CtW Investor Group is report­ing that Activi­sion Bliz­zard CEO Bob­by Kotick is set to receive a huge cash pay­out of $200 mil­lion. Accord­ing to a state­ment, the firm is rather unhap­py with this, as it appears to come hand in hand with a loop­hole in the sys­tem. CtW is an activist investor group who’s mis­sion is to hold direc­tors and exec­u­tives account­able for what they describe as irre­spon­si­ble and uneth­i­cal cor­po­rate behav­ior. The num­bers report­ed appear to be from their own calculations.

Kotick will report­ed­ly receive this mas­sive pay­out thanks to the “Share­hold­er Val­ue Cre­ation Incen­tive” pro­vi­sion in his employ­ment agree­ment. This loop­hole allows Kotick to get a full per­for­mance equi­ty pay­out from pre­vi­ous years regard­less of whether com­pa­ny mile­stones were met. With the com­pa­ny’s share price increas­ing over 66 per­cent since Decem­ber 2019, Kotick will cash in rewards dat­ing back to 2017.

CtW Invest­ment Group gave a state­ment which reflect­ed sim­i­lar­ly to what was pre­vi­ous­ly said last year when thy crit­i­cized the Activi­sion Bliz­zard CEO for mak­ing more than $30 mil­lion in 2019.

While the increase in Activi­sion’s stock price is some­what com­mend­able, as we stat­ed last year and con­tin­ue to assert, this achieve­ment alone does not jus­ti­fy such a sub­stan­tial pay out­come for the CEO,” direc­tor of exec­u­tive com­pen­sa­tion research Michael Varn­er said. “There are many fac­tors that may con­tribute to a rise in this par­tic­u­lar com­pa­ny’s stock price that may not be direct­ly attrib­ut­able to Robert Kotick­’s lead­er­ship. The use of video games as one of the few enter­tain­ment options avail­able amid the COVID-19 pan­dem­ic, for exam­ple, has been a boon to many com­pa­nies in the gam­ing indus­try irre­spec­tive of exec­u­tive tal­ent or strate­gic decisions.”

Through­out 2020, the CtW has tak­en aim at both Activi­sion Bliz­zard and Elec­tron­ic Arts for exor­bi­tant pay of their exec­u­tives. How­ev­er, the two com­pa­ny’s care lit­tle about the crit­i­cisms, defend­ing Kotick­’s pay­out and vot­ing against a com­pen­sa­tion pack­age. Kotick, along with EA CEO Andre Wil­son, has been ranked some of the coun­try’s most-over­paid CEO’s in the past.

Although the two are like­ly to not be con­nect­ed, Activi­sion Bliz­zard has report­ed­ly laid off 190 employ­ees. 50 of those were respon­si­ble for live events like esports matches.