Activision Blizzard CEO Bobby Kotick is facing one of the most precarious times of his long reign at the video game publisher. As the Board of Directors issues a vote of confidence, other stakeholders re-examine their own.
It's hard to feel confident when you need a vote of confidence...in Virtual Legality.
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CHAPTERS
00:00 Introduction 03:02 The Board's Vote of Confidence 08:15 Walkouts and A Better ABK 14:13 Jen Oneal Speaks on Pay Disparity 22:16 Shareholder Group Calls for Resignation 27:12 Conclusion
Discussed in this episode:
"Everybody vs Activision Blizzard: A Legal View" YouTube Playlist - Hoeg Law https://www.youtube.com/playlist?list=PL1zDCgJzZUy9PBxr5dNcoQLh2erIt2XrZ
"Activision CEO Bobby Kotick Knew for Years About Sexual-Misconduct Allegations at Videogame Giant" Wall Street Journal - November 16, 2021 https://www.wsj.com/articles/activision-videogames-bobby-kotick-sexual-misconduct-allegations-11637075680
"Activision Blizzard Board of Directors Issues Statement Regarding Recent Article" Activision Website - November 16, 2021 https://investor.activision.com/news-releases/news-release-details/activision-blizzard-board-directors-issues-statement-regarding
"Directors’ Fiduciary Duties: Back to Delaware Law Basics" Skadden Website - February 19, 2020 https://www.skadden.com/insights/publications/2020/02/directors-fiduciary-duties
"Bobby Kotick must resign" Polygon - November 16, 2021 https://www.polygon.com/22785788/bobby-kotick-resign-activision-blizzard-controversy-allegations
A Better ABK Tweets (November 16, 2021) https://twitter.com/ABetterABK/status/1460709188070518786 https://twitter.com/ABetterABK/status/1460671347382755329
"Activision Blizzard workers walk out, call for CEO Bobby Kotick’s resignation" Polygon - November 16, 2021 https://www.polygon.com/22786117/activision-blizzard-walk-out-bobby-kotick-resignation-demands
"A MESSAGE FROM CEO BOBBY KOTICK" Activision Website https://www.activisionblizzard.com/newsroom/2021/11/a-message-from-ceo-bobby-kotick
"Former Blizzard Co-Lead Jen Oneal Says She Was Offered Equal Contract Only After Resigning" IGN - November 17, 2021 https://www.ign.com/articles/blizzard-jen-oneal-mike-ybarra-equal-pay-after-resignation
"Group of Activision Blizzard shareholders joins call for CEO Bobby Kotick’s resignation" Washington Post - November 17, 2021 https://www.washingtonpost.com/video-games/2021/11/17/bobby-kotick-resignation-shareholders/
"About SOC Investment Group" SOC Website https://www.socinvestmentgroup.com/
"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).
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DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.
Twitter: @hoeglaw Web: hoeglaw.com