Shareholders Call For Activision Blizzard CEO Bobby Kotick To Resign

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Following yesterday’s report that Activision Blizzard CEO Bobby Kotick knew of sexual misconduct at the company, including instances of sexual assault and rape, a group of shareholders have sent a letter calling for his resignation.

First spotted by the Washington Post, the group of shareholders, who hold in total 4.8 million shares, or just 0.6% of the company, sent the strongly worded letter to Activision Blizzard’s board of directors. “In contrast to past company statements,” reads the letter, “CEO Bobby Kotick was aware of many incidents of sexual harassment, sexual assault, and gender discrimination at Activision Blizzard, but failed either to ensure that the executives and managers responsible were terminated or to recognize and address the systematic nature of the company’s hostile workplace culture.”

The group is being led by the Strategic Organizing Center (SOC) Investment Group, whose executive director, Dieter Waizenegger, echoed a similar message. “After the new revelations, it’s clear that the current leadership repeatedly failed to uphold a safe workplace–a basic function of their job,” said Waizenegger in an interview with the Washington Post. “Activision Blizzard needs a new CEO, board chair (Brian Kelly), and lead independent director (Robert Morgado) with the expertise, skill set, and conviction to truly change the company’s culture,” Waizenegger continued.

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Source: Game Spot Mashup