Activision Blizzard CEO Bobby Kotick asks for salary cut in wake of ongoing legal battles
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Earlier in the present day, Activision Blizzard CEO Bobby Kotick sent a letter to all staff updating them on the progress the corporate is making in the direction of bettering office circumstances within the wake of overwhelming proof of sexual harassment, misconduct, and gender discrimination. On this letter, Bobby said that he has requested the board of administrators to scale back his wage.
The assertion relating to his pay lower is as follows: “Accordingly, I’ve requested our Board of Administrators to scale back my complete compensation till the Board has decided that we’ve achieved the transformational gender-related objectives and different commitments described above. Particularly, I’ve requested the Board to scale back my pay to the bottom quantity California regulation will enable for folks incomes a wage, which this yr is $62,500.”
Moreover, he iterated that this pay lower is a “discount in my total compensation, not simply my wage”, and has requested to not obtain any bonuses through the interval of his pay lower. Again in April, Bobby Kotick had his salary cut by 50% following shareholder suggestions to “incorporate market finest practices”.
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