{"id":23805,"date":"2021-10-28T12:16:58","date_gmt":"2021-10-28T12:16:58","guid":{"rendered":"https:\/\/www.ginx.tv\/activision-blizzard-ceo-slashes-own-pay-as-he-clings-to-job"},"modified":"2024-07-19T10:59:08","modified_gmt":"2024-07-19T10:59:08","slug":"activision-blizzard-ceo-slashes-own-pay-as-he-clings-to-job","status":"publish","type":"post","link":"https:\/\/www.ginx.tv\/en\/video-games\/activision-blizzard-ceo-slashes-own-pay-as-he-clings-to-job","title":{"rendered":"Activision Blizzard CEO slashes own pay as he clings to job"},"content":{"rendered":"

Activision Blizzard’s CEO Bobby Kotick<\/a> has announced several corrective measures to aggressively tackle the toxic workplace culture that the gaming behemoth has become branded in recent months. In an open letter, Kotick revealed that he would also take a minimum wage pay cut of $62,500 until the company meets its commitments.<\/p>\n

Kotick’s address to all Activision Blizzard<\/a> employees comes just days after a U.S. federal judge denied the publisher’s petition to pause the investigation into the California Department of Fair Employment and Housing’s (DFEH) explosive lawsuit<\/a>. This suit included allegations of sexual harassment, discrimination, and fostering a pervasive “frat boy” work culture. <\/p>\n

Activision Blizzard CEO slashes his salary to $62.5K, waiving all bonuses<\/h2>\n

In an official statement<\/a>, Kotick said that he asked the board of directors to cut his earnings to the minimum permissible salary under California law, which is $62,500 per annum, so that “every available resource is being used in the service of becoming the industry leader in workplace excellence.”<\/p>\n

“To be clear, this is a reduction in my overall compensation, not just my salary. I am asking not to receive any bonuses or be granted any equity during this time,” Kotick said.<\/p>\n

\"bobby
Bobby Kotick. (Picture: Wikimedia Commons)<\/figcaption><\/figure>\n

Kotick also mentioned that Activision Blizzard tripled their investment into anti-harassment and anti-discrimination training and would sharpen its focus on becoming a company others could emulate for workplace excellence.<\/p>\n

He continued to highlight five new changes being implemented at the company.<\/p>\n

1. Activision Blizzard will roll out a new zero-tolerance harassment policy company-wide.<\/strong> <\/p>\n

Kotick’s statement read that “tougher rules and consistent monitoring” were required to ensure reports were handled correctly, with swift and appropriate disciplinary action.<\/p>\n