Blizzard’s year goes from bad to worst. The U.S. Securities and Exchange Commission has launched an investigation into Activision Blizzard for abuse, sexual harassment, gender discrimination, and toxic behavior. High-ranking execs, including CEO Bobby Kotick, have been subpoenaed.
The investigation follows California’s lawsuit filed in July for similar behavior. Some prominent management were removed, like Blizzard president J. Allen Brack. But many employees have complained the company has not done enough and is actively stopping unionization efforts.
Now that the SEC is getting involved, the pressure is ramping up. SEC will be working on behave of the investors. They are looking into Activision Blizzard’s transparency with stockholders. The company stocks took a hit following the July lawsuit. Investors loss money without knowing the company was putting them at risk.
As this suit progresses, we will keep you up to date on Geek Freaks News and here at GeekFreaksPodcast.com.
Sources: Washington Post