Activision Blizzard is urged to make “radical changes” by treasurers of six US states. They want to meet with the board of directors

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Translated with AI from the Russian original.

Despite an “investigative exposé” by journalists and numerous calls to resign, Bobby Kotick still holds his position. State treasurers have questions for the board of directors

Despite revelations, petitions, and walkouts, Bobby Kotick is not leaving his post. Now, Activision Blizzard’s board of directors has come into the focus of six US state treasurers who want to meet.

The meeting is expected to discuss the crisis engulfing the company following a lawsuit from the California Department of Fair Employment and Housing, as well as what the company intends to do to eradicate misconduct in the workplace.

One of the treasurers stated: “We are concerned that the current CEO and board directors have neither the skillset nor the conviction to initiate the sweeping changes needed to transform their culture [i.e., “radical changes”], and to restore trust among employees, shareholders, and their partners.”

They want to meet with the board of directors before December 20, and also announced plans to ask the board to conduct a “real investigation” (involving an “outside investigator”). They also want to consider calling for a vote against the re-election of the board of directors, including Bobby Kotick.

Earlier, such a vote was reported by a group of investors holding less than 1% of the shares. The state of Illinois has invested in Activision Blizzard. It is unknown how many shares the treasurers control.

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