Activision shareholders call for Bobby Kotick\u2019s resignation amid new reports Activision BlizzardA group of Activision Blizzard shareholders is calling for CEO Bobby Kotick to resign as reports surfaced on November 16 that he was aware of sexual misconduct allegations for years. Activision has been entangled in a web of controversy for months now, resulting in lawsuits relating to sexual harassment and employees reportedly tied to the reports being let go. Following a Wall Street Journal report alleging that Bobby Kotick was aware of sexual misconduct happening in the company for years, the CEO refuted the claims as \u201cinaccurate and misleading.\u201d That didn\u2019t stop 100 or so employees from holding a walk-out later in the day and now, a group with a total of 4.8 million shares from calling for Kotick\u2019s resignation. Shareholders demand Kotick step down According to The Washington Post, Strategic Organizing Center (SOC) Investment Group wrote a letter to the board of directors calling for Kotick to resign. Additionally, they want the board\u2019s two longest-serving directors Brian Kelly and Robert Morgado to retire before 2022, or they would not be voting for the reelection of current directors. Speaking to The Post, SOC executive director Dieter Waizenegger said it was \u201cclear that the current leadership repeatedly failed to uphold a safe workplace\u201d and pushed for a \u201creset button on the board.\u201d I’m seeing a lot of big reactions to this story, but some important context: \u2013 This group, SOC, owns 4.8 million shares, or just 0.6% of Activision Blizzard \u2013 SOC has been criticizing Kotick for a long time. This isn’t a turnaround or shift in view from them https:\/\/t.co\/Snuvaoqj5P\u2014 Jason Schreier (@jasonschreier) November 17, 2021 It should be noted, however, as pointed out by journalist Jason Schreier, that SOC owns only 0.6% of Activision Blizzard and the group has been critical of Kotick for some time. We\u2019ll have to wait and see what ends up unfolding at Activision Blizzard as the fallout from recent reports continues.<\/p>\n","protected":false},"excerpt":{"rendered":"
Activision shareholders call for Bobby Kotick\u2019s resignation amid new reports Activision BlizzardA group of Activision Blizzard shareholders is calling for CEO Bobby Kotick to resign as reports surfaced on November 16 that he was aware of sexual misconduct allegations for years. Activision has been entangled in a web of controversy for months now, resulting in […]<\/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-21793","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/21793","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=21793"}],"version-history":[{"count":0,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/21793\/revisions"}],"wp:attachment":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/media?parent=21793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/categories?post=21793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/tags?post=21793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}