Activision Gives $15 Million Sweetener to New CFO Dennis Durkin
(Bloomberg) -- Activision Blizzard Inc.’s Dennis Durkin will receive awards worth $15 million as part of his appointment to chief financial officer.
Durkin will get $11.3 million of restricted stock tied to operating income and earnings-per-share targets, and a $3.75 million sign-on bonus, the Santa Monica, California-based company said Friday in a regulatory filing. That’s on top of his $900,000 salary and a $1.35 million target bonus.
This is Durkin’s second stint as CFO. He served in the post for five years until May 2017, when he became chief corporate officer. He returned to the role this week after Spencer Neumann left to take the same job at Netflix Inc. Activision fired Neumann, whose contract barred him from negotiating with other potential employers.
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