In business, success can sometimes come down to making the best of a bad situation. Knowing when to hold ‘em, when to fold ‘em, et cetera, and knowing how to fold said cards in the most advantageous way for your company, your shareholders, and yourself. In mid-November, Bobby Kotick, the chief executive of the gaming giant Activision Blizzard, had endured a year of production delays, workplace controversies, a federal investigation and state lawsuit, extremely bad press, and an intensifying unionization effort—all of which had pushed $ATVI stock down 45 percent from an all-time high in February. Some in the Sun Valley potluck set were fearful for his future.