6 US treasurers demand answers from Activision Blizzard regarding harassment allegations
In context: When corporations misbehave, it'southward not uncommon for them to come out on the other side scot-free. Unfortunately for Activision Blizzard and its CEO, Bobby Kotick, that hasn't been the case thus far. The public paradigm of both parties has been significantly tarnished recently equally journalists and state investigators have found multiple instances of sexual harassment, attack, and worse within the company. Activision Blizzard's problems don't terminate there, though: now, vi land treasurers are demanding answers from the company's board of directors.
The treasurers in question hail from California, Massachusetts, Illinois, Oregon, Delaware, and Nevada. Co-ordinate to Axios, they have collectively sent a letter of the alphabet to Activision Blizzard's lath of directors requesting a coming together to "talk over [their] response to the challenges and investment risk exposures that face Activision."
In the letter, the treasurers likewise reportedly said that they would "weigh a telephone call to vote" confronting the re-election of "incumbent directors." Apparently, this references a call from a group of Activision Blizzard shareholders who demanded Kotick'due south resignation last month.
The total letter to Activision Blizzard has not been published in its entirety by Axios, nor has it been officially released past the involved treasurers, and then we can't selection information technology apart for details. Nevertheless, broadly speaking, the treasurers feel that there needs to exist "sweeping changes" made at Activision Blizzard, just the electric current leadership squad might not have the "skillset, nor the confidence" to institute those changes.
Given that the company's board of directors defended Bobby Kotick in spite of the allegations facing him, it's perhaps understandable that the treasurers might experience that way. After all, if those allegations are true, there may exist a conflict of involvement at play. Could Kotick be expected to enact "sweeping" modify if he's involved in the activities that need changing? Perhaps, peradventure not. The board certainly thinks so, but we'll let official investigators take the final say.
In whatever case, information technology'due south been an awful few months for Activision Blizzard leadership, and information technology doesn't look like things are getting better anytime presently. Nevertheless, with a niggling luck, the situation might just amend for the visitor'south employees. Merely time will tell.
Source: https://www.techspot.com/news/92460-6-us-treasurers-demand-answers-activision-blizzard-regarding.html
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