Activision Blizzard CEO Bobby Kotick Takes a Salary Cut Amidst Ongoing Lawsuits

Activision Blizzard's CEO Bobby Kotick has reportedly taken a huge hit in his salary payouts, amidst the barrage of ongoing lawsuits against the company.

Posted By | On 28th, Oct. 2021

activision blizzard logo

In a recent press release, Activision CEO Bobby Kotick has revealed that he has asked the company’s Board to cut his salary. Bobby Kotick’s salary will supposedly be cut down to the lowest that California’s labour laws allow for.

This seems to be a direct response to the ongoing barrage of lawsuits on the company following reports of sexual misconduct and discrimination. Kotick was one of the most overpaid CEOs while employees within the company had complained about being underpaid, which makes the whole affair rather interesting. 

The press release reads, “I have asked our Board of Directors to reduce my total compensation until the Board has determined that we have achieved the transformational gender-related goals and other commitments described above. Specifically, I have asked the Board to reduce my pay to the lowest amount California law will allow for people earning a salary, which this year is $62,500. 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.” 

The publisher is also putting $250 million into diversity initiatives, so as to attract more women and transgender employees within the company. Kotick says, “We will increase the percentage of women and non-binary people in our workforce by 50% and will invest $250 million to accelerate opportunities for diverse talent.”

Activision Blizzard’s lawsuit is probably one of the biggest and most controversial developments in the industry of recent memory, and the long investigation has led to many key departures – including Blizzard president J. Allen Brack. The publisher has been taking steps to clear its reputation, even recently renaming Overwatch playable hero McCree to Cole Cassidy.


Amazing Articles You Might Want To Check Out!

Share Your Thoughts Below  (Always follow our comments policy!)



Keep On Reading!

Paper Mario: The Thousand-Year Door Trailer Showcases Gorgeous Remade Intro

Paper Mario: The Thousand-Year Door Trailer Showcases Gorgeous Remade Intro

Available worldwide on May 23rd for the Nintendo Switch, the remake sports a revamped intro with new graphics ...

Helldivers 2’s Newest Major Order Wants Players to Eliminate All Automatons

Helldivers 2’s Newest Major Order Wants Players to Eliminate All Automatons

Super Earth continues to be unreasonably aggressive in its mission to spread democracy.

A New Marvel Game Will be Announced Tomorrow

A New Marvel Game Will be Announced Tomorrow

As per leaks, the game, titled Marvel Rivals, is a 6v6 hero shooter developed by NetEase, due out in 2025.

V Rising – Legacy of Castlevania Collaboration Announced, Launches May 8th

V Rising – Legacy of Castlevania Collaboration Announced, Launches May 8th

Players can battle Simon Belmont and wield Vampire Killer in the upcoming update, with paid cosmetic DLC also ...

It Takes Two Crosses 16 Million Units Sold

It Takes Two Crosses 16 Million Units Sold

The co-op platformer has been played by over 30 million players since its release in 2021, developer Hazelight...

Sony Reveals Community Game Help, New Feature Coming to PS5 Later This Year

Sony Reveals Community Game Help, New Feature Coming to PS5 Later This Year

With an update later this year, Game Help will be expanded to also incorporate user-generated content.