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Activision CEO Kotick would consider leaving if he can’t quickly fix problems – WSJ

Stock MarketsNov 21, 2021 07:55PM ET
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© Reuters. FILE PHOTO: Bobby Kotick, chief executive officer of Activision Blizzard, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 10, 2019. REUTERS/Brendan McDermid

(Reuters) - The Chief Executive Officer of Activision Blizzard Inc (NASDAQ:ATVI) Bobby Kotick has told senior managers at the company that he would consider stepping down if he fails to quickly fix the culture problems at the company, the Wall Street Journal reported on Sunday, quoting people familiar with his comments.

In a meeting on Friday with executives of the video game publisher’s Blizzard Entertainment unit, Kotick stopped short of saying he would step down, but left it open if misconduct issues at the company weren’t fixed quickly, the people quoted told WSJ.

Activision Blizzard did not respond to a Reuters request for comment outside business hours.

The move comes after some employees at the company staged a walkout last Tuesday after a Wall Street Journal report https://on.wsj.com/30IoWoL stated that Kotick knew about allegations of sexual harassment and assault earlier than previously reported.

The comments on Friday by Kotick were part of a series of internal meetings across Activision last week, in which he and other members of the leadership team met with employees to reaffirm their commitment to a healthy workplace, the Journal reported quoting people familiar with the meetings.

Kotick held meetings last week with senior leaders from two of Activision’s units, Activision Publishing and Blizzard Entertainment, WSJ reported, adding top executives of Activision Publishing relayed to Kotick in an online meeting that some employees would not be satisfied unless he stepped down.

Activision has been facing mounting pressure in recent months of allegations from employees of equal pay violations, sexual discrimination and sexual misconduct. The company said it had fired more than 20 employees following allegations of sexual harassment and discrimination last month.

The allegations at the company have also led to delays in launch of products and exit of top executives.

Activision CEO Kotick would consider leaving if he can’t quickly fix problems – WSJ
 

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Comments (2)
V E SKYLINE
V E SKYLINE Nov 21, 2021 9:12PM ET
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thanks for ruining blizzard games
Pauline Nguyen
Pauline Nguyen Nov 21, 2021 8:21PM ET
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How can he fix the problem when HE is the problem?
 
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