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.
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.
Jakeroxs@sh.itjust.works 1 year ago
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.
Jakeroxs@sh.itjust.works 1 year ago
The stock price itself does account for it in the charts, but it doesn’t speak to the market cap aspect.
QuaternionsRock@lemmy.world 1 year ago
The charts are in percent, not dollars. It doesn’t matter that Capcom is 8 times smaller if investing $1 in it still yields a higher return on investment.
Also, Take Two may be smaller, but… Grand Theft Auto.
psycho_driver@lemmy.world 1 year ago
I tried to get my parents to buy NVDA during its IPO.
Copernican@lemmy.world 1 year ago
When is ONEQ a baseline to track against? Compare it to S&P500 and ATVI looks ahead.