He's CEO of Activision for 23 years now. As "salary" for his job he gets a lot of stocks every year.
The amount of stocks is constantly in fluctuation, I don't know what kind of numbers you're making up here. Besides, he's CEO of Activision, and initiated the merge with Blizzard in 2008. No idea how many stocks they had at this time. I still don't know what you're getting at, as CEO he has a lot of stocks of his company, and he's trading them constantly, for people like him selling stocks is the same as for us going to the ATM and withdrawing $100 from our bank account.
So, if you did not intend to hint at insider trading, what else was the purpose of this post? To tell us that the owner of Activision Blizzard (and not the person who "runs the Blizzard ship" as you falsely stated) is a capitalistic manager? Guess what, if you're not like that, you're not CEO for 23 years. And he's no saint, it's commonly known, so no news at all.
A subsidiary company, subsidiary, or daughter (lol @ sister) company is a company that is completely or partly owned and partly or wholly controlled by another company that owns more than half of the subsidiary's stock.
I wouldn't say this was formulated in the reader's mind. They're one financial entity made up of 2 autonomous companies, owned by one conglomerate. It's easier for Vivendi to handle finance if they make their entire game studios portfolio into a single entity... named after the two biggest companies owned by it.
"While Blizzard retained its autonomy and corporate leadership, other Vivendi Games divisions did not."
It's fine to state facts, like you did in the OP of course.
He's CEO of Activision for 23 years now. As "salary" for his job he gets a lot of stocks every year.
The amount of stocks is constantly in fluctuation, I don't know what kind of numbers you're making up here. Besides, he's CEO of Activision, and initiated the merge with Blizzard in 2008. No idea how many stocks they had at this time. I still don't know what you're getting at, as CEO he has a lot of stocks of his company, and he's trading them constantly, for people like him selling stocks is the same as for us going to the ATM and withdrawing $100 from our bank account.
So, if you did not intend to hint at insider trading, what else was the purpose of this post? To tell us that the owner of Activision Blizzard (and not the person who "runs the Blizzard ship" as you falsely stated) is a capitalistic manager? Guess what, if you're not like that, you're not CEO for 23 years. And he's no saint, it's commonly known, so no news at all.
My apologies I should have showed my numbers, since the post was about when he purchased the stocks and the response was 25% of blizzards stocks were purchased in 1990 I followed this train of thought: we know that the 800k+ stick shares figure is true, also one of the other posters shared he found two other cases of Kotick selling stocks, so I assume since we cannot see the future, that this time Kotick sold all his remaining stock, assuming he sold a third each time. 1/3 of 25 is ~8 so 8% of all blizzard stocks equals to 800k+ that Kotick sold, would make 100% around 6million. But you are right, I am making these up.
Robert Kotick, the President and CEO of video game entertainment company Activision Blizzard (NASDAQ:ATVI), sold 843,116 shares of company stock for $12,284,200. The financial services company UBS announced today that it had initiated coverage of Activision Blizzard, giving it a "Buy" rating and a $17 price target. As of this writing, the stock price rests at $14.72, representing a 15.28% increase from one year ago.
Just reminding everyone what kind of person runs the blizzard ship these days...
You... you do realize Blizzard is it's own studio right? And that activision is a sister company? Activision Blizzard is a 'holding company' of both Activision and blizzard, which means it's a separate company that owns outstanding stock. This also means that Activison and Blizzard are still separate developers.
So I just want to remind YOU that he does not run Blizzard, and that you're spreading falsities because you're ill-informed.
A subsidiary company, subsidiary, or daughter (lol @ sister) company is a company that is completely or partly owned and partly or wholly controlled by another company that owns more than half of the subsidiary's stock.
Not sure what you're lol'ing at? They are both sister companies owned by Vivendi. That's the term.
OH NOES, SOMEONE CALL THE FBI, HOMELAND SECURITY, THE INTERPOL, THE UN!!!!
Sorry, I didn't receive the memo that says making money is illegal nowadays let's arrest every single "stockholder" that makes money by selling his shares.
The company is growing, the games are more succesful than ever (while the whole games market is in sort of a crisis) and Blizzard not only is more alive than ever with its 3 franchises, they're also releasing more products (card game, Titan, unnanounced game) than ever.
They have never been so active in banning people. providing proper customer support (I've had tickets answered in hours) and updating/changing their games to value customer feedback - so what's the big fucking deal?
EVEN IF he had a say in how Blizzard is managed or how games are developed (which he doesn't, being CEO of a company entails things "slightly" different than that), he's not breaking the company by selling shares and making money.
Sorry I was posting on a web forum just to see what other gamers thought, perhaps I should have gone to the UN? Plus in my OP it's clearly just a factual statement followed by me saying "this is the kind of person" I never said it was good or bad, all inferred opinions were formulated in the minds of the reader. I guess some people take their forum moderation jobs very seriously.
OK....I gotta call you on this bullshit.
Just your user-name alone kinda tips everyone off to your obvious bias. You came here to post a disparaging remark about Blizzard and Kotick, obviously. Don't try and deny it now.,
And so you did. And then people posted what they thought. And obviously you don't like it judging from your replies.
Which begs the question: did you really want to discuss it or did you make up your mind previously and just meant to troll others in the first place?
By the way, thanks. I do take my moderation duty here on the forums very seriously indeed. Which doesn't mean I don't have time every now and then to make a post containing my thoughts (which are still there in case you actually want to discuss them). Alas, I am a forum user just like any of you, and was a forum user long before becoming a moderator.
Just reminding everyone what kind of person runs the blizzard ship these days...
"Reminding everyone" makes it seem like you're some amazingly intelligent being and everyone needs to be educated on the matter you had to present, when it's precisely the opposite - as extensively shown by the replies that you're the one in desperate need of some education on how capitalism and the modern society works.
"What kind of person" made it pretty much clear what's your opinion on the matter. There's no "inferred opinion", your opinion is pretty obvious by your attitude, your post/thread, and your account name.
Proven further by your replies, which seem to ignore any reasonable arguments (aka people are allowed to make money and you don't have anything to do with it as long as they're not fucking you) and just focus on whatever the hell you want to ("25% numbers numbers stocks"), which don't even matter.
It's always amusing to see a guy come around trying to stir up an argument, only to be met by smart people not so willing to just swallow it and willing to counter reason and call him out on his bullshit - and then proceed to back off from their initial intent.
Again, too bad we're smarter than that here. That might work on the official forums, though; I've noticed over the years people love conspiracy theories and irrelevant threads there.
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ModeratorThe amount of stocks is constantly in fluctuation, I don't know what kind of numbers you're making up here. Besides, he's CEO of Activision, and initiated the merge with Blizzard in 2008. No idea how many stocks they had at this time. I still don't know what you're getting at, as CEO he has a lot of stocks of his company, and he's trading them constantly, for people like him selling stocks is the same as for us going to the ATM and withdrawing $100 from our bank account.
So, if you did not intend to hint at insider trading, what else was the purpose of this post? To tell us that the owner of Activision Blizzard (and not the person who "runs the Blizzard ship" as you falsely stated) is a capitalistic manager? Guess what, if you're not like that, you're not CEO for 23 years. And he's no saint, it's commonly known, so no news at all.
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Wise ElderI wouldn't say this was formulated in the reader's mind. They're one financial entity made up of 2 autonomous companies, owned by one conglomerate. It's easier for Vivendi to handle finance if they make their entire game studios portfolio into a single entity... named after the two biggest companies owned by it.
"While Blizzard retained its autonomy and corporate leadership, other Vivendi Games divisions did not."
It's fine to state facts, like you did in the OP of course.
Ha. Bagstone.
Not sure what you're lol'ing at? They are both sister companies owned by Vivendi. That's the term.
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Wise ElderOK....I gotta call you on this bullshit.
Just your user-name alone kinda tips everyone off to your obvious bias. You came here to post a disparaging remark about Blizzard and Kotick, obviously. Don't try and deny it now.,
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Wise ElderWhich begs the question: did you really want to discuss it or did you make up your mind previously and just meant to troll others in the first place?
By the way, thanks. I do take my moderation duty here on the forums very seriously indeed. Which doesn't mean I don't have time every now and then to make a post containing my thoughts (which are still there in case you actually want to discuss them). Alas, I am a forum user just like any of you, and was a forum user long before becoming a moderator.
"Reminding everyone" makes it seem like you're some amazingly intelligent being and everyone needs to be educated on the matter you had to present, when it's precisely the opposite - as extensively shown by the replies that you're the one in desperate need of some education on how capitalism and the modern society works.
"What kind of person" made it pretty much clear what's your opinion on the matter. There's no "inferred opinion", your opinion is pretty obvious by your attitude, your post/thread, and your account name.
Proven further by your replies, which seem to ignore any reasonable arguments (aka people are allowed to make money and you don't have anything to do with it as long as they're not fucking you) and just focus on whatever the hell you want to ("25% numbers numbers stocks"), which don't even matter.
It's always amusing to see a guy come around trying to stir up an argument, only to be met by smart people not so willing to just swallow it and willing to counter reason and call him out on his bullshit - and then proceed to back off from their initial intent.
Again, too bad we're smarter than that here. That might work on the official forums, though; I've noticed over the years people love conspiracy theories and irrelevant threads there.
LOL, Died.
But sersiously,
"We gamers understand the importance of profit, but feel that it should not be the main guiding principle in a gaming company."