Call of Duty: Modern Warfare 2 has sold 4.7 million copies in its first day on the market in the U.K. and U.S. making it the largest media launch in history. It should not come as a surprise that one of the main beneficiaries of the hundreds of millions of dollars in revenue for Activision should be CEO Bobby Kotick.
A Securities and Exchange Commission filing uncovered by GameSpot reveals that Kotick has exercised nearly two million stock options that he had received back in 2000 when the stock's price was roughly $1.03. The sales, dated between November 9 – 11, have Activision Blizzard's stock listed at over $11.40, giving the CEO a windfall of over $20 million after a roughly $2 million strike price.
Kotick's regular yearly salary is already in the eight figures, and even with this sale, he still retains over 3.1 million shares of Activision Blizzard stock. Those fearful that the Kotick children might go hungry this winter can now rest easy.
