The SOC investment group has released a letter urging shareholders of Activision Blizzard to vote against the re-election of current board members, including director Bobby Kotick, at the company. Activision Blizzard has been marred with claims of sexual harassment and unsafe work conditions since last year, which included a walkout by many of its staff in protest.
SOC urges shareholders not to re-elect Activision Blizzard board members amid controversy
SOC Investment Group urges shareholders of #ActivisionBlizzard to vote against six directors who failed to address the company’s sexual harassment crisis. #CorpGov #EndSexualHarassment #ToneDeafAtTheTop
Read our letter here:https://t.co/qiT2zVDPT0 pic.twitter.com/uZivpdOlpA
— SOC Investment Group (@SOCInvGrp) May 27, 2022
As spotted by gamesindustry.biz, the letter urges shareholders to vote against current CEO Bobby Kotick and other board members Brian Kelly, Robert Morgado, Robert Corti, Barry Meyer, and Peter Nolan in the upcoming June 21 Activision Blizzard annual meeting. The letter cites that each of these board members has failed to recognize any of the issues at Activision Blizzard. The letter read:
“We urge you to vote AGAINST the re-election of Directors Robert Kotick, Brian Kelly, Robert Morgado,
Robert Corti, Barry Meyer, and Peter Nolan at Activision Blizzard Inc.’s (“Activision” or “Company”)
annual meeting on June 21, 2022. Each of these directors failed either to recognize that Activision
Blizzard for years maintained unsafe workplaces exhibiting frequent and repeated sexual harassment,
sexual assault, and gender discrimination, or to appropriately address the Company’s “frat house”
culture once it was publicly revealed by the California Department of Fair Employment and Housing
(“DFEH”) in its pending lawsuit, which was filed in July 2021.”
This is not the first letter released by the SOC investment group surrounding Activision in recent months. In April, they asked shareholders to vote against Microsoft’s proposed acquisition of the publisher. The deal was approved later that month.
In other news, ahead of its June 2 release date, preload is now available for Diablo Immortal on PC but not in the Netherlands or Belgium. The scorpion gun and speedrunner skill jumps have returned in the May 25 patch for Halo Infinite. Meanwhile, Microsoft is working on an Xbox keystone cloud gaming HDMI streaming device.
