The situation at Activision continues to deteriorate as some shareholders call for CEO Bobby Kotick and two board members to resign.
The situation at Activision Blizzard continues to develop following yesterday’s report of fresh revelations against the company. Now some of the company’s shareholders have joined with several of its employees calling for the resignation of its CEO, Bobby Kotick. Others are responding to the allegations from the company, including PlayStation boss Jim Ryan. Yesterday, the Wall Street Journal published a report bringing to light several new allegations of workplace misconduct, sexual harassment and assault, and discrimination at the game publisher. Kotick is named in one of these allegations as he reportedly harassed and threatened to kill and destroy his assistant and a flight attendant on his private jet. He also intervened to keep multiple other alleged assailants at the company with little repercussions for their actions. Activision’s board of directors issued a statement in support of Kotick shortly after Kotick gave his own response. It said, “The Board remains confident in Bobby Kotick’s leadership, commitment, and ability to achieve these goals.” In the most recent news as reported by the Washington Post, Activision’s shareholders — which include SOC Investment Group, Future Super, NEI Investments, Shareholder Association for Research & Education (SHARE) and Verve Super — have sent a letter to Activision’s board of directors. In it, they ask that Kotick resign from his position and that chairman Brian Kelly and lead independent director Robert J.
