Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Activision board says no evidence senior execs ignored harassment cases

Published 06/16/2022, 07:47 AM
Updated 06/16/2022, 07:50 AM
© Reuters. FILE PHOTO: The Activision booth is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017.  REUTERS/ Mike Blake/File Photo

(Reuters) -Activision Blizzard Inc's board and external advisers said on Thursday there was no evidence to suggest that senior executives intentionally ignored or attempted to downplay reported instances of gender harassment.

There were some substantiated instances of gender harassment, the independent directors of the company's board said https:// in a filing.

But these instances did not support the conclusion that senior leadership or the board were aware of and tolerated gender harassment, the directors said.

Activision, which is being acquired by Microsoft Corp (NASDAQ:MSFT) for $68.7 billion, has been under fire for alleged misconduct at the company.

California in July last year brought a lawsuit against the company, alleging it "fostered a sexist culture".

Activision has also been the subject of investigative stories detailing allegations of sexual harassment internally, with employees staging walkouts to protest the company's response to the issues.

Workers in November last year circulated a petition calling for the removal of Chief Executive Officer Bobby Kotick amid mounting criticism of the culture at the company.

In response, Activision's board formed a Workplace Responsibility Committee to oversee its progress in improving culture.

Activision Blizzard (NASDAQ:ATVI) is also seeing unionization efforts from its employees with a small group of quality assurance testers voting for joining the Communications Workers of America last month.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.