Activision Blizzard shareholders vote in favor of report on employee abuse, discrimination

Activision Blizzard shareholders voted Tuesday in favor of a resolution calling for a report on the video game company’s efforts to prevent abuse, harassment and discrimination of employees.

Activision, which is being acquired by Microsoft for $68.7 billion (about Rs 5,10,990 crore), has been critical of alleged misconduct at the company.

The shareholders of the company had proposed that the report should contain details of the number of disputes and the amount of money spent to settle claims relating to the last three years.

Proxy advisory firm Institutional Shareholder Services recommended voting for the proposal. According to the company, about two-thirds of the votes were cast in favor of the proposal.

Activision’s board and external advisors said last week that there was no evidence that senior executives deliberately ignored or attempted to downplay the reported incidents of sexual harassment.

The firm behind hits like Candy Crush and Call of Duty has been riddled with lawsuits and labor charges.

Its CEO Bobby Kotick has apologized on behalf of the group and implemented a “zero tolerance” policy, while dozens of employees have been furloughed or fired.

But according to the Wall Street Journal, the executive had known about reports of harassment for several years and sought to keep the incidents quiet.

In a filing with US market regulators, the firm acknowledged the existence of gender-based harassment cases on Thursday.

The document states, “The Board and its external advisors have determined that there is no evidence that senior executives at Activision Blizzard ever knowingly ignored or attempted to downplay incidents of sexual harassment and reported Went.”


Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *