Comment on CEO Bobby Kotick will leave Activision Blizzard on January 1, 2024 | Schreier: Kotick will depart after 33 years, employees are "very excited."

Ab_intra@lemmy.world ⁨1⁩ ⁨year⁩ ago

• Mudface@lemmy.world ⁨1⁩ ⁨year⁩ ago

  That entirely depends on your expectations of a company CEO

  www.macrotrends.net/stocks/…/stock-price-history

  I can’t think of a company that wouldn’t hire someone with this kind of stock performance over 30 years.

  The issue is really that consumers just keep spending money on things that they hate.

  If they did that, no tick would have been gone a long long time ago

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  • Ab_intra@lemmy.world ⁨1⁩ ⁨year⁩ ago

    I think you’re right. I’m pointing moee to his leadership and how he has allowed sexism and other bad behavior to go on without any consequences. He even told an assistant that he would have her killed… pcgamer.com/more-shocking-activision-blizzard-rev…

    He might earn himself and the stockholders a lot of money… But in my eyes he’s a great example of why I don’t like capitalism, but that is another discussion tho!

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    • Mudface@lemmy.world ⁨1⁩ ⁨year⁩ ago

      He’s obviously a terrible human being, I think you have to be to be a wildly successful CEO.

      But those are the people who are best at running companies. I wouldn’t be good at it, because I’m not a piece of shit

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      • Ab_intra@lemmy.world ⁨1⁩ ⁨year⁩ ago

        That’s what sucks about capitalism. We all thag type of trash to run it.

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  • CountVon@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

    ATVI’s stock performance only looks impressive if you don’t compare it to anything. Here’s a graph comparing ATVI to ONEQ, which is an ETF that tracks the NASDAQ composite index. If anything, ATVI has been slightly underperforming the market average for most of Kotick’s tenure as CEO.

    To see what “outperforming the market” looks like, compare ATVI to NVDA. NVDA’s stock has increased 16,000% in the 15 years that Kotick has been CEO of ATVI.

    Or to see some video game company stocks that have outperformed the market, compare ATVI to TTWO (Take Two) or CCOEY (Capcom).

    From a purely financial perspective, Kotick was middling at best. He deserves no plaudits. There were plenty of other NASDAQ companies that outperformed the market during the time he was CEO of ActiBlizz, including other video game companies.

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    • Copernican@lemmy.world ⁨1⁩ ⁨year⁩ ago

      When is ONEQ a baseline to track against? Compare it to S&P500 and ATVI looks ahead.

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    • Jakeroxs@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

      Take two is three times smaller via market cap and Capcom is 8 times smaller, just saying looking at stock price alone doesn’t tell the full picture.

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      • ManOMorphos@lemmy.world ⁨1⁩ ⁨year⁩ ago

        Stock price charts account for all splits/reverse splits, so it wouldn’t be a factor when comparing price over time.

        I agree with the first point though. Even just performing slightly below the market with such a massive company would make Kotick very desireable as a new CEO, unfortunately. Maybe some corps would not be fine with his reputation, but I doubt he will struggle to find a position in a new board room.

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    • psycho_driver@lemmy.world ⁨1⁩ ⁨year⁩ ago

      I tried to get my parents to buy NVDA during its IPO.

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  • ErianKalil@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Most consumers just don’t care or don’t know at all who Bobby Kotick is. Call of Duty is so popular, but the people that follow the market or the game industry well enough to know the people behind games aren’t that many.

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