Bobby Kotick

Activision CEO Bobby Kotick has asked to receive minimum $62,500 salary until diversity goals are achieved

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Time Stamp: October 28, 2021 11:28 AM - Modified On: November 2, 2021 - Published By:
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In a letter to Activision Blizzard employees and shared on the company’s investor relations page, CEO Bobby Kotick said he’s asked the board of directors to reduce his pay to the “lowest amount California law will allow,” which is $62,500 for salaried employees. The Oct. 28 letter describes the goals and milestones that Kotick hopes Activision Blizzard can achieve over the next few years. Kotick said his compensation will stay reduced until the board determines that the company has achieved those goals. He said this is to “ensure that every

Activision CEO to Take Pay Cut, Waive Arbitration in Harassment Claims

Source Node: https://www.dbltap.com/posts/activision-ceo-to-take-pay-cut-waive-arbitration-in-harassment-claims-01fk3mcq3vsk?utm_source=RSS
Time Stamp: October 28, 2021 11:01 AM - Modified On: November 2, 2021 - Published By:
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Top GamesBobby Kotick, left, has asked Activision Blizzard's board of directors to significantly reduce his salary temporarily. / Kevin Dietsch/GettyImagesActivision Blizzard CEO Bobby Kotick has announced he will take a steep pay cut and waive forced arbitration on sexual harassment, unlawful discrimination, or related retaliation.Kotick has been the company's steward since 2008. A pair of court cases and investigations, led by the Equal Employment Opportunity Commission and the California Department of Fair Employment and Housing, have accused Activision Blizzard of a culture rife with sexual harassment and gender-based discrimination. Activision

Activision Blizzard Agrees to $18M Settlement in Harassment Suit

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Time Stamp: September 28, 2021 11:49 AM - Modified On: September 28, 2021 - Published By:
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Top GamesActivision Blizzard has agreed to an $18 million settlement in the EEOC lawsuit against it. / SOPA Images/Getty ImagesAs part of a settlement with the Equal Employment Opportunity Commission, Activision Blizzard has agreed to establish an $18 million fund for employees who experienced harassment and discrimination at the company.The EEOC investigation of Activision Blizzard began in September of 2018, lasted three years and resulted in a suit filed Monday in California court. The settlement allows that claimants who have experienced "sexual harassment, pregnancy discrimination and/or related retaliations or constructive

SEC, EEOC Investigating Activision Blizzard Over Sexual Harassment Allegations, CEO Subpoenaed

Source Node: https://www.dbltap.com/posts/sec-eeoc-investigating-activision-blizzard-over-sexual-harassment-allegations-ceo-subpoenaed-01fg4r1b9v99?utm_source=RSS
Time Stamp: September 21, 2021 4:46 PM - Modified On: September 21, 2021 - Published By:
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Activision Blizzard CEO Bobby Kotick has been subpoenaed by the SEC. / Kevin Dietsch/Getty ImagesBoth the United States Securities and Exchange Commission and the Equal Employment Opportunity Commission have opened investigations into Activision Blizzard over its handling of allegations of sexual harassment and gender-based discrimination, the company confirmed Monday.The SEC investigation has opened with a subpoena of the company and several current and former employees, including CEO Bobby Kotick.The SEC is investigating Activision Blizzard over sexual misconduct allegations and improper disclosures, the WSJ reports. It has subpoenaed Activision Blizzard CEO

Report: Securities and Exchange Commission investigating Activision Blizzard over sexual assault lawsuit handling

Source Node: https://dotesports.com/business/news/report-sec-investigating-activision-blizzard-over-sexual-assault-lawsuit-handling
Time Stamp: September 20, 2021 4:22 PM - Modified On: September 20, 2021 - Published By:
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The U.S. Securities and Exchange Commission (SEC) has launched an investigation into Activision Blizzard over a multitude of issues, according to a report from The Wall Street Journal. Chief among these issues is how Activision Blizzard has allegedly been handling its DFEH lawsuit. The Call of Duty, World of Warcraft, and Overwatch publisher has been accused of destroying evidence pertaining to a massive lawsuit launched against it that centers around allegations of extreme sexual misconduct and workplace discrimination. The Wall Street Journal also reports that Activision Blizzard has been subpoenaed

Activision Blizzard Accused of Destroying Evidence in Lawsuit

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Time Stamp: August 25, 2021 11:47 AM - Modified On: August 25, 2021 - Published By:
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Top GamesActivision Blizzard CEO Bobby Kotick. / Drew Angerer/Getty ImagesCalifornia's Department of Fair Employment and Housing has alleged that Activision Blizzard destroyed evidence related to the lawsuit filed against it for fostering a working environment of sexual harassment and gender discrimination.The DFEH's lawsuit created waves when it went public in late July, accusing the company of violating workplace fairness regulations regarding unequal pay, unequal opportunities and harassment against female employees. The amended complaint, filed Monday and reported on by Axios Gaming, expanded the suit to include "contingent or temporary workers,"

Activision Blizzard CEO Apologizes for ‘Tone Deaf’ Response to Harassment Lawsuit

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Time Stamp: July 28, 2021 10:42 AM - Modified On: July 28, 2021 - Published By:
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Top GamesActivision Blizzard CEO Bobby Kotick has apologized for the company's initial response to a lawsuit over its alleged sexist workplace. / Drew Angerer/Getty ImagesActivision Blizzard CEO Bobby Kotick published a letter to employees Wednesday apologizing for the company's public response to a lawsuit alleging ubiquitous sexual harassment and discrimination at the company.The letter, published via Activision's investor relations website, describes the company's initial response "tone deaf."Activision Blizzard CEO Bobby Kotick just sent the following letter to staff, calling the company's initial responses "tone deaf" and promising to take "swift

EA Making ‘Substantial Changes’ to Executive Pay

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Time Stamp: June 23, 2021 9:03 PM - Modified On: June 23, 2021 - Published By:
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Top GamesEA CEO Andrew Wilson. / Christian Petersen/Getty ImagesElectronic Arts says it will make "substantial changes" to executive pay after shareholders provided negative feedback about the company's current practices, per a regulatory filing ahead of a say-on-pay vote scheduled for August.Although the vote will be purely advisory — it wouldn't change compensation directly — EA has decided to incorporate the criticism in its new pay package. In May, the company's board approached a 2022 annual equity award for CEO Andrew Wilson of $18 million, at least 60% of which is performance-based. His

Bobby Kotick Secures $155M Pay Package

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Time Stamp: June 22, 2021 3:19 PM - Modified On: June 22, 2021 - Published By:
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Top GamesBobby Kotick is one of the highest paid executives in video games. / Drew Angerer/Getty ImagesActivision Blizzard shareholders have narrowly voted to approve CEO Bobby Kotick's $155 million pay packet, with 54% in favor of the approval. The approval comes after a year-long campaign by CtW Investor Group to cut down on Kotick's pay.The vote had been delayed by Activision Blizzard in what some saw as an attempt to avoid it's being rejected. For its part, Activision Blizzard says the delay helped shareholders to become better informed.Activision CEO Bobby

Activision Blizzard CEO Addresses Recent Layoffs

Source Node: https://www.dbltap.com/posts/activision-blizzard-ceo-addresses-recent-layoffs-01f4fth1her5?utm_source=RSS
Time Stamp: April 29, 2021 6:08 PM - Modified On: April 29, 2021 - Published By:
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Top GamesActivision Blizzard CEO Bobby Kotick will forgo half his salary. | Drew Angerer/Getty ImagesActivision Blizzard CEO Bobby Kotick explained the company's decision to lay off around 50 employees in the middle of the COVID-19 pandemic in a GamesBeat interview Thursday.Kotick said the elimination of live esports broadcasts as a result of the pandemic made many of those jobs untenable.Hahaha Kotick halving his salary when all of his real money comes from stock bonuses is like saying a game is free when you need to buy loot boxes to win—