle-man in distribution and find ways of getting larger games to the public without these jackasses like Kotick.


Doubtful if on consoles, where one company controls the entire market (and charges 50 dollars for 3 year old games).

On PCs, sure, yeah. I got some awesome deals lately b/c of PC!
 
2013-04-28 07:00:29 PM
So when Kotick inevitably causes the console game market to crash, we can bury him alive a New Mexico landfill?
 
2013-04-28 07:22:42 PM

God-is-a-Taco: Ugh.
Meanwhile the developers and artists and so on that create that money for him are treated like shiat if not outright fired, with terrible pay.
Such is the way of the world.

..

of Warcraft.
 
2013-04-28 07:22:51 PM
Funny how people hate on Activision, considering that they make the best video games.
 
2013-04-28 07:32:04 PM
*sigh*

Mike_LowELL: Funny how people hate on Activision, considering that they make buy development houses that make popular video games and then run them into the ground.


FTFY.
 
2013-04-28 07:43:43 PM

BumpInTheNight: FTFY.


Say that to my face on Xbox Live.  See how hard you get no-scoped.  Lol.
 
2013-04-28 07:44:48 PM

Mike_LowELL: Funny how people hate on Activision, considering that they make the best video games.


No, they distribute. Like a film studio.
 
2013-04-28 07:46:01 PM
Grrr I'm so outraged that I'm just shoveling these people my money.

I keep shoving sharp objects up my arse and it's hurting! What can I do to make my arse stop hurting?
 
2013-04-28 07:48:21 PM
I'm hoping EA will buy out Activision and turn around that mess of a studio outright.
 
2013-04-28 07:54:06 PM

spamdog: Grrr I'm so outraged that I'm just shoveling these people my money.

I keep shoving sharp objects up my arse and it's hurting! What can I do to make my arse stop hurting?


www.fatchick2fitchickblog.com

Try that.
 
2013-04-28 07:58:44 PM

BumpInTheNight: *sigh*

Mike_LowELL: Funny how people hate on Activision, considering that they make buy development houses that make popular video games and then run them into the ground.

FTFY.


I'm looking at their franchises and not really seeing any past triumphs. Looks like they made Guitar Hero and Call of Duty, which sell incredibly well but aren't exactly classics. I'm sure Blizzard can ruin its franchises (most peaked in the 90s - let it go) without any help.
 
2013-04-28 08:01:52 PM

Gunderson: I'm hoping EA will buy out Activision and turn around that mess of a studio outright.


I believe you may be attempting the "suck" equivalent of dividing by zero.
 
2013-04-28 08:08:24 PM

Arumat: Gunderson: I'm hoping EA will buy out Activision and turn around that mess of a studio outright.

I believe you may be attempting the "suck" equivalent of dividing by zero.


Seconded. I have to believe the original comment was ironic or some kind of weird satire.
 
2013-04-28 08:39:57 PM
fark that loser.
 
2013-04-28 08:42:44 PM
The stock is up 10% from a year ago. What kind of board approves a $62m payday for that? Also it is down 10% from 5 years ago. A trained monkey could do a better job than this guy. Hell even Ballmer could do it.
 
2013-04-28 08:46:26 PM
They already ran Guitar Hero into the ground, and now it looks like they're doing the same thing with Call Of Duty.

And nothing of value was lost....
 
2013-04-28 08:51:20 PM
Until people stop playing Call of Duty, Kotick will keep bringing in the big $$$.
 
2013-04-28 09:12:17 PM

moothemagiccow: BumpInTheNight: *sigh*

Mike_LowELL: Funny how people hate on Activision, considering that they make buy development houses that make popular video games and then run them into the ground.

FTFY.

I'm looking at their franchises and not really seeing any past triumphs. Looks like they made Guitar Hero and Call of Duty, which sell incredibly well but aren't exactly classics. I'm sure Blizzard can ruin its franchises (most peaked in the 90s - let it go) without any help.


Considering that World of Warcraft brings in over $100 million a *month* in revenue, I don't think the Blizzard side of the company is going under any time soon... and they are the *only* Activision division making money these days. If it weren't for Blizzard, Activision would have gone under by now.
 
2013-04-28 09:27:02 PM
Good, I hope they add two 0's the end of that paycheck next year, I hope they pay the entire companies worth and then I hope he burns that farking company to the ground and shiats on the ashes with some exiting comment about what fools they all were.  I also hope blizzard dies horribly, but not slowly.  In fact, aside from a few things coming out of steam every so often from indy groups I am farking done with PC gaming.  Console has killed PC gaming, and not because its better, because it is cancer and cancer spreads.  I am enjoying the suffering that it is going through but the wait for its final breath to be drawn is driving me mad.

Just farking die already.

/no, I am not bitter
//maybe a lil
 
2013-04-28 09:34:46 PM

FuryOfFirestorm: So when Kotick inevitably causes the console game market to crash, we can bury him alive a New Mexico landfill?


Just tie him to a tree and say he's a raid boss.
 
2013-04-28 09:38:37 PM
Newsflash:  Publicly traded companies are run for the sole benefit of the CEO and the board, not for the benefit of the company or the shareholders.
 
2013-04-28 09:50:24 PM
lohphat:
When I hear a young developer say "I want to work for a gaming company!" all I hear is "I want to work in a sweatshop!"

Same for me and those wanting to work in IT.  It really is "I want to be screamed at and have doors slammed in my face, I'd also like to go out with a bang by being fired for not being willing to break the law/being able to do the impossible".
 
2013-04-28 09:56:16 PM
The decision to only invest in IPs capable of making a profit with yearly installments is easily worth $65 mil.
 
2013-04-28 10:37:43 PM
Damn, I always thought Kaboom! and Pitfall were awesome, but I didn't think it would lead to this though.
 
2013-04-28 10:58:00 PM

Felgraf: I fear for Blizzard.

Much like the warrior was slowly corrupted by the soulstone fragment in his forehead, I fear, too, that this fate awaits Blizzard.


It will be something cruel like they will start putting in an always online drm into their most popular games... oh wait.  Thanks for ruining Diablo you bastards.
 
2013-04-28 11:00:13 PM
Electrify: Until people stop playing Call of Duty, Kotick will keep bringing in the big $$$.

I stopped buying COD after the Infinity Ward exodus.

// now waiting to see what Respawn Entertainment produces.
 
2013-04-28 11:09:43 PM

orclover: Good, I hope they add two 0's the end of that paycheck next year, I hope they pay the entire companies worth and then I hope he burns that farking company to the ground and shiats on the ashes with some exiting comment about what fools they all were.  I also hope blizzard dies horribly, but not slowly.  In fact, aside from a few things coming out of steam every so often from indy groups I am farking done with PC gaming.  Console has killed PC gaming, and not because its better, because it is cancer and cancer spreads.  I am enjoying the suffering that it is going through but the wait for its final breath to be drawn is driving me mad.

Just farking die already.

/no, I am not bitter
//maybe a lil


Don't worry, there are some pretty awesome titles coming out of kickstarter projects. We just need to cut off the consoles from even being able to do what makes PC games great even further.
 
2013-04-28 11:35:30 PM
I don't like this, but it's a byproduct of capitalism. Companies going public will have to appease stockholders before their customers. Since games and entertainment are consumer goods that are less subject to typical demands and expectations of the consumer (ie: with just about everything else, if the product arrives defective, you can get a refund. That generally doesn't happen with video games), publishers of AAA titles can continue to push anti-consumer features like DRM, day-one DLC, locked DLC content already on disc, and constant connection required. As well, since AAA games have massive budgets, you know that they're going to be pushing pre-orders, which people will snap up just based on marketing hype, long before the product hits the shelves and can be ripped apart by Metacritic reviews in the event the product sucks.

It's because of stuff like this that I'm actually glad I don't have as much spare time to play video games as much as I used to.
 
2013-04-28 11:48:32 PM

Toquinha: I don't like this, but it's a byproduct of capitalism. Companies going public will have to appease stockholders before their customers.


"Stockholders before customers" is actually something relatively new.
http://www.salon.com/2011/03/29/failure_of_shareholder_capitalism/

The rise of shareholder capitalism in the U.S. is often dated to an influential article in the Journal of Financial Economics in 1976, titled "Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure" by Michael C. Jensen and William H. Meckling. They argued that shareholders should demand higher returns from complacent corporate managers. The idea of shareholder value was publicized by a 1981 speech in New York by Jack Welch, who had just taken over General Electric, and by Aflred Rappaport's 1986 book "Creating Shareholder Value."
 
2013-04-29 12:08:21 AM

Cubicle Jockey: Toquinha: I don't like this, but it's a byproduct of capitalism. Companies going public will have to appease stockholders before their customers.

"Stockholders before customers" is actually something relatively new.
http://www.salon.com/2011/03/29/failure_of_shareholder_capitalism/

The rise of shareholder capitalism in the U.S. is often dated to an influential article in the Journal of Financial Economics in 1976, titled "Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure" by Michael C. Jensen and William H. Meckling. They argued that shareholders should demand higher returns from complacent corporate managers. The idea of shareholder value was publicized by a 1981 speech in New York by Jack Welch, who had just taken over General Electric, and by Aflred Rappaport's 1986 book "Creating Shareholder Value."


Thanks for that. Reading it right now.
 
2013-04-29 12:27:05 AM
Video Gamers are the whiniest bunch of deserving cockbags. This guy is raking in your money and you'll keep feeding it to him.  But you'll whine about it the entire time on the internet.
 
2013-04-29 12:38:04 AM
Everyone knows exactly where the money is coming from.

all profits are siphoned off to personal accounts instead of investing in R&D and talent.

When the company is dead and bankrupt, show how much money you made to the CEO of some other place, and repeat.

Jesus Christ this shiat's only been going on 20 years now. How can you not have caught on?
 
2013-04-29 12:40:58 AM

Cubicle Jockey: Toquinha: I don't like this, but it's a byproduct of capitalism. Companies going public will have to appease stockholders before their customers.

"Stockholders before customers" is actually something relatively new.
http://www.salon.com/2011/03/29/failure_of_shareholder_capitalism/

The rise of shareholder capitalism in the U.S. is often dated to an influential article in the Journal of Financial Economics in 1976, titled "Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure" by Michael C. Jensen and William H. Meckling. They argued that shareholders should demand higher returns from complacent corporate managers. The idea of shareholder value was publicized by a 1981 speech in New York by Jack Welch, who had just taken over General Electric, and by Aflred Rappaport's 1986 book "Creating Shareholder Value."


"The verdict is in: The Thatcher-Reagan-Blair-Clinton model of capitalism is a failure. "

Iunno, it seems to be working out pretty well for guys like Kotick.
 
2013-04-29 12:44:34 AM

Felgraf: I fear for Blizzard.

Much like the warrior was slowly corrupted by the soulstone fragment in his forehead, I fear, too, that this fate awaits Blizzard.


Lawl.  Blizzard has been in a dead since 2008.  It'll probably get EA'd after they release Titan.
 
2013-04-29 12:46:05 AM

NallTWD: Video Gamers are the whiniest bunch of deserving cockbags. This guy is raking in your money and you'll keep feeding it to him.  But you'll whine about it the entire time on the internet.


I stopped feeding the garbage pits long ago.
 
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