Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Activision-Blizzard CFO Fired for 'Causes Unrelated to the Company's Financial Reporting' - MMORPG.

124

Comments

  • HeretiqueHeretique Member RarePosts: 1,490
    Seeing as we're making stuff up;

    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.
    MisterZebubPhrykjempffTacticalZombehThuplimmolou
  • XiaokiXiaoki White Pigeon, MIMember RarePosts: 3,139
    swaghole said:
    Why are people so worked up over this? Am I missing something here..?
    Its about Activision Blizzard which makes it sorta about Blizzard so people are just using this as an excuse to hate on Blizzard.

    People want to excuses to hate on Blizzard and they'll take any reason, no matter how small or stupid, they can get.
    swagholeGdemami
  • AmatheAmathe Miami, FLMember EpicPosts: 4,364
    They give that qualification so no one tries to use his termination as proof of some alleged irregularity in their public filings.  
    TorvalNycteliosThupli

    EQ1, EQ2, SWG, SWTOR, GW, GW2 CoH, CoV, FFXI, WoW, CO, War,TSW and a slew of free trials and beta tests

  • d_20d_20 SeoulMember RarePosts: 1,878
    edited January 2

    d_20 said:


    Alverant said:

    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. 
    Post edited by d_20 on
    TorvalGdemamiPemminThupliArglebargle


  • asdfsdf34534asdfsdf34534 Member UncommonPosts: 52
    mmorpg a place for middle aged people to feel relevant. 
    GdemamiDMKanod_20mmolou
  • seshsesseshses montreal, QCMember UncommonPosts: 31
    Rusque said:
    Poor blizzard , but really they deserve it in 2018
    Doesn't he have a phone? I heard if you have a phone everything is great.

  • BlacklabelcaliBlacklabelcali Member UncommonPosts: 12



    SBFord said:

    Arterius said:


    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.



    Lol we got a real life internet investigator here
  • GorweGorwe Ald'RuhnMember EpicPosts: 5,513
    Xiaoki said:
    swaghole said:
    Why are people so worked up over this? Am I missing something here..?
    Its about Activision Blizzard which makes it sorta about Blizzard so people are just using this as an excuse to hate on Blizzard.

    People want to excuses to hate on Blizzard and they'll take any reason, no matter how small or stupid, they can get.
    Why hate Blizz though? They are(or rather were until they got in league with Activision) a leading industry name for a bloody good reason.
  • swagholeswaghole Member CommonPosts: 5
    Gorwe said:
    Xiaoki said:
    swaghole said:
    Why are people so worked up over this? Am I missing something here..?
    Its about Activision Blizzard which makes it sorta about Blizzard so people are just using this as an excuse to hate on Blizzard.

    People want to excuses to hate on Blizzard and they'll take any reason, no matter how small or stupid, they can get.
    Why hate Blizz though? They are(or rather were until they got in league with Activision) a leading industry name for a bloody good reason.
    Mainly Diablo players lashing out because they have to wait longer for D4
  • CEOIIICEOIII Franklin, PAMember UncommonPosts: 23
    So if you hack past all the legalese and the corp speak, they cut the guy loose, but he wasn't embezzling or anything.

    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??
  • lahnmirlahnmir UtrechtMember EpicPosts: 2,057
    When your company is going through a rough time nothing makes more sense then giving a leaving person 10 million dollar....

    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
    Gdemami
    'the only way he could nail it any better is if he used a cross.'

    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...
  • AnnaTSAnnaTS ManchesterMember UncommonPosts: 599
    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.


    Gdemami
  • DMKanoDMKano Gamercentral, AKMember LegendaryPosts: 19,711
    Iselin said:
    The CFO in any gaming corp large enough to have one is the one senior management position that has the least to do with gaming. Actually almost sweet F all to do with it.

    It boggles my mind that some are trying to paint his exit as somehow related to the Diablo mobile reveal fiasco and other recent Blizzard gaming screw-ups. This is the one guy that 100% had nothing to do with that.


    Yep - it's just that some folks are clueless about how a billion dollar company with 5K employees functions heh
    craftseekerPhryMisterZebubConstantineMerusSovrathGdemamiTrolldefender99poorbaby
  • MisterZebubMisterZebub Not In ESOMember EpicPosts: 3,115
    DMKano said:
    Iselin said:
    The CFO in any gaming corp large enough to have one is the one senior management position that has the least to do with gaming. Actually almost sweet F all to do with it.

    It boggles my mind that some are trying to paint his exit as somehow related to the Diablo mobile reveal fiasco and other recent Blizzard gaming screw-ups. This is the one guy that 100% had nothing to do with that.


    Yep - it's just that some folks are clueless about how a billion dollar company with 5K employees functions heh
    Yep, I'm still standin by my story that it had somethin to do with grabassin, when it quite likely had nothin to do with it in any way.
    ScotTacticalZombehThuplimmolou


    “Prisons are built with stones of Law, Brothels with bricks of Religion”

  • ET3DET3D Member UncommonPosts: 291
    At least we now know the real cause (planning to defect to Netflix).
    Gdemami
  • craftseekercraftseeker kynetonMember RarePosts: 1,699
    ET3D said:
    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.
    ScotGdemami
  • ScotScot UKMember EpicPosts: 10,090
    edited January 2
    ET3D said:
    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.

    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.
    Post edited by Scot on
    Gdemami

     25 Agrees

    You received 25 Agrees. You're posting some good content. Great!

    - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

    Now Doesn't That Make You Feel All Warm And Fuzzy Inside? :P

  • NycteliosNyctelios Novo Hamburgo - RS - BrazilMember EpicPosts: 3,059
    Scot said:
    ET3D said:
    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 there on the furthest possible limb.

    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.
    No no no... That's not it.

    Disney is opening it's streaming service and as a punch on it's kidneys Netflix canceled all the Marvel Super hero shows it was airing, even the sucessful ones. 

    People were confused about what was going on and the logic assumption was Disney taking the IPs away for it's own shows... but that was not it:

    Just recently they found out that the contract Netflix holds for those IP specify that in case of closure/series cancel and so on those IP become "frozen" for a period of two years. The actors can't portray their characters in any type of media and those series can't be shown in any type of media outside Netflix aproval.

    So Netflix closed it's own series so Disney won't be able to also run them on their streaming service or use those actors and characters in any way shape or form. They shot their own foot to hurt Disney.

    I think what they fear is due Disney absurd amount of cash they could focus on marketing their streaming service in wider spaces than Netflix, taking away people who subscribe it for those shows.

    Just recently we had rumors that Friends would be taken off from Netflix, but a 10million payment assured that the show remained on it for more one year.

    Netflix wants that dude because he worked on Disney. They want him really bad. 
    ThupliGdemami
    - Steam ID Discord ID: Night # 6102
  • gervaise1gervaise1 .Member EpicPosts: 5,505
    edited January 2
    ET3D said:
    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. 
    Post edited by gervaise1 on
    Thuplicraftseeker
  • SBFordSBFord Associate Editor - News Manager The CitadelMMORPG.COM Staff LegendaryPosts: 31,278
    MadFrenchieMisterZebub

    ¯\_(ツ)_/¯ 


  • BakgrindBakgrind Austin, TXMember UncommonPosts: 371
    lahnmir said:
    When your company is going through a rough time nothing makes more sense then giving a leaving person 10 million dollar....

    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

    Giving a pay out is just business as usual in the corporate level. It's just NDA with payment agreement.   Consider it payment for the condition of his departure for the company. In other words it's an NDA type agreement where he promises not to disclose how the company did business.   This guy could of left to join Nextflix because it was more of a familiar to him since he had previously worked at Disney.

    Or he could of left for Netflix because he was the person that had to sign off and take responsibility for the book keeping and he wasn't comfortable doing that. A friend of mine left a major corporation for this very reason and was compensated financially very well  and his employment was finalized rather quickly.  Of course there are just numerous other non discloses reasons for him leaving and being compensated for. I just wanted to share a few of the obvious ones.
    Gdemami
  • ellebishopellebishop Den Bosch, NetherlandsMember UncommonPosts: 28
    Netflix hired him ...
  • gervaise1gervaise1 .Member EpicPosts: 5,505
    edited January 2
    Bakgrind said:
    lahnmir said:
    When your company is going through a rough time nothing makes more sense then giving a leaving person 10 million dollar....

    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

    Giving a pay out is just business as usual in the corporate level. It's just NDA with payment agreement.   Consider it payment for the condition of his departure for the company. In other words it's an NDA type agreement where he promises not to disclose how the company did business.   This guy could of left to join Nextflix because it was more of a familiar to him since he had previously worked at Disney.

    Or he could of left for Netflix because he was the person that had to sign off and take responsibility for the book keeping and he wasn't comfortable doing that. A friend of mine left a major corporation for this very reason and was compensated financially very well  and his employment was finalized rather quickly.  Of course there are just numerous other non discloses reasons for him leaving and being compensated for. I just wanted to share a few of the obvious ones.
    As per the article: 
    "Neumann received nearly $10M in compensation in the company's previous fiscal year.

    Previous as in before he departed.

    The article DID NOT SAY he departed and they paid him another $10M. Indeed since they "fired him" that would rather suggest that they consider his actions a breach (of contract) and have no intention of paying him anything else.
    Post edited by gervaise1 on
    Iselin
  • IselinIselin Vancouver, BCMember LegendaryPosts: 12,010
    gervaise1 said:
    Bakgrind said:
    lahnmir said:
    When your company is going through a rough time nothing makes more sense then giving a leaving person 10 million dollar....

    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

    Giving a pay out is just business as usual in the corporate level. It's just NDA with payment agreement.   Consider it payment for the condition of his departure for the company. In other words it's an NDA type agreement where he promises not to disclose how the company did business.   This guy could of left to join Nextflix because it was more of a familiar to him since he had previously worked at Disney.

    Or he could of left for Netflix because he was the person that had to sign off and take responsibility for the book keeping and he wasn't comfortable doing that. A friend of mine left a major corporation for this very reason and was compensated financially very well  and his employment was finalized rather quickly.  Of course there are just numerous other non discloses reasons for him leaving and being compensated for. I just wanted to share a few of the obvious ones.
    As per the article: 
    "Neumann received nearly $10M in compensation in the company's previous fiscal year.

    Previous as in before he departed.

    The article DID NOT SAY he departed and they paid him another $10M. Indeed since they "fired him" that would rather suggest that they consider his actions a breach (of contract) and have no intention of paying him anything else.
    People just read headlines, and barely at that, and then invent their own narrative to fit what they think they just read. Reading incomprehension is the norm now :)
    Gdemamimmolou
    “Microtransactions? In a single player role-playing game? Are you nuts?” 
    ― CD PROJEKT RED
  • MadFrenchieMadFrenchie Nashville, TNMember LegendaryPosts: 7,742
    Iselin said:
    gervaise1 said:
    Bakgrind said:
    lahnmir said:
    When your company is going through a rough time nothing makes more sense then giving a leaving person 10 million dollar....

    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

    Giving a pay out is just business as usual in the corporate level. It's just NDA with payment agreement.   Consider it payment for the condition of his departure for the company. In other words it's an NDA type agreement where he promises not to disclose how the company did business.   This guy could of left to join Nextflix because it was more of a familiar to him since he had previously worked at Disney.

    Or he could of left for Netflix because he was the person that had to sign off and take responsibility for the book keeping and he wasn't comfortable doing that. A friend of mine left a major corporation for this very reason and was compensated financially very well  and his employment was finalized rather quickly.  Of course there are just numerous other non discloses reasons for him leaving and being compensated for. I just wanted to share a few of the obvious ones.
    As per the article: 
    "Neumann received nearly $10M in compensation in the company's previous fiscal year.

    Previous as in before he departed.

    The article DID NOT SAY he departed and they paid him another $10M. Indeed since they "fired him" that would rather suggest that they consider his actions a breach (of contract) and have no intention of paying him anything else.
    People just read headlines, and barely at that, and then invent their own narrative to fit what they think they just read. Reading incomprehension is the norm now :)
    Exactly!  Peons lust red deadlines, and Bear Lee's attack!


    Wait, what were we talking about?
    Palebanemmolou

    image
Sign In or Register to comment.