In the wake of a lawsuit against Activision Blizzard from 38 Infinity Ward employees, it’s been revealed that Activision Publishing CEO and President Mike Griffith is giving up those titles and will become vice chairman of the company’s board. SEC documents show that this comes about two months before his contract was to expire on June 30.
Griffith will keep his board position and take on the added role of vice chairman on a 12-month renewable contract. That means he’ll still be entitled to a salary of $250,000 a year, along with stock options and potential bonuses. An exact reason for Griffith’s job change was not provided. Janco Partners analyst Mike Hickey believes that Infinity Ward will likely be closed after the studio issues its next expansion pack for Modern Warfare 2, the blockbuster game that has generated more than $1.1 billion in revenue since November. See Industry Gamers for more.