Activision Blizzard seems to be heading towards inviting more backlashes. Following the events after California’s Department of Fair Employment and Housing filed a lawsuit against the company, slamming the “frat-boy” like workplace environment, fresh information keeps emerging. Support for the victims has steadily been pouring in from all corners. And this time, the company’s shareholders SOC Investment Group, too have spoken up.
A letter dated on August 5, 2021 has emerged where the investment group addressed Activision Blizzard’s lead independent director, Robert J. Morgado. It has been stated that while CEO Bobby Kotick’s response was a major improvement over the initial response, it is still insufficient. It stated that this statement did not acknowledge the depths of the issues concerning “human capital management, equality and inclusion” that runs deep within the organizational hierarchy at the company.
Activision Blizzard Shareholder SOC Investment Group Slams Company Response to Lawsuit
In the letter, SOC Investment Group was very critical of Activision Blizzard’s hiring of the law firm, WilmerHale, infamous for its union-busting reputation. They were firm in stating that the law firm had no previous record of uncovering any wrongdoings in all of their previous cases and the inexperience of Stephanie Avakian in the investigation of workplace harassment did not give out a positive message.
We extend our heartfelt support to the victims at Activision Blizzard. We are committed towards putting their word out there. Catch the latest updates on the lawsuit against the company and other updates.
You can find the complete letter here.