The SEC investigates Activision Blizzard, Bobby Kotick

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The Securities and Exchange Commission is investigating Activision Blizzard in connection with the company’s recent scandal over sexual misconduct and discrimination at the company, wall street journal Report.

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why it mattersThe investigation is the latest in a series of high-profile escalations against Activision Blizzard.

  • Chief Executive Bobby Kotick, as well as several other executives, have been summoned; The SEC has asked for communications from Kotick and senior executives about complaints of company harassment.
  • The SEC is seeking the documents “minutes of Activision board meetings since 2019, personnel files of six former employees, and the company the company has reached separation agreements with employees this year,” per WSJ.
  • Activision Blizzard did not respond to a request for comment.

big picture: The results of the Activision Blizzard scandal show no signs of slowing down.

  • Last week, a union supporting Activision Blizzard workers filed a complaint with the National Labor Relations Board.
  • Shareholders have so far criticized the company’s efforts to improve its culture, saying those promises “are not enough to address the deeper and broader issues with equity, inclusion and human capital management” that the company is facing. Is.
  • California expanded its anti-discrimination lawsuit against Activision Blizzard in August to include temporary employees.
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