Activision Blizzard busted 2018 last night with regulatory filing announcing the release of their chief financial officer (CFO) Spencer Neumanna. By filing, the termination of his employment relationship was "unrelated to the company's financial reporting or disclosure controls and disclosure procedures." It is currently paid for a holiday, per company.
Since the beginning of 2018, shares of the company fell by about 43% compared to their peak at the time of writing this work.
Over the past 12 months, the company reported a drop in the number of active users who played their titles, teasing Diablo: Immortal – the most disturbing community – lost many years of executive director Mike Morhaime and canceled his professional Junaci competitive storm scene.
According to Reuters, their former CFO, Neumann, is expected to join Netflix at the same site in the next few days. During the fiscal year 2018 a filing a report that Neumann raised $ 9.47 million of the total compensation from his former company.
Chief Corporate Officer (COO) Dennis Durkin will in the meantime act as financial director of the company, according to the submission.