At a quick glance, it would seem that former Activision Blizzard executive Spencer Neumann had a less than merry New Year’s Eve. After spending one year and seven months as the Chief Financial Officer of one of gaming’s most prominent publishers, he was informed on December 31st that his contract had been terminated. However, he quickly found a new job, and it appears his departure from Activision may have been his own doing.

Two days after Neumann’s firing, Netflix announced that they had hired him for the same position. This followed a Reuters report claiming that Netflix had actually poached Neumann prior to his firing. According to Activision’s official filing, Neumann wasn’t terminated for doing a bad job. He got the ax for “violating his legal obligations to the Company.”

Neumann now has the ability to “demonstrate why cause does not exist to terminate his employment or why termination of his employment is not otherwise justified,” but given his new job, it seems unlikely that we’ll see that happen. Dennis Durkin, Activision’s CCO, will be serving as interim CFO until the company finds a more permanent solution. Durkin has plenty of experience in the role, as he held it for five years prior to Neumann’s hiring.

Source: Netflix, GameSpot, Reuters

Ben Lamoreux


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