Activision Blizzard board has recently decided to reelect Bobby Kotick as CEO during a shareholder meeting.
The official filing for the annual meeting of stockholders revealed that one of the proposals voted on was which directors would be elected to serve another term and that included Bobby Kotick in the role of CEO. Kotick still received over 533,000,000 votes in favor of reelection with less than 63,000,000 voting against him despite the controversies centered around him.
With this vote, Kotick now serve one more year as Activision Blizzard’s CEO unless he would resign himself or be removed. The latter can happen once the Microsoft buyout will be completed and Microsoft Gaming CEO Phil Spencer would take control.
Aside from the reelection of Kotick, the Activision Blizzard board revealed that they will also hold a vote on creating a report on their investigations of harassment in their company. They are not under the obligation to actually produce a report, even if the shareholders will vote for it.
This is a major setback for those who wanted to see Kotick held accountable for his actions and for what has happened under his supervision.