Activision Blizzard's CEO looks to slash his pay by millions as the company's harassment scandal continues

  • 📰 CNN
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

United States News News

United States United States Latest News,United States United States Headlines

Activision Blizzard CEO Bobby Kotick has asked the company's board to slash his pay to the 'lowest amount California law will allow' until the gaming company fixes its issues with gender discrimination and harassment, he said in a letter to employees

Activision Blizzard CEO Bobby Kotick has asked the company's board to slash his pay to the"lowest amount California law will allow" until the gaming company fixes its issues with gender discrimination and harassment, he said in a letter to employees on Thursday.

If the board approves, Kotick will be paid $62,500, he said — a sharp drop from the $155 million pay package approved by shareholders in June."I am asking not to receive any bonuses or be granted any equity during this time," he added. The announcement was part of a broader set of changes Kotick — who has been Activision CEO since 1991, including the 2008 merger with Blizzard — said the company is making.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Did you know Jeff Bezos salary is only $80k a year? 😂

How are they showing gender discrimination?

His pay or his employee’s pay

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Former Zuckerberg staff members sue companies that run CEO’s family office, alleging harassment, discriminationThe cases claim that the family companies are responsible for sexual harassment and discrimination by company employees. Both suits name Chan and Zuckerberg as defendants, alleging failure to pay wages, among other claims.
Source: NBCNews - 🏆 10. / 86 Read more »