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If you enjoy reading this site, you might also want to check out these Think Services sites:
 Game Career Guide (for student game developers.)
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 Finger Gaming (news, reviews, and analysis on iPhone and iPod Touch games.)
 GamerBytes (for the latest console digital download news.)
 Worlds In Motion (discussing the business of online worlds.)
 Game Set Watch (the Group's alt.game weblog.) |
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Kotick Sells More Activision Shares, Gains $17 Million
by Leigh Alexander
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November 18, 2009
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As Activision announces a $550 million five-day gross for Call of Duty: Modern Warfare 2, CEO Bobby Kotick is again exercising his stock options, selling 1.68 million shares for a total of about $17 million.
This is the second time in recent days Kotick has sold shares; last week, he netted himself $20 million on the day of Modern Warfare 2's launch.
A large quantity of stock vested for the CEO in 2000, when the options were valued at the comparatively meager price of $1.035 per share -- Kotick sold this latest round for prices ranging from from $11.61 to $11.72 per share, according to an SEC filing.
This August, when Activision was trading slightly higher, at $12.44, Kotick sold a volume of 2 million shares and brought in nearly $25 million gross.
Activision shares (NASDAQ: ATVI) rose slightly this morning to $11.78, alongside the company's announcement of Modern Warfare 2's five-day sales achievement -- although Kotick said at the same time that the company's still cautious about consumer spending heading into the holidays.
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Because that's the value the free market placed on it.
There are a lot of people digging ditches for pesos and rubles who envy your salary. When you're willing to have someone arbitrate what you make on a 'fairness scale', let me know. I'll move as far away as possible.