Treasurers from six countries require “substantial change” to be made at the helm of Activision Blizzard

The person with “six state treasurers” on the list of “those who do not believe Bobby Kotick can enact meaningful change to the address” culture at Activision Blizzard“? I mean, with you, I, Phil Spencer, a group of shareholders, and a large number of AB . employees?

Axios is reporting that treasurers from the states of California, Massachusetts, Illinois, Oregon, Delaware and Nevada have called on Activision Blizzard to “make meaningful changes to allegations of harassment, unfair pay, and other problems in the workplace.” work” – and those problems, the treasurer felt, could not be satisfactorily resolved by current leadership.

Speaking on behalf of his colleagues in a letter dated November 23, Illinois state treasurer Michael Frerichs said that “We think sweeping changes are needed within the company” and they are “worried” Concerned that current CEOs and board directors do not have the skill sets and confidence to make the sweeping changes needed to transform their cultures, to restore trust with employees, east and their partners.”

Massachusetts state treasure, Deborah Goldberg told Axios she’d rather see “a real investigation, an outside investigator,” rather than Kotick’s alleged measures including a internal committee.

The treasurers are requesting a meeting with Activision by December 20. They say they will “consider” a “call to vote against the re-election of incumbent directors.”

And what power do half a dozen state treasurers have to enact such changes with a private company? As Axios noted, Frerichs confirmed that Illinois “has investments in Activision Blizzard and is therefore affected by the company’s plunging share price.” It is likely that five other states, and possibly others, also have some stake in the company’s operations – possibly even enough to influence the change at its peak.