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Shareholder objects to Activision CEO Kotick’s renomination to Coca-Cola board -Breaking

by Mike Robinson

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© Reuters. Bobby Kotick, chief government officer of Activision Blizzard, attends the annual Allen and Co. Solar Valley media convention in Solar Valley, Idaho, U.S., July 10, 2019. REUTERS/Brendan McDermid

(Reuters) – A Coca-Cola (NYSE:) Co shareholder requested the beverage big on Thursday to not renominate Activision Blizzard Inc (NASDAQ:)’s Chief Govt Officer Bobby Kotick to its board, because the online game firm offers with lawsuits on office harassment.

Allegations of sexual harassment and discrimination at Activision earlier this yr led to greater than 20 staff being fired and 20 extra people dealing with different types of disciplinary motion.

SOC Funding Group, which can be an adviser to pension funds, mentioned Kotick bears “major duty for the longstanding ‘frat boy’ company tradition” that has put Activision beneath strain and introduced in lawsuits.

“The time and a spotlight that Kotick might want to dedicate to the cultural disaster at Activision should preclude his capability to successfully function a director of a significant international model,” SOC mentioned.

Coca-Cola and Activision didn’t instantly reply to requests for remark.

SOC mentioned it will additionally oppose Kotick and Coca-Cola’s lead unbiased director Maria Elena Lagomasino’s re-election, if Kotick was nominated.

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