Bob Kotick, the CEO of Activision Blizzard, was successfully re-elected to serve for another year on the board of directors. This decision was reached during the annual shareholder meeting of the company. The re-election of Activision CEO succeeded despite controversies and ongoing litigation about workplace harassment that involve Kotick. He received more than 533 million votes in favor of his re-election, against less than 63 million votes to oust him.
The Activision CEO and the company have been under fire regarding numerous allegations of workplace harassment, and many employees and shareholders called for his resignation. The accusations included workplace discrimination, sexual harassment, and poor working conditions. There was an internal investigation carried out by the company’s board that found “no evidence” of the executives disregarding employee harassment.
Activision Blizzard has said that it will carefully consider whether to proceed with a report that will address the alleged workplace harassment after two-thirds of its shareholders voted for the suggestion. However, the board of directors was against the shareholders’ intention to approve the report. The company released a statement claiming that in consistence with their ongoing commitments, they will consider the proposal to enhance their future disclosures. The statement read by Jessica Gonsalez said that the company is deeply committed to a welcoming and respectful workplace for all colleagues.
The re-election of Kotick as Activision CEO allows him to serve for another year unless he resigns or is replaced by the CEO of Microsoft in the impending buyout. Once the $70 billion buyout of Activision Blizzard by Microsoft is finalized, then the CEO of Microsoft, Phil Spencer, might take control. Some reports claim that Kotick’s exit is imminent and that he will receive a $15 million golden parachute after the purchase, while others are not sure what will occur after the acquisition.