Activision Blizzard’s Financial Director will Receive a $15 million Bonus

Dennis Durkin
Activision management awards Dennis Durkin, who has returned to the post of CFO. He will receive $11.3 million of the agreed $15 million in shares, whose value depends on a number of financial indicators.

Durkin also has a bonus of $ 1.35 million, writes Bloomberg.

Durkin was already the financial director of Activision in 2012-2017. Then he took over the management of the company’s head office. He had to return to his previous position earlier this month, as Activision fired financial director Spencer Neumann.

The generosity shown by Activision to Durkin does not agree with the fact that there is a total cost reduction within the company. For example, in December, she cut support for Blizzard’s Heroes of the Storm title in order to save money.

Nevertheless, the financial situation of the company is getting worse. The value of Activision Blizzard securities has been falling since September. And after the recent breakup of Bungie and Activision, the shares of the latter sank immediately by 10%.

We add that Bungie’s departure prompted the Pomerantz law firm to take up the search for possible fraudulent schemes in Activision.

Also on the topic:

• Securities fraud proceedings are underway against Activision BlizzardBungie splits with Activision and keeps Destiny for itself
• Activision Blizzard lost 7% of revenue in the third quarter
• Activision Blizzard shares sank 6.7% after the announcement of Diablo Immortal