Activision Blizzard CEO Bobby Kotick Will Make $155 Million This Year, Recent EEOC Lawsuit Settled For Less Than Quarter Of His Earnings

2 weeks ago 5
PR Distribution

Last week, a caller study surrounding the Activision Blizzard lawsuit(s) came to airy erstwhile the Securities and Exchange Commission (SEC) announced an probe into immoderate of the publisher’s starring figures, including CEO Bobby Kotick. In effect to Kotick’s workplace initiatives press merchandise (also past week), the U.S. Equal Employment Opportunity Commission (EEOC) has go the astir caller national bureau to writer Activision Blizzard. According to a Kotaku report, the EEOC suit was precocious settled. However, much troubling monetary details person emerged.

Yesterday, Activision Blizzard released a statement confirming that an statement was reached with the EEOC that includes “developing tools and grooming programs to assistance efforts to amended workplace experiences.” What does this mean? Well, moving forward, Activision Blizzard volition beryllium committing a money of $18 cardinal to “compensate and marque amends to eligible claimants.” Any further monies volition be dispersed to charities that support and enactment women successful the games manufacture and initiatives that advocator for workplace diversity. A third-party adjacent accidental advisor is besides slated to study backmost to the publisher’s Board of Directors alongside the EEOC regarding the execution of these programs. Click the nexus supra for much details.

The property merchandise goes connected to authorities that the statement is inactive taxable to tribunal approval. Nevertheless, Kotick chimed in, stating:

“There is nary spot anyplace astatine our institution for discrimination, harassment, oregon unequal attraction of immoderate kind, and I americium grateful to the employees who bravely shared their experiences. I americium atrocious that anyone had to acquisition inappropriate conduct, and I stay unwavering successful my committedness to marque Activision Blizzard 1 of the world’s astir inclusive, respected, and respectful workplaces. We volition proceed to beryllium vigilant successful our committedness to the elimination of harassment and favoritism successful the workplace. We convey the EEOC for its constructive engagement arsenic we enactment to fulfill our commitments to eradicate inappropriate behaviour successful the workplace.”

Despite this statement, Bobby Kotick’s tenure arsenic the starring enforcement of Activision Blizzard has go synonymous with a long past of harassment and discrimination – from intersexual misconduct that has led to the nonaccomplishment of beingness to abhorrent gender-based wage gaps. Over the summer, Eurogamer reported that Bobby Kotick’s $155 cardinal wage packet was approved by institution shareholders adjacent aft Kotick agreed to a 50% bonus chopped and wage reduction. The precocious settled $18 cardinal funds for enactment programs and initiatives are not adjacent a 4th of the CEO’s alleged 2021 income. 

For much accusation surrounding the allegations against Activision Blizzard and the ensuing lawsuits, work Liana Ruppert’s extended sum here.

[Source: Eurogamer via Kotaku]

Read Entire Article