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Activision Blizzard Shareholders Vote To Keep CEO Bobby Kotick On Board Of Directors

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Shortly after Activision Blizzard shareholders voted to approve a report looking into the company’s anti-harassment efforts, the members additionally voted to approve its list of Board of Directors nominees–a listing which incorporates present CEO Bobby Kotick.

In accordance with a document filed on June 21, practically 534 million shareholders voted in favor of the proposed Board of Administrators whereas solely 62.5 million opposed the movement and a pair of million abstained. Suffice to say, the proposed merchandise handed simply.

The vote comes after Kotick was repeatedly slammed for his half in sustaining Activision Blizzard’s poisonous work tradition. Final December, the CEO was accused of hiding what he knew about harassment and assault allegations, in addition to threatening to kill an assistant years prior. Nevertheless, regardless of employees–and shareholders–repeatedly calling for Kotick’s resignation, it appears as if he’ll be round via 2023.

As for if Kotick will stay CEO of Activision Blizzard, it is nonetheless too quickly to inform. Proper now, the corporate is within the means of being bought by Microsoft in a historic $70 billion greenback deal. Some stories declare Kotick will obtain a “$15 million dollar golden parachute” following the acquisition and his exit is imminent, whereas others are not sure about what’s going to occur following the acquisition.

Earlier this month, Activision Blizzard launched the outcomes of its personal inside investigation by way of its investor web site. Whereas the report did acknowledge particular person cases of harassment, it claimed there was “no evidence” that senior executives ignored harassment or hid info from the Board.

Shortly after Activision Blizzard shareholders voted to approve a report looking into the company’s anti-harassment efforts, the members additionally voted to approve its list of Board of Directors nominees–a listing which incorporates present CEO Bobby Kotick.

In accordance with a document filed on June 21, practically 534 million shareholders voted in favor of the proposed Board of Administrators whereas solely 62.5 million opposed the movement and a pair of million abstained. Suffice to say, the proposed merchandise handed simply.

The vote comes after Kotick was repeatedly slammed for his half in sustaining Activision Blizzard’s poisonous work tradition. Final December, the CEO was accused of hiding what he knew about harassment and assault allegations, in addition to threatening to kill an assistant years prior. Nevertheless, regardless of employees–and shareholders–repeatedly calling for Kotick’s resignation, it appears as if he’ll be round via 2023.

As for if Kotick will stay CEO of Activision Blizzard, it is nonetheless too quickly to inform. Proper now, the corporate is within the means of being bought by Microsoft in a historic $70 billion greenback deal. Some stories declare Kotick will obtain a “$15 million dollar golden parachute” following the acquisition and his exit is imminent, whereas others are not sure about what’s going to occur following the acquisition.

Earlier this month, Activision Blizzard launched the outcomes of its personal inside investigation by way of its investor web site. Whereas the report did acknowledge particular person cases of harassment, it claimed there was “no evidence” that senior executives ignored harassment or hid info from the Board.

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