so for the brain dead what was this guys exact job? I just am curious how this will impact Blizzard/Activation going forward.
CFO = Chief Financial Officer
"A chief financial officer (CFO) is the senior executive responsible for managing the financial actions of a company. The CFO's duties include tracking cash flow and financial planning as well as analyzing the company's financial strengths and weaknesses and proposing corrective actions."
Sooooo.... if he was fired "for cause unrelated to the Company's financial reporting or disclosure controls and procedures" which would mean not for his actual job performance, I'm going out on a limb and say he was fired for workplace harassment and/or grabassin.
Or, he could have been habitually late for work. Mundane stuff still leads to firings.
We can surmise that the first stories about AB placing him on administrative leave and/or firing him and/or him challenging the firing and/or AB paying a compensation package .....
were the result of the later stories - about Netflix hiring / poaching him.
so for the brain dead what was this guys exact job? I just am curious how this will impact Blizzard/Activation going forward.
CFO = Chief Financial Officer
"A chief financial officer (CFO) is the senior executive responsible for managing the financial actions of a company. The CFO's duties include tracking cash flow and financial planning as well as analyzing the company's financial strengths and weaknesses and proposing corrective actions."
Sooooo.... if he was fired "for cause unrelated to the Company's financial reporting or disclosure controls and procedures" which would mean not for his actual job performance, I'm going out on a limb and say he was fired for workplace harassment and/or grabassin.
Or, he could have been habitually late for work. Mundane stuff still leads to firings.
We can surmise that the first stories about AB placing him on administrative leave and/or firing him and/or him challenging the firing and/or AB paying a compensation package .....
were the result of the later stories - about Netflix hiring / poaching him.
Yes, this does seem to all begin with AB finding out that Netflix were about to announce that he was joining them as their CFO. Which probably went as well as you can imagine
Where in this four paragraph article does it say he was paid 10 million dollars as severance? The second paragraph say he received nearly 10 million dollars in compensation during the previous fiscal year.
Has everyone lost their ability to understand the written word?
"I used to think the worst thing in life was to be all alone. It's not. The worst thing in life is to end up with people who make you feel all alone." Robin Williams
So, a possibility: CFO wasn't fired, was poached, then ActiBlizz says they were planning on firing former CFO to drag name through mud. Because they are fucks.
$10 million dollar compensation to a single person. I hope these companies go bankrupt so they can understand they would be hugely profitable if those salaries were significantly cut. All this crap happens because the more money the head honchos want to earn the less money the company overall will make.
While I agree with your sentiment, your statement is likely extremely false. They're paying for experience and expertise.
I like to imagine he consistently farted around the office and the other executives finally had enough of his negligent flatulence creating a hostile work environment.
The guy got $10 million for being fired. Am I the only one who has a problem with this? Will the people who lost their jobs because of his bad decisions get a severance package just as good?
It's how the world is. While you were gaming, he was getting his MBA and studying corporate finance at Harvard and networking with alumni. Who knows what kind of connections he was born into, besides? Pretty sure his parents weren't share-croppers.
Yes, an MBA in Finance totally justifies a 10 million dollar bonua for being shitcanned. Im sure it has nothing to do at all with the politics of corrupt corporations and is based entirely upon merit.
Nobody is justifying anything. It's not the MBA that counts. It's the networks and connections. That's what Harvard is really about. Nobody gives a shit about an MBA. The point is where you got it and who you know, if I have to spell it out.
A lot of people have the extracurriculars, highest GPAs and test scores and don't get into Harvard. When all those requirements are met, it can come down to other factors: are your parents alum? Do they donate to the old alma mater? Who's writing your letters of recommendation and doing your alumni interviews? Do you have a Harvard alum US Senator writing your letter or your principle from your public high school?
I find it funny that we still live in this illusion of an egalitarian society and talk about justification and fairness.
so for the brain dead what was this guys exact job? I just am curious how this will impact Blizzard/Activation going forward.
CFO = Chief Financial Officer
"A chief financial officer (CFO) is the senior executive responsible for managing the financial actions of a company. The CFO's duties include tracking cash flow and financial planning as well as analyzing the company's financial strengths and weaknesses and proposing corrective actions."
Sooooo.... if he was fired "for cause unrelated to the Company's financial reporting or disclosure controls and procedures" which would mean not for his actual job performance, I'm going out on a limb and say he was fired for workplace harassment and/or grabassin.
This video popped up on my recommended on Youtube a few minutes ago , I haven't watched any of this persons videos before, Then i noticed another video when i was watching this one at the top of my recommended videos on the list on the right.
I only play Heroes Of The Storm now and then, So i don't really follow what goes on with Blizzard at Blizzcon and such, But i might try the classic servers if and when they release them because i missed the whole WOW experience.
At least we now know the real cause (planning to defect to Netflix).
I really don't think so. Particularly since it was in no way a 'defection', unless I am remarkably clueless Netflix does not in any way compete with Activision/Blizzard. Now some exec may have got miffed, but a quiet negotiated exit and handover would be normal for that change.
Some people have suggested some plausible options, vesting, bonuses, ego, or perhaps the highly speculative 'grabass' or similar. But a simple change of employment isn't it.
At least we now know the real cause (planning to defect to Netflix).
I really don't think so. Particularly since it was in no way a 'defection', unless I am remarkably clueless Netflix does not in any way compete with Activision/Blizzard. Now some exec may have got miffed, but a quiet negotiated exit and handover would be normal for that change.
Some people have suggested some plausible options, vesting, bonuses, ego, or perhaps the highly speculative 'grabass' or similar. But a simple change of employment isn't it.
I doubt there is any sort of defection unless we see Netflix starting up a gaming platform, lets put that out on a limb. But they may make a toe hold in that area, I just can't see a CFO being needed yet.
As everyone should know by now the top executives in the top companies of the gaming industry are the same guys who are the top executives in the top companies of nearly every industry, it is a professional musical chairs where becoming a member of the club nets you untold millions. In the UK this started in the nineties I think when boards were allowed to set their own remuneration, without it being passed by shareholders. Since then perfectly reasonable very high salaries have been inflated beyond all recognition of what a director brings to a company.
At least we now know the real cause (planning to defect to Netflix).
<snip> Netflix does not in any way compete with Activision/Blizzard. <snip>
i would assume, as others have, that it will have been the person's experience at Disney that wa key.
However as far as Netflix not competing with AB well aside from the obvious "if someone is watching TV they are not playing a game" have you seen ...
the new Black Mirror film? If you haven't the key point is that it is interactive, the viewer has choices to make and as the service has buffered both options the film continues seamlessly.
Now the film is simply one example with a limited number of choices. The early single player adventure games didn't offer much choice however and that changed. Think about what the Witcher game has to offer today .....
Yes this approach was tried by a few titles over a decade ago - on DVD but it which was clunky and far from seamless and didn't have a huge audience on demand. The lines are already blurred and they are getting fuzzier.
Comments
were the result of the later stories - about Netflix hiring / poaching him.
Has everyone lost their ability to understand the written word?
So, a possibility: CFO wasn't fired, was poached, then ActiBlizz says they were planning on firing former CFO to drag name through mud. Because they are fucks.
Edit: others covered it above.
with pay....
It's just Activision telling him not to let the door hit him on the way out.
"Be water my friend" - Bruce Lee
If I want a world in which people can purchase success and power with cash, I'll play Real Life. Keep Virtual Worlds Virtual!
While I agree with your sentiment, your statement is likely extremely false. They're paying for experience and expertise.
EQ1, EQ2, SWG, SWTOR, GW, GW2 CoH, CoV, FFXI, WoW, CO, War,TSW and a slew of free trials and beta tests
A lot of people have the extracurriculars, highest GPAs and test scores and don't get into Harvard. When all those requirements are met, it can come down to other factors: are your parents alum? Do they donate to the old alma mater? Who's writing your letters of recommendation and doing your alumni interviews? Do you have a Harvard alum US Senator writing your letter or your principle from your public high school?
I find it funny that we still live in this illusion of an egalitarian society and talk about justification and fairness.
Lol we got a real life internet investigator here
Anyone willing to bet he got all handsy with a female subordinate and A-B didn't want a Me Too scandal landing in their lap??
When you have received 10 million dollars nothing makes more sense then go work for a company that pays even more.....
At that level its just the old boys club rewarding each other and there is no breaking through because they all do it.
/Cheers,
Lahnmir
Kyleran on yours sincerely
'But there are many. You can play them entirely solo, and even offline. Also, you are wrong by default.'
Ikcin in response to yours sincerely debating whether or not single-player offline MMOs exist...
'This does not apply just to ED but SC or any other game. What they will get is Rebirth/X4, likely prettier but equally underwhelming and pointless.
It is incredibly difficult to design some meaningfull leg content that would fit a space ship game - simply because it is not a leg game.
It is just huge resource waste....'
Gdemami absolutely not being an armchair developer
I only play Heroes Of The Storm now and then, So i don't really follow what goes on with Blizzard at Blizzcon and such, But i might try the classic servers if and when they release them because i missed the whole WOW experience.
Some people have suggested some plausible options, vesting, bonuses, ego, or perhaps the highly speculative 'grabass' or similar. But a simple change of employment isn't it.
https://www.fool.com/investing/2018/06/23/could-netflix-disrupt-the-gaming-market.aspx
As everyone should know by now the top executives in the top companies of the gaming industry are the same guys who are the top executives in the top companies of nearly every industry, it is a professional musical chairs where becoming a member of the club nets you untold millions. In the UK this started in the nineties I think when boards were allowed to set their own remuneration, without it being passed by shareholders. Since then perfectly reasonable very high salaries have been inflated beyond all recognition of what a director brings to a company.
However as far as Netflix not competing with AB well aside from the obvious "if someone is watching TV they are not playing a game" have you seen ...
the new Black Mirror film? If you haven't the key point is that it is interactive, the viewer has choices to make and as the service has buffered both options the film continues seamlessly.
Now the film is simply one example with a limited number of choices. The early single player adventure games didn't offer much choice however and that changed. Think about what the Witcher game has to offer today .....
Yes this approach was tried by a few titles over a decade ago - on DVD but it which was clunky and far from seamless and didn't have a huge audience on demand. The lines are already blurred and they are getting fuzzier.
https://variety.com/2019/digital/news/netflix-spencer-neumann-cfo-1203097647/
¯\_(ツ)_/¯