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 among the writer’s main figures, together with CEO Bobby Kotick. In response to Kotick’s office initiatives press launch (additionally final week), the U.S. Equal Employment Alternative Fee (EEOC) has turn out to be the latest federal company to sue Activision Blizzard. In keeping with a Kotaku report, the EEOC lawsuit was just lately settled. Nonetheless, extra troubling financial particulars have emerged.
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? Effectively, shifting ahead, Activision Blizzard plans to commit a fund of $18 million to “compensate and make amends to eligible claimants.” Any extra monies might be dispersed to charities that defend and assist ladies within the video games trade and initiatives that advocate for office range. A 3rd-party equal alternative marketing consultant can be slated to report again to the writer’s Board of Administrators alongside the EEOC concerning the execution of those packages. Click on the hyperlink on the high of the paragraph for extra particulars.
The press launch goes on to state that the settlement is topic to court docket approval. Nonetheless, 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 govt of Activision Blizzard has turn out 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 season, Eurogamer reported that Bobby Kotick’s $155 million pay packet was authorized by firm shareholders even after Kotick agreed to a 50% bonus cut and salary reduction. The just lately settled $18 million funds for assist packages and initiatives should not even 1 / 4 of the CEO’s alleged 2021 revenue.