US government investigates CEO Bobby Kotick over Activision Blizzard allegations
As the US federal government’s investigation into misconduct allegations against Activision Blizzard builds, employees like Bobby Kotick have reportedly been subpoenaed by the SEC.Activision Blizzard’s allegations have ranged fromsexual misconducttounion busting, with the Securities and Exchange Commission involved in the process and taking steps to investigate the popular company.Now, asreportedby the Wall Street Journal’s Kirsten Grind and Sarah E. Needleman, sources claim the SEC are subpoenaing CEO Bobby Kotick, among other senior Activision Blizzard executives.A series of allegations were spurred by accusations of a “pervasive frat boy culture” in the Californian government’s lawsuit against the gaming company. On September 20, this latest development illustrates the SEC’s growing involvement.
SEC investigating Activision-Blizzard & CEO Bobby Kotick
https://twitter.com/jasonschreier/status/1440032380564099075?s=19As shared by Bloomberg reporter Jason Schreier, the SEC has joined the investigation and has subpoenaed Kotick and others. In doing so, the federal government is specifically requesting information and cooperation from the company’s highest-level representatives to court over the aforementioned misconduct allegations.
https://twitter.com/charlieINTEL/status/1440033384692994051Additionally, Blizzard president J. Allen Brack’sresignationwas not enough to satisfy concerns over the company’s culture, as more cases emerged.
With the federal labor complaint lodged by employees over “union busting” and a lawsuit over “false and misleading” behaviorby shareholders, the company is under the microscope. Now, with the WSJ’s latest report, it appears that the SEC is holding said microscope toward Kotick and Activision Blizzard’s top brass.
