Activision CEO Kotick would consider leaving if he can’t quickly fix problems – WSJ -Breaking
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© Reuters. FILE PHOTO Bobby Kotick is the chief executive officer at Activision Blizzard. He attends an Allen and Co. Sun Valley conference, Sun Valley, Idaho (USA), July 10, 2019. REUTERS/Brendan McDermid(Reuters) – Bobby Kotick, Activision Blizzard Inc’s Chief Executive Officer (NASDAQ:), has indicated to senior management that he will consider stepping down if he doesn’t quickly address culture issues at the company. The Wall Street Journal quoted people who were familiar with Kotick’s comments on Sunday.
In a meeting on Friday with executives of the video game publisher’s Blizzard Entertainment unit, Kotick stopped short of saying he would step down, but left it open if misconduct issues at the company weren’t fixed quickly, the people quoted told WSJ.
Activision Blizzard didn’t respond to Reuters’ request outside of business hours.
The move comes after some employees at the company staged a walkout last Tuesday after a Wall Street Journal report https://on.wsj.com/30IoWoL stated that Kotick knew about allegations of sexual harassment and assault earlier than previously reported.
Kotick made the comments in Friday’s Journal. They were part of a series last week of meetings where he and other leaders met employees to reiterate their support for a healthy work environment.
Kotick held meetings last week with senior leaders from two of Activision’s units, Activision Publishing and Blizzard Entertainment, WSJ reported, adding top executives of Activision Publishing relayed to Kotick in an online meeting that some employees would not be satisfied unless he stepped down.
Activision has come under increased pressure over the past months from allegations of sexual harassment and discrimination by employees. According to the company, it fired over 20 workers in response to allegations of discrimination and sexual harassment last month.
These allegations have led to the delay in product launches and resignations of high-ranking executives.
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