Activision Publishing CEO and President resigns

Activision Publishing CEO and president Mike Griffith has resigned as of April 23, shortly before 38 former and current Infinity Ward employees sued the corporation yesterday, not to mention related drama.

Of course, it's not actually known whether or not the two are related, but the timing is suspicious, particularly given Griffith will now only collect a base salary due to resigning just two months before his June 30 employment contract expiration.

Griffith will retain his board position as vice chairman on a 12-month renewable contract, receiving $250,000/yr, in addition to stock options and eligbility.

The corporation has not specified a reason for the resignation; we've contacted them for comment.

In the first instance we've ever heard of, Activision's stock dropped about one dollar over the last two weeks from its six-month high of about $12.40 per share.

Source:Gamasutra

Alternate Source:MCV

Sections:Console Games, PC Games

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