Did you know that one of the most prominent CEOs in the world today was almost fired?
According to court filings obtained by Bloomberg , parent company Vivendi was prepared to fire Activision CEO Bobby Kotick over his refusal to approve any sale of Vivendi's shares that didn't include his investment group.
In October 2013, Activision picked up about 429 million company shares from Vivendi for approximately $5.83 billion. Then, a separate investment group headed by Kotick and Activision chairman Brian Kelly purchased an additional 172 million shares from Vivendi for $2.34 billion. In response to this, Vivendi's CEO Jean-Francois Dubos asked in an email:
"I really wonder who’s going to fire him."
The then-CFO and Activision chairman responded:
"Myself, happily. Tomorrow if you want."
Kotick and Kelly are facing investor claims that their investment group wrongfully benefited from purchasing 25 percent of Vivendi's Activision shares at the same discount offered to Activision. Of course, at the end of the day, whether Kotick is fired or not, he still emerges with a truckload of money. It's just funny that they considered canning him, isn't it?
The evil President Business continues to line his pockets with unfair business practices, exploitation and robbery of workers, and amazing bonuses for self and top biz people who do the least work.
He looks like he should be selling vented aluminum awnings to retirees or pitching snake oil on late-night infomercials.
I'd fire half of Activision. All the money they make and less than impressive games? yeah…too suspicious for my tastes.
so…………. WTF are you waiting for.!?!?!?!?!?!?!?!?!?!?!?
Firing him would cost shareholders at this point. They may not like him, but they'd have to be willing to take a big hit.
Most of the time these greedy choices aren't done because the decision makers want to get rich. It's because firing him would make shareholders mad which would get them fired.
And I'm just gonna go out on a limb here and say that people who work for Activision likely care about their own careers more than they care for the company itself.
Honestly Kotick really is quite an ugly man, not just in looks (I mean, that perfectly rounded hair and deceiving smile of confidence and hurt).
No need to thank me. Not my jealousy talking. Straight from the heart.
okay so is he a bad CEO or is it just personally whatta u think.