Tech

6 US Treasurers Demand Responses From Activision Blizzard On Harassment Allegations

In the context: When corporations misbehave, they often take the other side with impunity. Unfortunately for Activision Blizzard and its CEO Bobby Kotick, this hasn’t happened so far. The public image of both parties has deteriorated significantly in recent years as journalists and government investigators uncovered numerous cases of sexual harassment, assault and more serious crimes at the company. However, Activision Blizzard’s problems do not end there: now 6 state treasurers are demanding answers from the company’s board of directors.

These are treasurers from California, Massachusetts, Illinois, Oregon, Delaware and Nevada. According to Axios, they collectively sent a letter Activision Blizzard Board of Directors requesting a meeting to “discuss [their] responding to the investment risk challenges and risks facing Activision. “

In the letter, the treasurers also reportedly said they would “weigh the call for a vote” against the re-election of the “incumbent directors.” Apparently, this refers to a call from a group of shareholders of Activision Blizzard, which last month demanded the resignation of Kitty.

The full letter to Activision Blizzard has not been published by Axios in its entirety and has not been officially published by the treasurers involved, so we cannot disassemble it in detail. Overall, however, Treasurers believe that “sweeping changes” must be made at Activision Blizzard, but the current leadership team may not have the “skill set and conviction” to implement these changes.

Considering that the board of directors of the company defended Bobby Kotick, despite the accusations against him, it is perhaps understandable that the treasurers might think so. In the end, if these statements are true, there could be a conflict of interest. Can we expect “radical” changes from Kitty if he is involved in activities that need to be changed? Maybe, maybe not. The board definitely thinks so, but the final word rests with the official investigators.

Either way, it has been a terrible few months for the leadership of Activision Blizzard, and it doesn’t look like things will improve anytime soon. However, if you’re lucky, the situation could just to improve for company employees. Time will show.


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