Activision’s Hires Greeted With $40 Million Welcome Package
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Activision Blizzard Inc. agreed to pay $40 million in signing bonuses and one-time equity awards to four senior executives, including one who left the video-game company and returned after a year.
Coddy Johnson, a former Republican political operative who worked for Activision from 2008 to 2016 before leaving to help lead a private-school company, is returning as president and chief operating officer. He was granted $15 million in stock options and performance-linked restricted shares that vest over four years, as well as a $2.2 million “contract inducement” to come back, according to a regulatory filing Thursday.