Activision Pays Exec Millions While Preparing For Layoffs
In an act of unparalleled greed, a newly hired Activision-Blizzard executive was paid millions of dollars last month despite the fact that the company is preparing to announce a huge round of layoffs. Though it’s far from uncommon in the gaming industry to “trim the fat” like this when times are tough (i.e., when shareholders are disappointed with sales) and downright commonplace for corporations to award absurdly large signing bonuses to executives, Activision-Blizzard’s most recent gaffe is particularly egregious....