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CEO Bobby Kotick cuts 99% of his salary - Nerd4.life

CEO Bobby Kotick cuts 99% of his salary – Nerd4.life

Bobby Kodik, CEO of Activision, Asked the board of directors Reduce his salary to a minimum Under California law, unless significant changes are made to address the company’s workplace toxicity issues.

We are talking about the most discussed cases of sexual harassment and gender discrimination in recent months, the matter has reached the courts with the cases of DEFH and EEOC and the dismissal of some prominent persons. Activision Blizzard trainer was former director of Diablo 4.

In a letter shared on the Investor Relations page, Kodik claims to have asked for a pay cut $ 62,500. In addition, you will not receive any additional compensation or bonuses until the Board of Directors determines that the Activision PleasureSort for Internal Enterprise Transformation has achieved its goals of ensuring a positive and non-discriminatory workplace. In 2020, Kodik received more than $ 154 million in damages.


Bobby Kodik, CEO of Activision Blizzard

Kodik also shared some of the changes that Activision Blizzard is making in this regard. This includes an introduction New zero tolerance harassment policy, “With strict rules and constant monitoring”. Any employee who turns against another for making a complaint will be fired immediately.

Moreover, the company intends to increase Percentage of female employees Up to 50% of the total, as well as a $ 250 million investment to provide new opportunities for talent within the company over the next five years.

Over the next ten years, Kodik says, the company will invest an additional $ 250 million in “efforts to promote more opportunities in gaming and technology for under-represented communities.”