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Dulfite said:
Azzanation said:

That CEO now has bigger bosses. He will need to earn his money now. His not even a drop in a pond to a company like MS.

Phil just became a CEO himself. So now we've got a CEO (Activision/Blizzard, if they stay unified under MS) reporting to a CEO (MS Games) reporting to a CEO (MS). I'm not confused at all.

Activision Blizzard will fall under the Xbox Game Studios banner which means that they report to Phil. However like Bethesda, they will still be ran by their internal leaderships and do their own things. Phil will report to the high end management at MS. 

Microsoft> Xbox Game Studios> All gaming divisions