Technology

Bobby Kotick is reportedly considering resigning if problems at work are not fixed “at a rapid pace”

Bobby Kotick has said he would consider stepping down as CEO of Activision Blizzard if he can’t address many of the company’s cultural issues quickly.

That is according to sources told The Wall Street Journal, who told the publication that Kotick held a meeting with top executives from the publisher Call of Duty on Friday to address the latest issues they face.

While he did not say he would definitely resign, he said it was likely if the company’s abuse and misconduct issues were not fixed “quickly”.

During the meeting, executives told Kotick that some employees would not be satisfied until he stepped down.

Kotick said he was sorry for the way he had handled the situation and added that he was embarrassed about some of the incidents that happened during his 30-year tenure as CEO.

The WSJ also reports that the publisher’s board of directors is considering forming a “workplace excellence committee,” a group that will oversee the company’s efforts to fix its culture, but There is no plan to specifically investigate Kotick.

Activision Blizzard did not respond to the Wall Street Journal’s request for comment.

The lack of a resignation letter or even a promise is likely to disappoint many of the parties who have called for Kotick to resign over the past week.

Including staff group ABK Workers Alliance, posted a petition with more than 1,700 signers called for the CEO’s resignation, and Activision Blizzard shareholder group, led by SOC Investment Group.

Last week, the nonprofit organization Girls Who Code sever ties with Activision Blizzard.

The increased scrutiny of Kotick stems from a Wall Street Journal report last week in which it detailed that the CEO know about various cases of misconduct and abuse over the years.

The allegations include that Kotick threatened via voicemail to kill an aide and that he intervened when Treyarch’s co-head, Dan Bunting, was about to be fired following an investigation into sexual harassment allegations against him. ta. Kotick is said to have dismissed the decision in favor of consulting.

Combination of new statements and Kotick’s Poor handling of situations even led to criticism from the top PlayStation and Xbox, then said it was “evaluating” its relationship with Activision Blizzard.

All of this follows many lawsuits against the publisher regarding complaints of abuse, discrimination and harassment, as well as violations of equal pay and civil rights laws.

Activision Blizzard’s stock price fell 11% from $70.43 to $62.38 over the course of the past week as revelations from the Wall Street Journal, and the company’s response to it, quickly went viral.

By comparison, this fell 14% from $77.67 to $66.75 in just one day after the company’s latest financial results, where it showed a bit of growth but Call of Duty sales drop 17%.

https://www.gamesindustry.biz/articles/2021-11-22-kotick-reportedly-considering-resignation-if-workplace-issues-arent-fixed-with-speed Bobby Kotick is reportedly considering resigning if problems at work are not fixed "at a rapid pace"

TaraSubramaniam

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