Activision Blizzard shareholders pen open letter demanding changes after California lawsuit Activision-BlizzardAmid the allegations again Activision Blizzard that have taken the gaming community by storm, shareholders of the mega-corporation have put out a statement demanding action within the company. The alarming lawsuit filed against Activision Blizzard on July 22 sent ripples across the gaming community, with accusations against former employees and company leadership triggering a wide array of responses. With the outcome of the suit still up in the air, new questions are being asked about Activision Blizzard, as shareholders of the company are demanding changes internally. Changes that call for more women to be added to the board of directors, among other actionable goals. Shareholders demand changes to Activision Blizzard Not only have there been multiple companies withdrawing their sponsorships within the CDL and OWL, but calls for changes within the publisher are being made by one of its investment partners. This comes in the form of an open letter to Activision Blizzard filed by SOC Investment group, who have called out the response, or lack thereof, by executives. The letter details numerous problems that they\u2019ve had with the handling of the lawsuit, noting how CEO Bobby Kotick hasn\u2019t made significant changes to fully \u201caddress the deep and widespread issues with equity, inclusion, and human capital management.\u201d The letter, shared by Axios\u2019 Megan Farokhamnesh, and can be viewed down below. Activision Blizzard shareholder\/investment group SOC released a letter today demanding changes following management\u2019s \u201cinadequate response\u201d to the company\u2019s ongoing culture problems https:\/\/t.co\/R0rmImcISB pic.twitter.com\/NeeTGiPLo4 \u2014 Megan Farokhmanesh (@Megan_Nicolett) August 10, 2021 The allegations against the company are large in context but was found to foster \u201cpervasive frat boy culture\u201d from within and undermining or harming women employed at Activision Blizzard. The shareholder\u2019s letter has pinned some points they want to be made. The investors are calling for Kotick and other executives to \u201cincrease board diversity and equity by adding a woman director \u2013 preferably one with a history of advocacy for marginalized people and communities.\u201d While we doubt this is the last we\u2019ll hear regarding the Activision Blizzard lawsuit, it puts the ball into the executive\u2019s court to determine how they\u2019re going to restructure their culture from here.<\/p>\n","protected":false},"excerpt":{"rendered":"
Activision Blizzard shareholders pen open letter demanding changes after California lawsuit Activision-BlizzardAmid the allegations again Activision Blizzard that have taken the gaming community by storm, shareholders of the mega-corporation have put out a statement demanding action within the company. The alarming lawsuit filed against Activision Blizzard on July 22 sent ripples across the gaming community, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21785","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/21785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/comments?post=21785"}],"version-history":[{"count":0,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/21785\/revisions"}],"wp:attachment":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/media?parent=21785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/categories?post=21785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/tags?post=21785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}