CEO Bobby Kotick Making Positive Change at Activision Blizzard
Activision Blizzard CEO Bobby Kotick recently sent a letter to all company employees detailing how he plans to improve company culture in the wake of multiple lawsuits.
In the letter, Kotick first thanked employees for their continued hard work in making the company successful during the COVID-19 pandemic and assured them that the company is committed to providing them with all of the necessary tools to continue that work.
He then detailed the steps that the company would take to make sure that they fostered an inclusive culture and diverse workforce. These steps include:
- Starting a zero-tolerance harrassment policy across all divisions of the company: this was not previously the case, as some employees received different consequences for allegations. Every employee will now be under the zero-tolerance policy.
- A commitment to increasing the share of women and non-binary employees by 50%: they hope to reach this goal within 5 years and are committing $250 million to increase diversity in the company.
- Ending mandatory arbitration for discrimination and sexual harrassment claims: any employee making an allegation can waive arbitration.
- Continue transparency regarding pay equity: reports regarding pay equity (in the letter Kotick states women actually make more than men at the company) will come yearly.
- Timely reports regarding progress on these initiatives: this will come in the form of quarterly reports on the improvement made due to these initiatives.
In a final note, he states that he has asked the Activision Blizzard Board of Directors to reduce his pay to the minimum allowed by California law until this progress is achieved.
He closed the letter by thanking employees for bringing these issues to light and assuring them that the company is committed to improvement.
View Source: Businesswire