December 6, 2022

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Activision Blizzard Shareholders Vote To Keep CEO Bobby Kotick On Board Of Directors

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Shortly just after Activision Blizzard shareholders voted to approve a report seeking into the firm’s anti-harassment initiatives, the members also voted to approve its record of Board of Administrators nominees–a list which contains recent CEO Bobby Kotick.

In accordance to a document filed on June 21, approximately 534 million shareholders voted in favor of the proposed Board of Administrators when only 62.5 million opposed the motion and 2 million abstained. Suffice to say, the proposed item passed effortlessly.

The vote arrives just after Kotick was regularly slammed for his portion in maintaining Activision Blizzard’s harmful work tradition. Last December, the CEO was accused of hiding what he realized about harassment and assault allegations, as nicely as threatening to kill an assistant many years prior. On the other hand, inspite of personnel–and shareholders–repeatedly contacting for Kotick’s resignation, it appears to be as while he’ll be all-around by 2023.

As for if Kotick will keep on being CEO of Activision Blizzard, it’s still too soon to tell. Appropriate now, the enterprise is in the approach of staying procured by Microsoft in a historic $70 billion dollar offer. Some reports claim Kotick will receive a “$15 million greenback golden parachute” pursuing the buy and his exit is imminent, whilst many others are not sure about what will happen next the acquisition.

Earlier this month, Activision Blizzard introduced the success of its possess internal investigation via its investor web page. Although the report did accept personal cases of harassment, it claimed there was “no proof” that senior executives dismissed harassment or concealed data from the Board.

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