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25/09/2021

Who’s getting what?

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Activision Blizzard

A little over half of the shareholders in video games-maker Activision Blizzard have backed the
$155m pay deal for chief executive Bobby Kotick, says the Financial Times. According to the Council of Institutional Investors, the vote had been delayed to avoid “an embarrassing rebuke” from investors over the size of his pay, which represents big pension funds. Activision said the annual meeting on 14 June had been postponed until the following Monday to address calendar “misleading” information over Kotick’s pay.

Royal Mail

Royal Mail has blocked bonuses and share awards to senior executives worth £1.4m after
Christmas parcels were left undelivered, says The Mail on Sunday. Stuart Simpson, the former interim CEO, will miss out on rewards worth just over £1m. He had been in line for a bonus of up to £570,000, and he will not get shares worth £450,000. He was still paid £462,000 in his last year with the service and will get £375,000 this calendar year as part of his termination agreement, retaining share awards originally worth£1.2m.

Nomura Holdings

In his first year in the role, Japanese financial firm Nomura Holdings paid its CEO, Kentaro Okuda, ¥320.4m (£2.1m), along with a ¥16m housing allowance; in his first year in the role implosion of Archegos Capital Management, says Bloomberg. That is still less than the ¥422m his predecessor, Koji Nagai, was paid in his final year. Nomura suffered a $2.9bn loss from the collapse of Archegos in March.

Source: MoneyWeek.com

Kris Paterson is a writer for WhatJobs.com

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