Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

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

Published 11/21/2021, 07:21 PM
Updated 11/21/2021, 07:55 PM
© 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.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

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

Latest comments

thanks for ruining blizzard games
How can he fix the problem when HE is the problem?
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.