New pressures for Activision Blizzard.
Requests for change in Activision Blizzard they continue, and Treasury officials from six US states are now involved. Treasurers from the states of California, Massachusetts, Illinois, Oregon, Delaware and Nevada collectively asked to meet with Activision Blizzard’s board of directors to discuss the company’s response to recent allegations of sexual harassment, assault and inappropriate behavior.
This move increases public pressure on the company, and especially on its board of directors, which has so far been backed by the controversial CEO. Bobby Kotick. In the United States, state treasuries manage public investments in the stock market, including Activision Blizzard.
Activision Blizzard’s share price has plummeted since this summer when news of the first lawsuit against the company surfaced, plummeting further in the past two weeks. “We think that radical changes are needed in societyIllinois state treasurer Michael Frerichs said, saying the treasurer group was considering a vote against the re-election of current board members.
“We are concerned that the current CEO and board directors do not have the skills, nor the conviction to institute these radical changes needed to transform their culture, to restore trust with employees, shareholders and their partners.State treasurers have invited Activision Blizzard to meet with them before December 20.
In related news, Activision’s protest organizer Blizzard has left the company.
Source: Gamespot
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