22 Nov 2021
Activision CEO Says He May Exit if Work Culture Problems Not Fixed Soon
The Index Today
Dow Jones reported that CEO at Activision Blizzard Inc, Bobby Kotick informed senior managers that he may resign from the firm if he is unable to find solutions to the existing culture problems.
Bobby Kotick stressed upon the need to fix the misconduct issues as soon as possible. The news came after Wall Street Journal published an article last week stating that he failed to report sexual harassment claims against female employees to the board. The article also mentioned he was aware of the ongoing issues but refused to take immediate action.
The gaming company did not respond to the Dow Jones report but insisted that CEO Bobby took appropriate steps to counter the issues in the workplace. Activision is known for creating popular games such as Call of Duty, World Warcraft and more. California’s Department of Fair Employment and Housing sued the firm last summer over unequal pay and sexual harassment claims.
Employees at Activision have asked the CEO to resign after staging a walkout at the Santa Monica campus earlier. Business partners in the company are also under pressure to take appropriate action. Activision shares fell by 25% this year in the S&P 500 Index.