Activision CEO Bobby Kotick is aiming for a major pay cut and linking it to gender targets

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Activision Blizzard Chief Executive Officer Bobby Kotick has asked the company’s board of directors to lower his total compensation to $ 62,500 (approx.

Kotick, who received total compensation of $ 154.6 million (approximately Rs.1156 billion) last year, said in a letter to employees Thursday that he had requested a cut in his compensation until the company’s transformative gender goals Company are achieved.

The video game publisher has also implemented a zero-tolerance harassment policy across the company, along with other changes such as increasing the percentage of women and non-binary people in the company by 50 percent and eliminating arbitration for sexual harassment and discrimination.

“Any Activision Blizzard employee who, through our new investigative procedures and resources, determines that they have opposed anyone for filing a compliance complaint will be fired immediately,” said Kotick.

Earlier this month, Activision announced that it had fired more than 20 employees on allegations of sexual harassment and discrimination in the workplace, with another 20 facing other forms of disciplinary action.

The company will publish its third quarter results on Tuesday after the market closes.

© Thomson Reuters 2021

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