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Activision Blizzard Shareholders Vote To Keep Bobby Kotick On Board Of Directors For Another Year


Regardless of being closely criticized for his function in Activision Blizzard’s worker sexual abuse scandal, CEO Bobby Kotick will stay on the corporate’s board of administrators for an additional yr.

The writer held its annual assembly of stockholders, who voted on 5 proposals, resembling its checklist of ten administrators, together with Kotick, to serve one-year phrases. The doc detailing the outcomes reveals that over 533 million traders voted in Kotick’s favor towards 62.5 million who voted towards him. Two million shareholders abstained from voting.

The consequence signifies that Kotick retains his spot till Activision’s 2023 stockholder assembly subsequent June. The consequence comes after Kotick spent the final yr underneath fireplace for reportedly hiding particulars of the corporate’s abuse issues from shareholders, which brought on some staff and traders to name for his resignation. Kotick has responded by lowering his wage till “transformational gender objectives” have been met. Activision has since employed new chief range, fairness, and inclusion officer

Though Kotick stays on Activision’s board, his future as CEO as soon as Microsoft’s acquisition of the corporate is full stays unknown. The deal isn’t anticipated to undergo till someday subsequent summer season, probably across the time of the subsequent stockholder assembly.

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