{"id":416907,"date":"2025-11-03T19:15:42","date_gmt":"2025-11-03T19:15:42","guid":{"rendered":"https:\/\/arcader.org\/activision-blizzard-shareholders-call-on-bobby-kotick-board-members-to-resign-update\/"},"modified":"2025-11-03T19:15:42","modified_gmt":"2025-11-03T19:15:42","slug":"activision-blizzard-shareholders-call-on-bobby-kotick-board-members-to-resign-update","status":"publish","type":"post","link":"https:\/\/arcader.org\/news\/activision-blizzard-shareholders-call-on-bobby-kotick-board-members-to-resign-update\/","title":{"rendered":"Activision Blizzard Shareholders Call On Bobby Kotick, Board Members To Resign [UPDATE]"},"content":{"rendered":"\n<p> <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/arcader.org\/wp-content\/uploads\/2021\/11\/activision-blizzard-shareholders-call-on-bobby-kotick-board-members-to-resign-update.jpg\" width=\"800\" height=\"450\" alt=\"\" typeof=\"Image\" class=\"image-style-body-default\" \/> <\/p>\n<p><strong>Update: 11\/18\/21 2:00 p.m. Central: <\/strong>We have learned through the reporting of Shannon Liao at <a href=\"https:\/\/www.washingtonpost.com\/video-games\/2021\/11\/18\/activision-employees-petition-kotick-resignation\/\" target=\"_blank\" rel=\"noopener\">The Washington Post<\/a> that Activision Blizzard employees have begun signing an open petition for CEO Bobby Kotick to resign from his position at the company. At the time of this update, over 500 workers have put their names on the <a href=\"https:\/\/docs.google.com\/document\/d\/e\/2PACX-1vSbxdA-egrhAK6TcydVcrTqQDDjU7QE4j4jpjwCO2pUIYFmtTjLksl7EBALc8O_Jla2qT1Oy0H5zn66\/pub\" target=\"_blank\" rel=\"noopener\">petition, which reads<\/a>, &#8220;We, the undersigned, no longer have confidence in the leadership of Bobby Kotick as the CEO of Activision Blizzard.&#8221; The group&#8217;s demand is succinct and simple, saying,\u00a0&#8220;We ask that Bobby Kotick remove himself as CEO of Activision Blizzard, and that shareholders be allowed to select the new CEO without the input of Bobby, who we are aware owns a substantial portion of the voting rights of the shareholders.&#8221; According to data from 2020, Activision Blizzard employs somewhere in the ballpark of 9,500 people, which means this petition currently represents over 5% of the workforce.<\/p>\n<blockquote class=\"tw-align-center twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\" xml:lang=\"en\">Over 500 Activision Blizzard employees have signed a petition calling for the removal of CEO Bobby Kotick. &#8220;We, the undersigned, no longer have confidence in the leadership of Bobby Kotick as the CEO of Activision Blizzard,&#8221; they write. <a href=\"https:\/\/t.co\/D75HwxejVS\">https:\/\/t.co\/D75HwxejVS<\/a><\/p>\n<p>\u2014 Shannon Liao (@Shannon_Liao) <a href=\"https:\/\/twitter.com\/Shannon_Liao\/status\/1461396381122404352?ref_src=twsrc%5Etfw\">November 18, 2021<\/a><\/p><\/blockquote>\n<p><strong>Original Story: <\/strong>Yesterday, <em>The Wall Street Journal<\/em> published an extensive report detailing evidence that Activision CEO Bobby Kotick was aware for years of the company\u2019s long history of sexual misconduct. The report also points to Kotick withholding information about these events\u00a0from the board of directors and surfaces abuse allegations levied at Kotick himself.\u00a0<a href=\"https:\/\/www.gameinformer.com\/2021\/11\/16\/report-bobby-kotick-knew-of-activision-blizzards-history-of-sexual-misconduct-employees\" target=\"_blank\" rel=\"noopener\">You can read the full story here<\/a>, but the revelations sparked an industry-wide outcry that resulted in over 100 Activision Blizzard employees staging an impromptu walkout yesterday demanding Kotick\u2019s resignation. It now appears that a group of shareholders is echoing the same sentiment.\u00a0<\/p>\n<aside>\u00a0It is important to keep in mind what is going on within Activision Blizzard at this time regarding ongoing allegations about the work culture. The ongoing lawsuit from the California Department of Fair Employment and Housing (DFEH) against the company is over reported toxic workplace culture. The bulk of the suit focuses on &#8220;violations of the state&#8217;s civil rights and equal pay laws,&#8221; specifically regarding the treatment of women and other marginalized groups. To learn more about the proceedings thus far, including details listed in the lawsuit against Activision Blizzard, please check out our previous\u00a0<a href=\"https:\/\/www.gameinformer.com\/2021\/07\/22\/lawsuit-document-against-activision-blizzard-details-a-long-history-of-harassment-and\" target=\"_blank\" rel=\"noopener\">coverage here<\/a>.<\/aside>\n<p><em><a href=\"https:\/\/www.washingtonpost.com\/video-games\/2021\/11\/17\/bobby-kotick-resignation-shareholders\/\" target=\"_blank\" rel=\"noopener\">The Washington Post<\/a><\/em> published a story revealing that several shareholders, led by the Strategic Organizing Center (SOC) Investment Group, have penned a joint letter to Activision\u2019s board of directors requesting Kotick to step down. The letter also asks for the resignation of two of the board\u2019s longest-tenured members, Brian Kelly and Robert Morgado.\u00a0Kelly, who joined the company in 1995, serves as chairman of the board. Morgado has been with Activision since 1997 and acts as lead independent director.\u00a0<\/p>\n<p>These shareholders have requested Kotick, Kelly, and Morgado resign by December 31. If they do not, the group vows not to vote for the reelection of current board members during next June\u2019s annual shareholder\u2019s meeting. The SOC tells the <em>Post<\/em> that current Activision leadership has repeatedly failed to foster a safe working environment for all employees and that the company needs \u201ca reset button on the board.\u201d Among their replacements, the group wishes to appoint at least one non-executive Activision Blizzard employee and wants a more diverse board overall.<\/p>\n<p>Several investment groups have signed the letter and, as a whole, account for 4.8 million owned shares of Activision&#8217;s nearly 779\u00a0million total outstanding shares.\u00a0\u00a0SOC Investment Group is a firm that works with union-sponsored pension funds and, in its own words, &#8220;holds corporations and their leadership accountable for irresponsible and unethical corporate behavior and excessive executive pay&#8221;. The\u00a0SOC has <a href=\"https:\/\/static1.squarespace.com\/static\/5d374de8aae9940001c8ed59\/t\/60be95614183f34bffd66973\/1623102817752\/Activision+Vote+No+2021+FINAL.pdf\" target=\"_blank\" rel=\"noopener\">previously opposed Kotick&#8217;s substantial income<\/a>, which is one of the highest among U.S. executives.\u00a0<\/p>\n<p>It\u2019s worth noting that Activision\u2019s board of directors<a href=\"https:\/\/investor.activision.com\/news-releases\/news-release-details\/activision-blizzard-board-directors-issues-statement-regarding\" target=\"_blank\" rel=\"noopener\"> issued a statement yesterday<\/a> in response to the <em>WSJ<\/em>\u2019s report, saying it \u201cremains confident that Bobby Kotick appropriately addressed workplace issues brought to his attention.\u201d Kotick himself sent a <a href=\"https:\/\/www.activisionblizzard.com\/newsroom\/2021\/11\/a-message-from-ceo-bobby-kotick\" target=\"_blank\" rel=\"noopener\">transcribed video message<\/a> to Activision Blizzard employees calling the <em>WSJ<\/em>&#8216;s report &#8220;inaccurate and misleading.&#8221;<\/p>\n<p>[Source: <em><a href=\"https:\/\/www.washingtonpost.com\/video-games\/2021\/11\/17\/bobby-kotick-resignation-shareholders\/\" target=\"_blank\" rel=\"noopener\">The Washington Post<\/a><\/em>]<\/p>\n<\/p>\n<p> <a href=\"https:\/\/www.gameinformer.com\/2021\/11\/18\/activision-blizzard-shareholders-call-on-bobby-kotick-board-members-to-resign-update\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Update: 11\/18\/21 2:00 p.m. Central: We have learned through the reporting of Shannon Liao at The Washington Post that Activision Blizzard employees have begun signing an open petition for CEO Bobby Kotick to resign from his position at the company. At the time of this update, over 500 workers have put their names on the petition, which reads, &#8220;We, the undersigned, no longer have confidence in the leadership of Bobby Kotick as the CEO of Activision Blizzard.&#8221; The group&#8217;s demand is succinct and simple, saying,\u00a0&#8220;We ask that Bobby Kotick remove himself as CEO of Activision Blizzard, and that shareholders be allowed to select the new CEO without the input of Bobby, who we are aware owns a substantial portion of the voting rights of the&hellip;<\/p>\n<p class=\"excerpt-more\"><a class=\"blog-excerpt button\" href=\"https:\/\/arcader.org\/news\/activision-blizzard-shareholders-call-on-bobby-kotick-board-members-to-resign-update\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":416908,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-416907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-game-informer"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Activision Blizzard Shareholders Call On Bobby Kotick, Board Members To Resign [UPDATE] | Arcader News<\/title>\n<meta name=\"description\" content=\"Update: 11\/18\/21 2:00 p.m. Central: We have learned through the reporting of Shannon Liao at The Washington Post that Activision Blizzard employees have\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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