Bobby Kotick Exercises Stock, Makes $20 Million

13 Nov 2009 at 11:16:56 by Tim McDonald

Activision CEO Bobby Kotick has made over $20 million USD by exercising stock options following the Modern Warfare 2 launch.

According to Gamespot, Kotick exercised his stock options, allowing him to purchase almost two million shares at $1.03 USD and then sell them at between $11.43 USD and $11.51 USD per share.

What this means, basically, is that Kotick just made himself over $20 million USD. He's still got his normal compensation package, too, which was worth $14.95 million USD last year. Oh, and he retains 3.1 million shares in Activision Blizzard, which are obviously doing rather well right now.

This comes at the same time as Activision is considering paid services for its franchises - including Call of Duty, which is at least partially the reason for the high stock prices - proving that there is no such thing as too much money.

Modern Warfare 2, of course, launched on Tuesday, and it turned out to be really rather good.

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