Current Events > BREAKING: Activision hit with federal investigation, Bobby Kotick subpoenaed

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CRON
09/20/21 4:28:45 PM
#1:


https://www.polygon.com/22684660/activision-blizzard-lawsuit-sec-investigation-bobby-kotick

Activision Blizzard now faces a federal investigation, The Wall Street Journal reported Monday, into how the company has handled employee allegations of workplace discrimination, sexual harassment, and sexual misconduct. The companys workplace environment has faced public scrutiny since California authorities filed suit to prosecute similar claims back in July.
The U.S. Securities and Exchange Commission has subpoenaed Activision chief executive Bobby Kotick, as well as several other senior executives, the Journal reported. The newspaper quoted sources familiar with the investigation and said it had viewed documents related to the case.

An Activision spokesperson acknowledged the SECs investigation, and told the Journal that regulators were examining the companys disclosures regarding employment matters and related issues. The Activision representative said the company is cooperating with the SEC.

On July 20, the California Department of Fair Employment and Housing brought a civil suit against Activision Blizzard, alleging the company tolerated gender-based discrimination, sexual harassment, and a frat boy workplace culture, primarily at its Blizzard Entertainment division based in Irvine, California. Blizzard is best known for its Overwatch, Diablo, and World of Warcraft franchises. Parent company Activision also publishes Call of Duty.

California DFEHs suit followed a two-year investigation, and the complaint named several top executives in alleging Activision Blizzard knew of and enabled the workplace misconduct. One of them, Blizzard Entertainment president J. Allen Brack, stepped down from his position two weeks later.

The same day Brack quit, an Activision Blizzard shareholder filed a lawsuit against the company, alleging that negligent oversight and false statements to investors, regarding employee complaints, caused the companys share price to lose substantial value.
Similarly, the Securities and Exchange Commissions probe is examining both how Activision Blizzard handled harassment and discrimination issues, and whether any of that information should have been shared earlier with investors and other parties, The Wall Street Journal reported.

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Tyranthraxus
09/20/21 4:29:13 PM
#2:


Buy puts on ATVI

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nothanks1
09/20/21 4:29:57 PM
#3:


I think I'll start guild wars 2
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AldousIsDead
09/20/21 4:30:42 PM
#4:


You hate to see it.

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teep_
09/20/21 4:30:47 PM
#5:


Gamers. They targeted GAMERS.
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voldothegr8
09/20/21 4:32:03 PM
#6:


Throw the fucking book at 'em
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sabrestorm
09/20/21 4:33:02 PM
#7:


I dont work there so it doesnt affect me, I just want good games

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Xethuminra
09/20/21 4:33:36 PM
#8:


These days, major entertainment companies are just getting bought up as opposed to liquidating their properties.

so

might be a good time to snag Activision stock if theres a plummet
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Kloe_Rinz
09/20/21 4:33:52 PM
#9:


How many women will he have to replace with fruit to get himself out of this
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voldothegr8
09/20/21 4:34:34 PM
#10:


Xethuminra posted...
These days, major entertainment companies are just getting bought up as opposed to liquidating their properties.

so

might be a good time to snag Activision stock if theres a plummet

Their stock plummeted months ago
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Jagr_68
09/20/21 4:34:38 PM
#11:


EHHH BOOOOBEH!

Guess what? Youah fucked!

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Tyranthraxus
09/20/21 4:35:02 PM
#12:


voldothegr8 posted...
Their stock plummeted months ago
It's in total free fall

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assassingriskel
09/20/21 4:35:07 PM
#13:


Gamers rise up
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Questionmarktarius
09/20/21 4:36:44 PM
#14:


Xethuminra posted...
These days, major entertainment companies are just getting bought up as opposed to liquidating their properties.

so

might be a good time to snag Activision stock if theres a plummet
Microsoft may or may not be about to close a deal right now.
https://www.aroged.com/2021/09/16/microsoft-another-important-acquisition-in-sight-due-to-a-rumor/
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ModLogic
09/20/21 4:38:36 PM
#15:


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Tyranthraxus
09/20/21 4:38:41 PM
#16:


Questionmarktarius posted...
Microsoft may or may not be about to close a deal right now.
https://www.aroged.com/2021/09/16/microsoft-another-important-acquisition-in-sight-due-to-a-rumor/
There's no way Microsoft is buying this hot mess until it cools down

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Questionmarktarius
09/20/21 4:41:29 PM
#17:


Tyranthraxus posted...
There's no way Microsoft is buying this hot mess until it cools down
If anything, it'll be easier now that Activision is heading towards a fire-sale.

It'll be hilarious as hell if Nintendo ends up picking up the pieces after a handful of C-levels and/or patsies go to jail.
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Jagr_68
09/20/21 4:43:35 PM
#18:


Tyranthraxus posted...
There's no way Microsoft is buying this hot mess until it cools down

M$ could buy the company and do a complete teardown on management though. It's very feasible.

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CelestialVoices
09/20/21 4:43:47 PM
#19:


get rekt
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Tyranthraxus
09/20/21 4:47:53 PM
#20:


Jagr_68 posted...
M$ could buy the company and do a complete teardown on management though. It's very feasible.
If they buy the company they will get caught up in legal liability. They obviously aren't going to be liable for everything but they'll still be liable for shit that happens after they purchase.

Additionally buying them now is a money losing proposition. Every day the company loses millions in float value. There's no reason to buy them now when they can get it for half price in November.

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garan
09/20/21 4:48:46 PM
#21:


Jagr_68 posted...
M$ could buy the company and do a complete teardown on management though. It's very feasible.


True. It would be funny to see the Sony fans reaction if they did.
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DarkRoast
09/20/21 4:49:01 PM
#22:


People like Kotick always get off easy. There's enough people he can throw under the bus and then claim plausible deniability. Then he'll parachute out with hundreds of millions in severance.

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Tyranthraxus
09/20/21 4:50:00 PM
#23:


garan posted...
True. It would be funny to see the Sony fans reaction if they did.
They'll just say "shooterbox" over and over again like some mantra.

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Trumpo
09/20/21 4:50:05 PM
#24:


Meh he will get a slap on the wrist because there's no true consequences for the rich.
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Tyranthraxus
09/20/21 4:51:29 PM
#25:


DarkRoast posted...
People like Kotick always get off easy. There's enough people he can throw under the bus and then claim plausible deniability. Then he'll parachute out with hundreds of millions in severance.

From sexual harassment yeah he's not gonna face any problems. The SEC ain't gonna let him get off that easy. I don't know the details of the SEC investigation but it rarely turns out good for C levels.

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Questionmarktarius
09/20/21 4:51:47 PM
#26:


Somewhere, David Crane is quietly giggling.
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#27
Post #27 was unavailable or deleted.
Kloe_Rinz
09/20/21 5:12:37 PM
#28:


ClunkerSlim posted...

Remember when Activision were the good guys? Has any other company started so good and turned so evil?
Konami and Capcom
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Questionmarktarius
09/20/21 5:12:39 PM
#29:


ClunkerSlim posted...
Has any other company started so good and turned so evil?
uh... google?
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voldothegr8
09/20/21 5:16:05 PM
#30:


Kloe_Rinz posted...

Konami and Capcom

Capcom started going the way of darkness but really turned it around imo.

Anyway EA
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DarkBuster22904
09/20/21 5:18:29 PM
#31:


I'd love to see Kotick resign or get ousted. But even if he did, he'd just golden parachute away.


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DarkRoast
09/20/21 5:19:57 PM
#32:


People like Kotick make more money getting fired than the rest of us make in our entire lives

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GATTJT
09/20/21 5:20:32 PM
#33:


Can't wait for the Netflix documentary

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Unclover028
09/20/21 5:23:11 PM
#34:


Just throw him in prison
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Wedge Antilles
09/21/21 12:53:29 PM
#35:


https://twitter.com/gibiz/status/1440282661285625872?s=21

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Ruvan22
09/21/21 1:06:30 PM
#36:


Wedge Antilles posted...
https://twitter.com/gibiz/status/1440282661285625872?s=21

The hits keep coming...
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Wedge Antilles
09/21/21 4:40:48 PM
#37:


https://mobile.twitter.com/jasonschreier/status/1440397042749100041?s=20

And another one

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Ruvan22
09/21/21 6:00:43 PM
#38:


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LightningAce11
09/21/21 6:04:16 PM
#39:


Kotick needs his bonus and stock taken away. What work has he done to earn several hundreds of million?

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Alteres
09/21/21 6:28:23 PM
#40:


I cant remember a good early ea game, help.

Ive hated them since the bond days, not to mention c&c.

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Questionmarktarius
09/21/21 6:36:48 PM
#41:


Alteres posted...
I cant remember a good early ea game, help.
Populous
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ForsakenHermit
09/21/21 6:38:38 PM
#42:


Holy shitballs!

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voldothegr8
09/21/21 6:42:14 PM
#43:


Alteres posted...
I cant remember a good early ea game, help.

Marble Madness
Skate or Die
Sim City
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TheRadiant
09/21/21 6:42:44 PM
#44:


We're not gonna get Wrath classic are we :(

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Ruvan22
09/21/21 9:38:37 PM
#45:


Alteres posted...
I cant remember a good early ea game, help.

Ive hated them since the bond days, not to mention c&c.
Please..you just triggered my PTSD of C&C 4
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Tyranthraxus
09/21/21 9:41:26 PM
#46:


voldothegr8 posted...
Marble Madness
Skate or Die
Sim City
Early Sim City was Maxis. EA bought them later.

SimCity 3000 would be the first one under EA as a first party.


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kirbymuncher
09/21/21 9:48:25 PM
#47:


tbh I can't imagine activision totally falling apart even from this, it's just too big

that said I am immensely curious as to the effect on the gaming industry if they do

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