Tuesday, November 23, 2021

Look Everybody, It's a Committee!

Well, this is certainly bold:
The Activision Blizzard (Nasdaq: ATVI) Board of Directors today announced that it has formed a “Workplace Responsibility Committee” (the “Committee”), initially comprised of two independent directors, to oversee the Company’s progress in successfully implementing its new policies, procedures, and commitments to improve workplace culture and eliminate all forms of harassment and discrimination at the Company.

A committee! Well, I guess everything is good now, move along.

I still think this is a very desperate, last attempt to save Bobby Kotick's ass, even though it's clearly not worth saving. Oh, and here's another little snippet that's very funny:
While the Company, with the Board’s support, has been making important progress to improve workplace culture, it is clear that current circumstances demand increased Board engagement. 

Translation: Oh, shit, Bobby was even worse than we thought. Better spin up the PR machine pronto.

I mean, I thought he'd be gone by now, so I could be totally wrong about this, but I'm guessing that Activision actually has other incidents of Bobby's behavior that haven't been made public. If they decide they want him out, those incidents will get leaked and the board will say they "had no choice."

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