Xorte logo

News Markets Groups

USA | Europe | Asia | World| Stocks | Commodities



Add a new RSS channel

 
 


Keywords

2022-06-24 10:23:14| Engadget

Bobby Kotick will get to keep his seat on Activision Blizzard's board of directors despite catching flak over the alleged role he played in creating the company's toxic workplace culture. At the video game developers' annual meeting of stockholders, investors voted on several proposals, as well as who gets to be on the company's board of directors over the next year. A total of 533,703,580 shareholders have voted to keep Kotick on the board, while on 62,597,199 have voted against it. As GameInformer notes, that means he gets to keep his seat until the next meeting in 2023. Activision Blizzard employees walked out of their jobs last year and called for Kotick's resignation after The Wall Street Journal reported that the CEO knew about the worst instances of abuse in the company and even protected the employees accused of harassment. If you'll recall, California's Department of Fair Employment and Housing sued the publisher in July 2021 for allegedly fostering a "frat boy" culture. The California agency investigated the company over the course of two years and found that women working for Activision Blizzard were paid less than their male counterparts and were subjected to constant sexual harassment. More recently, the New York City Employees' Retirement System sued Kotick, calling him unfit to negotiate the company's pending sale to Microsoft due to his "personal responsibility and liability for Activision's broken workplace." NYC's retirement system represents the city's police, teachers and firefighters and owns Activision Blizzard stock. The company named a new chief diversity, equity and inclusion officer in April to help the company have a more inclusive workplace. In response, a group of employees aiming to protect workers from discrimination formed a committee to outline a list of demands for Kotick and the new chief diversity officer. While majority of the shareholders have chosen to keep Kotick on the board, they also approved a plan to release an annual public report detailing how Activision handles any sexual harassment and gender discrimination dispute. The report must also detail how the company is preventing these incidents from happening and what it's doing to reduce the length of time it takes to resolve them. 


Category: Marketing and Advertising

 

Latest from this category

17.01The plan for a gaming-themed Atari hotel in Las Vegas has reportedly been scrapped
17.01Amazon's live-action God of War adaptation adds Teresa Palmer
17.01TikTok's latest spinoff app feels a lot like Quibi, but with shorter and cornier content
17.01Elon Musk is looking for a $134 billion payout from OpenAI and Microsoft
17.01California AG sends cease and desist to xAI over Grok's explicit deepfakes
17.01How to pair AirPods with any device
17.01How to cancel CyberGhost and get a refund
17.01Papers Please but with zombies, a farming-based shoot-'em-up and other new indie games worth checking out
Marketing and Advertising »

All news

18.01Today's Headlines
18.016 mutual funds added 11 new midcap stocks to their portfolio in December
18.01HDFC Securities top 7 technical picks for 2026. How many in your portfolio?
18.01Top 4 smallcap mutual funds to invest in January 2026
18.01Mutual fund NFOs: 4 new funds will open for subscription this week. Check details
18.01Punjab & Sind Bank Q3 profit surges 19% YoY
18.01Digilogic Systems IPO set to open on Jan 20 with price band at Rs 98 - Rs 104
18.0112 penny stocks rally up to 589% in FY26 so far; 6 turn multibaggers. Do you own any?
More »
Privacy policy . Copyright . Contact form .