Activision Blizzard Employees Walk Out Following Bombshell Wall Street Journal Report On Bobby Kotick

Activision Blizzard employees have staged a walkout today following a Wall Street Journal report stating CEO Bobby Kotick has known about instances of sexual misconduct at the publisher and its studios dating back to 2018.

The report which follows months of reporting, interviews, and documents obtained by the WSJ claims that Kotick knew of numerous sexual assault and harassment claims at the publisher and its stable of studios for years. The report also states that Kotick did not notify the board of directors of an out-of-court settlement to an employee who accused a supervisor of rape. That is a major no-no. Boards for billion-dollar companies like to know of these things.

Just last month, Kotick agreed to take a massive pay cut down to $62,500 per year until Activision Blizzard’s board feels that diversity, equity, and inclusion goals are met. 

In hindsight, the board may need to reconsider that decision entirely and perhaps seek tougher action against Kotick.

[Source: The Wall Street Journal]

Activision Blizzard CEO Bobby Kotick Takes Pay Cut – Will Probably Be Okay

Activision Blizzard CEO Bobby Kotick

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]