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Bobby Kotick Was Almost Fired
Filed under: ACTIVISION, BOBBY KOTICK

Vivendi higher-ups almost fired Activision Blizzard CEO Bobby Kotick in May 2013. When Vivendi was discussing selling Vivendi's shares of stock back to Activision, Kotick threatened to quit if they didn't let him lead an investor group that bought most of Vivendi's stock.

In response to Kotick's threats, Vivendi's then-CEO asked who would fire him. Vivendi's CFO at the time Philippe Capron "happily" offered to fire Kotick. Richard Sarnoff, one of Activision's independent directors, said he would help Vivendi if they did fire Kotick.

This was unearthed in emails from the executives as presented in a current lawsuit regarding the sale. Several shareholders have accused Kotick and his investment group of violating their fiduciary duties to shareholders by "approving a self-dealing and unfair transaction." A judge in Delaware recently ruled that the suit has merit, and Kotick and Activision chairman Brian Kelly must face these shareholders' claims.

[Source]



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xeromist Jul 16 2014, 03:21 pm EDT
Almost doesn't cut it. WTB pics of Bobby panhandling.
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