into its culture and its handling of harassment allegations from the Securities and Exchange Commission and the California Department of Fair Employment and Housing, which filed the July lawsuit against it in Los Angeles Superior Court. The company has disputed the California agency’s allegations and said it is cooperating with the SEC.with the Equal Employment Opportunity Commission over sexual-harrassment and other misconduct claims at the company. That agreement awaits approval by a judge.
As described in the unreleased summary, company officials led by Frances Townsend, Activision’s chief compliance officer, have also worked to remove employees they have determined to be guilty of bad behavior, according to the people familiar with the situation.The data compiled by Activision show it had so far reviewed more than 90% of the approximately 700 employee reports it had collected, according to the people.
Following the Journal article, nearly a fifth of Activision’s roughly 10,000 employees signed a petition calling for Mr. Kotick to resign. The company also has faced questions from major business partners. This month, toy company Lego A/S said it paused the planned release of a product line based on Activision’s Overwatch franchise and is reviewing its partnership with Activision due to “concerns about the progress being made to address continuing allegations regarding workplace culture.
Ms. Klasky said Activision is “routinely in discussion with our shareholders regarding inquiries they make.” The letter warned that Fidelity International, which owns about 0.6% of Activision, according to FactSet, would divest shares or “enlist the support of other shareholders,” if its concerns weren’t appropriately addressed.A Fidelity International spokeswoman declined to comment. Fidelity International operates separately from the similarly named U.S. investment firm.
What a jolly place to work. Yikes
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