Final week, a brand new report surrounding the Activision Blizzard lawsuit(s) got here to gentle when the Securities and Exchange Commission (SEC) introduced an investigation into a few of the writer’s main figures, together with CEO Bobby Kotick. The U.S. Equal Employment Alternative Fee (EEOC) has additionally been investigating the sport writer since September 2018, and yesterday the 2 entities reached an agreement within the type of a consent decree (and settlement to resolves a dispute between with out admission of legal responsibility). This settlement nonetheless has to go via courtroom approvals, however in line with a Kotaku report, this settlement additionally brings to gentle another troubling financial particulars relating to the wage of its CEO.
Yesterday, Activision Blizzard launched a statement confirming that an settlement was reached with the EEOC that features “developing tools and training programs to assist efforts to improve workplace experiences.” What does this imply? Properly, shifting ahead, Activision Blizzard plans to commit a fund of $18 million to “compensate and make amends to eligible claimants.” Any extra monies shall be dispersed to charities that defend and help girls within the video games business and initiatives that advocate for office range. A 3rd-party equal alternative advisor can also be slated to report again to the writer’s Board of Administrators alongside the EEOC relating to the execution of those applications. Click on the hyperlink on the prime of the paragraph for extra particulars.
The press launch goes on to state that the settlement is topic to courtroom approval. However, Kotick chimed in, stating:
“There is no place anywhere at our company for discrimination, harassment, or unequal treatment of any kind, and I am grateful to the employees who bravely shared their experiences. I am sorry that anyone had to experience inappropriate conduct, and I remain unwavering in my commitment to make Activision Blizzard one of the world’s most inclusive, respected, and respectful workplaces. We will continue to be vigilant in our commitment to the elimination of harassment and discrimination in the workplace. We thank the EEOC for its constructive engagement as we work to fulfill our commitments to eradicate inappropriate conduct in the workplace.”
Regardless of this assertion, Bobby Kotick’s tenure because the main government of Activision Blizzard has grow to be synonymous with a long history of harassment and discrimination – from sexual misconduct that led to the lack of life and abhorrent gender-based pay gaps. Over the summer time, Eurogamer reported that Bobby Kotick’s $155 million pay packet was authorised by firm shareholders even after Kotick agreed to a 50% bonus cut and salary reduction. The just lately settled $18 million funds for help applications and initiatives should not even 1 / 4 of the CEO’s alleged 2021 revenue.