150 members of Activision Blizzard demand the departure of the CEO for acts of sexual harassment: “We will not be silent”

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Investor concerns about the management of the company are also growing, according to the financial news agency Bloomberg.

The group of employees stopped work for a time in protest and went to the Activision Blizzard headquarters in Los Angeles. “We will not be silent until Bobby Kotick is replaced and we will continue to press for an independent audit,” said the group’s workers’ union, the ABK Workers Alliance.

The Wall Street Journal published an article on Tuesday recounting accusations of sexual harassment at Activision Blizzard and describing Mr. Kotick as being aware of the assaults. The American business daily bases this on interviews, company emails, requests from regulators and other internal documents which show that the CEO was aware of the facts of sexual harassment that took place. during 2016 and 2017. The company would not have reported this to its board of directors. The Wall Street Journal has also reported on cases where Bobby Kotick himself is accused of sexually harassing.

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Board support

Activision Blizzard has denied the allegations against its CEO and the board has also affirmed its support for the boss of the company. “The Board remains convinced that Bobby Kotick adequately addressed the problems in the workplace for which he was alerted,” he said in a statement.

The Board is made up of ten members, including two women. A source close to the body told Bloomberg that support for Mr Kotick would not hold, however, if new information against him emerged.

The revelations dealt a blow to the company’s stock market price, which had lost 6.1% on Tuesday. The stock is trading 36% below its peak reached in February.

Other layoffs

By the end of October, the video game producer had already dismissed around 20 employees, accused of sexual harassment and discrimination in the workplace. At least 20 other workers were disciplined for the same reasons. Activision Blizzard has been sued in the past by a state government in California for its “sexist culture” which resulted in less pay for women than for men.

In August, it was also announced that a senior company executive had resigned due to the scandal. In July, more than 2,600 people working for Activision Blizzard had denounced acts of sexual harassment and discrimination. Bobby Kotick then promised to act.

Activision Blizzard has approximately 10,000 employees.

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