Appeals from state treasurers from six U.S. states-California, Massachusetts, Illinois, Oregon, Delaware, and Nevada Activision Blizzard After the high-profile investigations and lawsuits that have shaken the gaming industry in the past six months, more meaningful changes have been made to the company’s operations.
According to Axios, finance executives from six states have requested a meeting with Activision Blizzard’s board members before December 20 and threatened to take action against the company if the company cannot meet their requirements.
Elected officials from various states made this request in a joint letter sent to the publisher in November. They also threatened that if no meeting was scheduled and the company changed, they would consider voting against the re-election of Activision Blizzard’s board members. of.
“We worry that current CEOs and board directors do not possess these skills, nor do they have faith in the radical changes required to transform the culture and restore trust with employees, shareholders and their partners,” Illino is Treasurer Michael Frerichs explain.
The states invested in the company themselves, so they were under pressure from their treasurers. This letter and its publication are intended to arouse more public scrutiny.
“The one thing the Minister of Finance has brought is also a bit of concern here, and a bit of public pressure,” Frerichs continued. “So it’s not just the number of dollars and the number of stocks we have.”
The treasurer apparently was puzzled by the board members’ support of Activision Blizzard’s CEO Bobby Kotick during the scandal, and hoped that “external investigators” would conduct a “real investigation” of the company’s culture.
Kotick recently discussed resigning as CEO of Activision Blizzard, and the company has pledged to make some changes to its workplace policy based on an ongoing investigation. The owners of Nintendo, PlayStation and Xbox all expressed their disappointment and concern about Activision Blizzard.