August 9, 2022
Activision Blizzard Shareholders Vote To Keep Bobby Kotick On Board Of Directors For Another Year

In spite of getting closely criticized for his part in Activision Blizzard’s ongoing worker sexual abuse scandal, CEO Bobby Kotick will remain on the company’s board of administrators for yet another 12 months.

The publisher held its once-a-year assembly of stockholders, who voted on 5 proposals, this sort of as its list of ten administrators, which include Kotick, to serve a single-yr phrases. The document detailing the benefits reveals that an mind-boggling 533,703,580 investors voted in Kotick’s favor against 62,597,199 who voted against him. 2,162,178 shareholders abstained from voting.

The end result implies that Kotick retains his location right up until Activision’s 2023 stockholder assembly future June. The development arrives right after Kotick put in the past calendar year under fireplace for reportedly hiding information of the company’s abuse challenges from shareholders, which prompted some personnel and traders to connect with for his resignation. Kotick has responded by lowering his wage until eventually “transformational gender goals” were being fulfilled. Activision has considering that hired new main variety, fairness, and inclusion officer. 

Despite the fact that Kotick remains on Activision’s board, his long term as CEO after Microsoft’s acquisition of the firm is finish remains unknown. The offer is not predicted to go by means of until finally sometime upcoming summer time, maybe all-around the time of the future stockholder meeting.

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