The comment came during a Deutsche Bank Securities Technology Conference attended by GameSpot, during which Kotick spoke rather frankly regarding the company's culture, future and focus on profit.

The head of Activision Blizzard--one of, if not the, largest game publishers, known for such hits as Guitar Hero, Call of Duty and World of Warcraft--noted that the company's incentive program "really rewards profit and nothing else," adding that "skepticism, pessimism, and fear" are used to keep employees "focused on the deep depression."

Describing the company's attitude as "a real culture of thrift," Kotick explained that "you have studio heads who five years ago didn't know the difference between a balance sheet and a bed sheet who are now arguing allocations in our CFO's office pretty regularly."

As for Activision's future, the CEO said to "expect many of our products to be playable independent of a console," with GameSpot's writeup explaining:

[Kotick said] he'd been impressed with media hub functionalities shown by 1080p TVs that let users stream content from their PCs. He also suggested a day in not-too-distant future where players' Facebook profiles will be integrated into Guitar Hero, letting them make songs to share with friends, post high scores or favorite songs on their profile page, and so on.

"I think what the untethered Guitar Hero does is equal the playing field a little more and give you some leverage with first parties when it comes to downloadable content and the business model," Kotick added.

However, that doesn't mean Activision is planning to abandon the lucrative console software market. Addressing criticisms that unrealistic facial animations, such as those in Treyarch's Call of Duty: World at War, destroy a player's immersion, he unveiled some new technology meant to render mouth movements in real-time.

Said technology won't be ready until the next generation of games, though Kotick hopes it will transform the medium and be ready before the next generation of consoles.

And as for when the next generation of consoles will arrive, the Activision executive was uncertain, only noting that the company usually hears about new hardware about two years in advance and has thus far heard nothing from Sony, Microsoft or Nintendo.