Activision Blizzard Addresses SEC Investigation and Depatures


Activision Blizzard, which continues to be embroiled in controversy and authorized points, has launched a press launch in the present day on their newest makes an attempt to enhance the corporate’s work tradition. The press launch additionally addresses the information a few current subpoena from the U.S. Securities and Alternate Fee (SEC.)

Despatched out this morning and distributed by Enterprise Wire, the press launch states that Activision Blizzard is working with regulators, such because the EEOC, the NLRB, and the DFEH to create a extra equitable and fewer poisonous office. CEO Bobby Kotick mentioned that “There’s completely no place anyplace in our Firm for discrimination, harassment, or unequal therapy of any variety. Whereas we proceed to work in good religion with regulators to handle and resolve previous office points, we additionally proceed to maneuver forward with our personal initiatives to make sure that we’re the perfect place to work.” A number of the adjustments embody eradicating sure staff, reorganizing HR, and bringing on Julie Hodges from The Walt Disney Firm as Chief Individuals Officer.

Along with the peace of mind that Activision Blizzard is engaged on their tradition, the press launch additionally addresses a bit of stories that simply launched final night. Based on the Wall Road Journal (you will get all the small print on Kotaku if you do not have a WSJ subscription,) the SEC is now getting concerned within the Activision Blizzard case, most notably investigating how the corporate dealt with the allegations of sexual misconduct and office discrimination. As a part of the investigation, the SEC is asking Activision Blizzard handy over paperwork together with minutes from board conferences courting again to 2019, logs of Kotick’s communications with different senior executives relating to the complaints of sexual harassment, and the personell recordsdata of six former staff. Right now’s press launch confirms the subpoena, states that the corporate is cooperating with it, and are “assured in its prior disclosures.” Nonetheless, on condition that Chief Authorized Officer Claire Hart simply left the corporate, it might make the corporate’s dealing with of the investigations and different authorized points a bit extra “attention-grabbing.”

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