The president of Activision has reduced his salary and is changing the rules -apkrig
Activision President Bobby Kotick announced the changes that are taking effect across the company. Although this is not the first such statement, Kotick has backed down from several points, for which Activision has been sharply criticized in recent months and suggests real changes that will have a positive impact on ordinary employees. Bobby Kotick’s initiative and the leadership of all of Activision are based on a previous commitment to make Activision, Blizzard, King and other companies under one roof the safest and most inclusive place in the industry. “My goal and the goal of our board of directors, the entire senior team, the executives in our business units and their teams is to ensure that you have the resources, cultural background and commitment you need to succeed in our joint effort to become a role model for our industry. , ”Says Kotick.
Big win for the employees of Activision Blizzard today as management promises more pay transparency and an end to forced arbitration. I’ve seen cynicism about motives, but mgmt motives don’t matter. What matters is that workers organized and won this fighthttps://t.co/mks1hLlw2J
– Jason Schreier (@jasonschreier) October 28, 2021
In his long message, he presents five important points on which the functioning of the company will change, but the president of Activision does not perceive them as definitive and confirms that he will continue to respond to new tendencies and directions. Nevertheless, the current list is very specific and also includes the topic of Kotick’s salary, as well as an opinion on arbitration with employees in negotiations on any dispute in the workplace. “We are implementing a new company-wide zero-tolerance policy on harassment,” Kotick said at the beginning, heading in a direction that is currently the most pressing, even in light of the ongoing lawsuit. Kotick confirmed that in the past some employees had been fired for their misconduct, with many of them – and probably senior staff – but only disciplinary action had taken place and they could return to work after paying a fine or receiving reproach. It will now be the case that any case of harassment will result in the termination of the employment contract, regardless of the person working in any position.
One of the most important points of Kotick’s report is the final abolition of arbitration proceedings, resp. arbitration with employees in the case of discrimination or harassment.
Another important point is the increase in the number of female and non-female employees by up to 50 percent of the total number of employees compared to the current situation. “Today, approximately 23 percent of our employees identify as women or non-binary people. We will strive to increase the percentage of women and non-binary professionals by about half over the next five years – and hopefully more quickly, ”Kotick’s commitment is. He also says he will want each team on Activision Blizzard to present concrete plans to help meet that ambition, and promises to invest up to $ 250 million to support these initiatives.
One of the most important points of Kotick’s report is the final abolition of arbitration proceedings, resp. arbitration with employees in the case of discrimination or harassment. Precisely because workplace disputes could not be resolved by the court – in the case of such a serious case – there was huge criticism of the head of Activision’s management, but that is now changing. However, this means that employment contracts will have to change, and it is almost certain that only in the coming weeks and months will we be able to indirectly monitor whether this step has actually taken place. However, everything could go hand in hand with the last two points, which concern the commitment to provide transparent information on staff salaries and the progress made in the above areas. Both types of information should now appear in financial reports and be accessible to the general public.
To keep his word, Kotick also decided to announce a temporary reduction in his own salary to the California-recognized minimum of $ 62,500 a year. It will not be affected by any rewards or compensation, but it is not entirely clear how long this situation should last. It was Kotick’s salary that was also washed away by individual groups of investors in the past, and there was pressure to reduce it. Therefore, the fact that before this cannot be left aside noble By doing so, Kotick received a salary for 2020 of $ 155 million. Nevertheless, those critical groups of investors see the reduction in the president’s salary a huge victory and speak of a visible change on which to put further pressure on the salaries of high-ranking people in the sector.
