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.
Ab_intra@lemmy.world 8 months 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!
Mudface@lemmy.world 8 months 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
Ab_intra@lemmy.world 8 months ago
That’s what sucks about capitalism. We all thag type of trash to run it.
tocopherol@lemmy.dbzer0.com 8 months ago
The thing that sucks even more about it is no even has to ‘allow’ that type of trash to run it, it’s just what tends to happen when the profit motive is the greatest driver of people’s behavior.
SlikPikker@lemmy.ca 8 months ago
History isn’t over. We humans can do better.