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Activision’s Kotick Gets 8-Fold Raise to Reach Top U.S. Pay Tier

Robert Kotick, president and chief executive officer of Activision Blizzard Inc., increased his compensation almost eightfold to $64.9 million last year, becoming one of the highest-paid CEOs in the U.S.

The bulk of the increase for Kotick came in stock awards valued at $55.9 million, based on regulatory reporting rules, that were tied to a new employment agreement signed in March 2012, according to a filing yesterday by the video-game software company. While vesting stretches over five years, the awards are reported in the year of the grant. Kotick, 50, received $8.33 million in total compensation last year, filings show.