Activision Blizzard shareholders issued a letter calling for the resignation of CEO Bobby Kotick and two long-serving members of the board of administrators a day after the Wall Road Journal reported Kotick not solely knew about quite a few instances of sexual harassment on the firm however labored to cowl them up.

“As new reporting indicates, and in contrast to past company statements, CEO Bobby Kotick was aware of many incidents of sexual harassment, sexual assault, and gender discrimination at Activision Blizzard,” wrote the SOC Funding Group, which works on behalf of union pension funds invested in Activision Blizzard and different firms. “We, therefore, call on Mr. Kotick to resign as CEO of the company.”

The letter additionally requires the retirement of Brian Kelly and Robert Morgado, two of the senior-most board members serving for the reason that ’90s, to be able to make sure the board of administrators is able to main a top-down effort to reform the corporate. Whereas the SOC represents a minuscule portion of Activision Blizzard’s complete shares, the group stated if its calls for weren’t addressed, it will not help the re-election of present board members and would work to make sure different shareholders adopted go well with.

Within the aftermath of the report, Activision Blizzard workers staged a walkout — their second in 4 months — in protest of Kotick’s alleged participation in and enabling of the sorts of sexual harassment and discrimination that noticed the corporate sued by the EEOC, the California Division of Truthful Employment and Housing, and its personal workers, all in 2021. After the information of the lawsuits broke in July, Kotick repeatedly expressed commitments to alter, saying the corporate would implement a “zero tolerance” coverage, and he would scale back his wage to the bottom allowed by California legislation.

Along with the WSJ story, IGN reported on former Blizzard govt Jen Oneal’s sudden resignation, stating that regardless of being co-president with Mike Ybarra, she was paid lower than him and was solely supplied equal compensation after tendering her resignation. This information comes after quite a few statements from Kotick stating the corporate was dedicated to pay transparency for its feminine workers.

Within the letter despatched to Activision Blizzard’s board of administrators, the SOC writes, “Our company faces an unprecedented workplace crisis of its own making.” The letter additionally criticizes the board for being “almost entirely silent.”

Hours after the WSJ report, Activision Blizzard’s board of administrators issued a press release supporting Kotick, additional angering workers and followers.


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