The head of Activision Blizzard will give up billions of his salary until the company’s problems are resolved


Activison Blizzard boss Bobby Kotick has decided to make a big gesture and mourn most of his financial income. Why? Because his company is being prosecuted one problem after another for a lawsuit and the discovery of a widespread systemic mistake in the area of ​​sexual harassment (read a comprehensive summary of the entire beginning of the case here). The negative reactions of the public, the press and, of course, the employees cut really deep into the whole company jetty, and the fact that Blizzard has been waiting for a long time and obviously we won’t see it just does nothing to help, as well as canceled Blizzcon.

Kotick finally reacted to the situation as he should. He gave up all rewards, “until the Bureau decides that we have achieved our goals of transforming the gender situation and fulfilling further promises to our employees.”

Among those goals, you will, of course, find a better working environment for all employees, so that the described cases of sexual discrimination and harassment no longer occur. Likewise, the company wants to increase the number of women and non-binary people by 50% and invest $ 250 million in developing opportunities for people from across the community.

Needless to say, Kotick did not give up a small amount. Originally, this year the shareholders of the company approved salary of $ 155 million per year, ie about 3.4 billion crowns. Later, Kotick gave up half and now declared that until the above problems were resolved, he would receive a minimum wage without bonuses, ie $ 62,500 per year, in terms of approximately 1.4 million crowns.

So it’s a massive drop in the income of the head of one of the largest gaming companies. The ABK Workers Alliance, which oversees Activision, Blizzard and King employees and seeks change within the company, she accepted with enthusiasm and described the move as a major win, although it intends to continue to put pressure on improving working conditions in the company and in game development, including the long-standing problem of overtime.

The Alliance should definitely put pressure on it, because what Kotick did was, in a sense, almost inevitable. It is impossible to solve perhaps the biggest crisis in the company’s history and still raise billions. As CEO, Kotick is not only the highest member of the board of directors, but also responsible for the entire company. If a society is in the middle of a lawsuit and its public image is severely damaged, it would be seriously strange to stick to its entire astronomical income. All the more so as shareholders will definitely not be pleased next year.

In short, top officials must be responsible for the public image of their company and also for what is happening in it. And although their role is to delegate functions and oversee, they need to take that symbolic step at the right time.

And this step, let’s face it, is above all symbolic. Even if Kotick loses more than three billion crowns, he will definitely be financially secured from previous years, when he was paid indeed royally. However, it is still necessary to acknowledge that the CEO did what he did, because this can set the standard for moments when a similar situation occurs in another large corporation.


Source: Games by games.tiscali.cz.

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