Activision Blizzard CEO Bobby Kotick, who has a net worth in the billions will take a massive pay cut down to $62,500 per year in total compensation the company’s board feels that diversity, equity, and inclusion goals are met. I think he’ll be alright financially, so I wouldn’t worry too much about it.
In a letter to employees, Activision Blizzard states that it is committed to change after multiple sexual harassment and discrimination lawsuits were brought against it. In addition to the pay cut, Kotick states that the company will employ a zero-tolerance harassment policy, waive arbitration in sexual harassment and discrimination claims.
[Source: Business Wire]