Activision Blizzard Shareholders Vote To Preserve CEO Bobby Kotick On Board Of Administrators

Home gaming Activision Blizzard Shareholders Vote To Preserve CEO Bobby Kotick On Board Of Administrators
Activision Blizzard Shareholders Vote To Preserve CEO Bobby Kotick On Board Of Administrators
Activision Blizzard Shareholders Vote To Preserve CEO Bobby Kotick On Board Of Administrators

Shortly after Activision Blizzard shareholders voted to approve a report wanting into the corporate’s anti-harassment efforts, members additionally voted to approve a listing of board candidates — a listing that features present CEO Bobby Kotik.

In response to a doc filed on June 21, practically 534 million shareholders voted in favor of the proposed board of administrators whereas solely 62.5 million opposed the proposal and a pair of million abstained. Suffice it to say, that the proposed component handed simply.

The vote comes after Kotick has been repeatedly criticized for his position in sustaining Activision Blizzard’s poisonous work tradition. Final December, the CEO was accused of hiding what he knew about allegations of harassment and assault, in addition to threatening to kill his assistant years in the past. Nevertheless, though staff – and shareholders – have repeatedly referred to as for Kotick’s resignation, it seems he might be round till 2023.

As for whether or not Kotick will stay Activision Blizzard CEO, it is nonetheless too early to inform. At present, Microsoft is shopping for the corporate in a historic $70 billion deal. Some stories declare that Kotick will obtain a “golden parachute of $15 million” after the acquisition and his exit is imminent, whereas others aren’t certain what’s going to occur after the acquisition.

Earlier this month, Activision Blizzard launched the outcomes of its personal inner investigation through its investor web site. Whereas the report acknowledged particular person instances of harassment, it claimed there was “no evidence” that senior executives ignored the harassment or hid data from the board.

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