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Activision Blizzard Shareholders Vote To Preserve CEO Bobby Kotick On Board Of Administrators



Shortly after Activision Blizzard shareholders voted to approve a report wanting into the corporate’s anti-harassment efforts, the members additionally voted to approve its listing of Board of Administrators nominees–a listing which incorporates present CEO Bobby Kotick.

Based on a doc filed on June 21, almost 534 million shareholders voted in favor of the proposed Board of Administrators whereas solely 62.5 million opposed the movement and a couple of million abstained. Suffice to say, the proposed merchandise handed simply.

The vote comes after Kotick was repeatedly slammed for his half in sustaining Activision Blizzard’s poisonous work tradition. Final December, the CEO was accused of hiding what he knew about harassment and assault allegations, in addition to threatening to kill an assistant years prior. Nevertheless, regardless of employees–and shareholders–repeatedly calling for Kotick’s resignation, it seems as if he’ll be round by means of 2023.

As for if Kotick will stay CEO of Activision Blizzard, it is nonetheless too quickly to inform. Proper now, the corporate is within the technique of being bought by Microsoft in a historic $70 billion greenback deal. Some reviews declare Kotick will obtain a “$15 million greenback golden parachute” following the acquisition and his exit is imminent, whereas others are uncertain about what’s going to occur following the acquisition.

Earlier this month, Activision Blizzard launched the outcomes of its personal inside investigation through its investor web site. Whereas the report did acknowledge particular person situations of harassment, it claimed there was “no proof” that senior executives ignored harassment or hid info from the Board.

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