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Activision Blizzard's new CFO is getting awards worth $15 million for taking the job

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Dennis Durkin, Activision Blizzard’s new chief financial officer, is getting a bonus worth $15 million for taking the job. The award consists of $11.3 million of stock and an additional $3.75 million in funds. That's in addition to a $900,000 salary and a $1.35 million target bonus.

The publisher’s previous CFO, Spencer Neumann, was fired after negotiating with Netflix, his new employer. Durkin, his replacement, was previously Activision Blizzard’s CFO for five years. Blizzard also lost its CFO last week.  

Nice work if you can get it, though the hire is happening at a tricky time for Activision Blizzard. Shares dropped late last year and reportedly Blizzard employees being paid to leave (opens in new tab) as part of cost cutting measures. Activision is also set to part with Bungie (opens in new tab), and will lose Destiny in the process.

Cheers, Bloomberg (opens in new tab)

Fraser Brown
Online Editor

Fraser is the UK online editor and has actually met The Internet in person. With over a decade of experience, he's been around the block a few times, serving as a freelancer, news editor and prolific reviewer. Strategy games have been a 30-year-long obsession, from tiny RTSs to sprawling political sims, and he never turns down the chance to rave about Total War or Crusader Kings. He's also been known to set up shop in the latest MMO and likes to wind down with an endlessly deep, systemic RPG. These days, when he's not editing, he can usually be found writing features that are 1,000 words too long or talking about his dog.