INSUBCONTINENT EXCLUSIVE:
Spencer Neumann joined Activision in May 2017 from Walt Disney Co.Spencer Neumann, who was abruptly put on leave by Activision Blizzard Inc
and then fired from his job as chief financial officer, had a provision in his contract that barred him from negotiating with other
potential employers.Activision, maker of Call of Duty and other video games, said on New Year's Eve it was firing Neumann for a cause
unrelated to company's financial reporting
said Wednesday Neumann would be its new CFO
He replaces David Wells, who held post for last eight years and said in August he would be stepping down.Neumann's contract with Activision
included a "covenant not to shop" for employment outside company, except during last six months of his contract, which ran through April
On Wednesday Activision reappointed Dennis Durkin as CFO.Activision Chief Executive Officer Bobby Kotick has added talent from professional
sports broadcasting, consumer products and film industry to broaden his company's revenue sources.Neumann joined Activision in May 2017 from
Walt Disney Co., where he served as CFO of that company's theme-park division
In last fiscal year, he had total compensation of $9.47 million, according to data compiled by Bloomberg, including $2.8 million in options
awards and $4.15 million in stock awards.Netflix has recruited heavily from competitors in entertainment industry as it increases production
of TV shows and movies to please a growing worldwide base of more than 137 million subscribers
In last year, company has lured executives such as ABC's entertainment chief Channing Dungey
Netflix has been sued by rivals such as 21st Century Fox Inc
for poaching staff.(This story has not been edited by TheIndianSubcontinent staff and is auto-generated from a syndicated feed.)
