Activision Blizzard board denies claims of harassment culture (NASDAQ:ATVI)
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The board at Activision Blizzard (NASDAQ:ATVI) pushed again Thursday from the drumbeat of media stories about accusations of harassment in corporation society.
In a extended letter it provided in an SEC filing, the board explained that it experienced promised to dig into challenges directly, and “What we have occur to realize about the previous several months is that there are numerous truths about our organization – personal and collective, experiential and details-driven – and often they can be complicated to reconcile.”
Media criticism of the board and senior executives as insensitive to office matters, nevertheless is “with no benefit. Activision Blizzard senior executives responded in a timely manner and with integrity and resolve to increase the office.”
“Contrary to quite a few of the allegations, the Board and its exterior advisors have identified that there is no evidence to propose that Activision Blizzard senior executives ever intentionally ignored or tried to downplay the cases of gender harassment that occurred and have been reported,” the letter read.
Whilst it notes “a one instance of anyone sensation diminished at Activision Blizzard is a single much too several,” the board says there isn’t really a systemic trouble with harassment, discrimination or retaliation at the company, and that “dependent on the quantity of reports, the quantity of misconduct reflected is comparatively reduced for a corporation the size of Activision Blizzard.”
Their operate also hasn’t unearthed any evidence suggesting any try by a senior executive or personnel to conceal data from the board, it explained.
Notably, that’s pushback on November experiences that CEO Bobby Kotick knew for many years about sexual-misconduct allegations and that he saved some studies from the board.
