6 US treasurers demand answers from Activision Blizzard regarding harassment allegations

In context: When companies misbehave, it isn’t unusual for them to come back out on the opposite facet scot-free. Sadly for Activision Blizzard and its CEO, Bobby Kotick, that hasn’t been the case up to now. The general public picture of each events has been considerably tarnished lately as journalists and state investigators have discovered a number of cases of sexual harassment, assault, and worse inside the firm. Activision Blizzard’s issues do not finish there, although: now, 6 state treasurers are demanding solutions from the corporate’s board of administrators.

The treasurers in query hail from California, Massachusetts, Illinois, Oregon, Delaware, and Nevada. In response to Axios, they’ve collectively despatched a letter to Activision Blizzard’s board of administrators requesting a gathering to “talk about [their] response to the challenges and funding threat exposures that face Activision.”

Within the letter, the treasurers additionally reportedly mentioned that they’d “weigh a name to vote” in opposition to the re-election of “incumbent administrators.” Apparently, this references a name from a bunch of Activision Blizzard shareholders who demanded Kotick’s resignation final month.

The total letter to Activision Blizzard has not been revealed in its entirety by Axios, nor has it been formally launched by the concerned treasurers, so we will not choose it aside for particulars. Nonetheless, broadly talking, the treasurers really feel that there must be “sweeping adjustments” made at Activision Blizzard, however the present management workforce may not have the “skillset, nor the conviction” to institute these adjustments.

On condition that the corporate’s board of administrators defended Bobby Kotick despite the allegations going through him, it is maybe comprehensible that the treasurers would possibly really feel that manner. In spite of everything, if these allegations are true, there could also be a battle of curiosity at play. May Kotick be anticipated to enact “sweeping” change if he is concerned within the actions that want altering? Maybe, maybe not. The board definitely thinks so, however we’ll let official investigators have the ultimate say.

In any case, it has been an terrible few months for Activision Blizzard management, and it does not appear like issues are getting higher anytime quickly. Nonetheless, with slightly luck, the scenario would possibly simply enhance for the corporate’s staff. Solely time will inform.

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