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Mike Griffith resigns from Activision Publishing

Wed 28 Apr 2010 7:55am GMT / 3:55am EDT / 12:55am PDT
PeoplePublishing

Company's CEO and president steps down, but will continue in parent company vice-chair role

Activision Blizzard

Headquartered in Santa Monica, California, Activision Blizzard, Inc. is a worldwide pure-play online...

activisionblizzard.c...

Activision Blizzard has announced that the CEO and president of its Activision Publishing subsidiary, Mike Griffith, has resigned his roles, effective from April 23 - although he will continue on with the company as vice-chairman of Activision Blizzard on a 12-month rolling contract.

The publisher is currently embroiled in a very messy, public battle with several members of its Infinity Ward studio, following the record-breaking success of Modern Warfare 2, released late last year - however, it's not clear if Griffith's resignation is linked with that or not.

Griffith will be paid a basic salary of $250,000 per year, with a discretionary bonus of 50 per cent (pro-rated) based on his previous roles for the first part of 2010, while he'll also likely be due 50,000 company shares, made up of common and restricted stock, subject to the approval of the board's Compensation Committee.

In his new role Griffith will include "participating in board of directors and chairman of the board meetings and other internal strategy sessions; providing counsel to Activision Blizzard's executive team; and providing services on key initiatives and projects, as requested by the CEO."

Griffith, who joined Activision in 2005, has been at the top of the company during the merger with Vivendi Games, as well as the initial success of the music game genre and the continued rise of the Call of Duty franchise.

6 Comments

Jeff Grubb
News Editor - Kombo.com

1 0 0.0
Is it possible that the board pushed for this resignation?

Board: What is going on with that one studio that makes us money?

Kotick: Don't look at me, it was that Griffith fellow.

Board: Finish him.

This is why I don't write dialog.

Posted:4 years ago

#1

Joe Martin
Journalism

27 0 0.0
IW is hardly the one studio that makes Activision money.

*looks at Blizzard*

Posted:4 years ago

#2

Dan Griliopoulos
Journalism

44 2 0.0
All the Acti-insiders I know always say to me "the day Mike Morhaime wants Kotick gone, he's gone".

Posted:4 years ago

#3

Joe Bognar
PR Account Executive / Journalist

99 2 0.0
@Jeff LOL

Posted:4 years ago

#4

CaseyB
Artist

12 0 0.0
LOL Jeff X 2

Posted:4 years ago

#5
@ Jeff: like the others... lol
I still don't understand why they got into this, even if they forecast replacing IW's members if things went wrong (wich actually were ). Why completely dynamiting one of your healthy gold mines ?

Posted:4 years ago

#6

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