Activision Blizzard Is Now Under Investigation By The SEC

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The Securities and Alternate Comission is now getting in on the motion towards Activision Blizzard. The Wall Street Journal has learned that the SEC has launched a “wide-ranging investigation” into how the developer and writer “dealt with staff’ allegations of sexual misconduct and workplace discrimination.”

The SEC has issuesd subpoenas for a number of high-ranking executives of the corporate, together with CEO Bobby Kotick, and is asking for a number of paperwork, together with minutes from board conferences courting again to 2019. (Let’s hope these have not been “accidentally” shredded.)

The company’s different requests embrace the personnel recordsdata of six former staff and separation agreements, in addition to “Kotick’s communications with different senior executives relating to complaints of sexual harassment or discrimination by Activision staff or contractors.”

Right this moment’s information of the SEC investigation led to Activision Blizzard’s inventory dropping by 4.7%.

Perhaps it is paradoxical, or perhaps I am being overly cynical, however the extra I hear about all this, and all of the lawsuits and investigations, the extra hassle I’ve believing that something really important will come of all of it. It seems like we’re too desirous to cheer “Now they’re actually in hassle!” with out understanding all of the back-room dealing that can in all probability go on over the subsequent few months or years to facilitate as mild a sentence as doable, particularly for the individuals on the high. The previous couple of years of politics have immunized me towards the notion that highly effective individuals will ever be held answerable for their actions, so I hope you may forgive me if I do not get my hopes up too excessive that this investigation will likely be the one. I will be comfortable to be improper; till then, I am going to simply wait till the actual penalties come down.

Jason Winter

Jason Winter, Information Editor
Jason Winter is a veteran gaming journalist, he brings a variety of expertise to MMOBomb, together with two years with Beckett Media the place he served because the editor of the main gaming journal Large On-line Gamer. He has additionally written professionally for a number of gaming web sites.

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