six state treasurers want activision blizzard to address its toxic workplace culture

Brendan McDermid / reuters

Following scrutiny from state and federal regulators, Activision Blizzard and its CEO Bobby Kotick now face pressure from an unexpected source. Per , state treasurers from California, Massachusetts, Illinois, Oregon, Delaware and Nevada recently contacted the company’s board of directors to discuss its “response to the challenges and investment risk exposures that face Activision.” In a letter dated to November 23rd, the group tells the board it would “weigh” a “call to vote against the re-election of incumbent directors.”

That call was made on November 17th by a collection of activist shareholders known as . SOC, which holds about , has demanded Kotick resign and that two of the board’s longest-serving directors, Brian Kelly and Robert Morgado, retire by December 31st.

“We think there needs to be sweeping changes made in the company,” Illinois state treasurer Michael Frerichs told Axios. “We’re concerned that the current CEO and board directors don’t have the skillset, nor the conviction to institute these sweeping changes needed to transform their culture, to restore trust with employees and shareholders and their partners.”

Between the six treasurers, they manage about a trillion dollars in assets. But as Axios points out, it’s unclear how much they have invested in Activision, and it’s not something they disclosed to the outlet. However, Frerichs did confirm Illinois has been impacted by the company’s falling stock price.

To that point, the day before published its bombshell report on Activision and CEO Bobby Kotick, the company’s stock closed at $70.43. The day California’s fair employment agency sued the company its stock was worth $91.88. As of the writing of this article, it’s trading at about $58.44.

The group has asked to meet with Activision’s board by December 20th. We’ve reached out to Activision for comment.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.

TECH NEWS RELATED

Roblox Adopt Me Spring Festival Pet Wear Update – All Weekly Accessories

All Adopt Me players will have the chance to purchase up to 28 new Spring pet accessories throughout March 2021. You won’t want to miss out on a single accessory! Adopt Me Spring Festival Pet Wear Update –  All Weekly Accessories List Throughout the entire month of March we ...

View more: Roblox Adopt Me Spring Festival Pet Wear Update – All Weekly Accessories

Royal Blood set to perform at Roblox Bloxy Awards 2021, KreekKraft and IamSanna announced as special guests

Royal Blood, the English rock duo, are set to perform at the 8th Annual Bloxy Awards, with exclusive band merch available now. But that’s not all—KreekCraft, iamSanna and many more special guests are expected to appear at the virtual awards show this Saturday. The event will be hosted by ...

View more: Royal Blood set to perform at Roblox Bloxy Awards 2021, KreekKraft and IamSanna announced as special guests

Your Roblox Adopt Me Pets will show real emotion in the Playful Pets Update

Pet reactions are coming to Roblox Adopt Me as part of the Playful Pets Update. Meaning, the pets that you have collected will react to the world around them with animated emotion. The update goes live on March 16. The Adopt Me Team showed examples of pet reactions in today’s YouTube premiere. ...

View more: Your Roblox Adopt Me Pets will show real emotion in the Playful Pets Update

Is Roblox Down? Here’s how to check Roblox server status

Every once in a while, Roblox refuses to connect to a game. You’ll join the platform as normal, travel to your favorite game’s launch page, press play and… nothing. Just a disappointing error message. In most cases you just need to reconnect to the game. But what if that doesn’t work? ...

View more: Is Roblox Down? Here’s how to check Roblox server status

When do the Bloxy Awards 2021 Start? | 8th Annual Bloxys Date & Nominees

Image via: Roblox The Bloxy Awards (a.k.a. the Bloxys) is an annual event where the best content creators, map-makers, and designers receive recognition for outstanding contributions to the popular game Roblox. This year, we’re celebrating the 8th Annual Bloxy Awards! When do the Bloxy Awards 2021 Start? Given the popularity ...

View more: When do the Bloxy Awards 2021 Start? | 8th Annual Bloxys Date & Nominees

How to unlock Bloxy Builder’s Helmet, Construction Outfit Shirt, and Construction Outfit Pants in Roblox

Roblox launched some brand new Avatar items to celebrate the 8th Annual Bloxy Awards. The best part? These items are available for free to all players! Although many of these items require specific Bloxy Awards participation, unlocking the Bloxy Construction Outfit is as easy as the press of a ...

View more: How to unlock Bloxy Builder’s Helmet, Construction Outfit Shirt, and Construction Outfit Pants in Roblox

Bloxy Awards 2021 Winners: The Complete List

Piggy won big at the 8th Annual Bloxy Awards. MiniToon, creator of Piggy and Piggy: Intercity took home three prestigious awards in the Game of the Year and Creator of the Year awards. David Baszucki aka Builderman himself handed MiniToon the Builderman Award of Excellence. World // Zero won the award ...

View more: Bloxy Awards 2021 Winners: The Complete List

How to Watch the Bloxy Awards 2021 | 8th Annual Bloxys Info & Nominees

Image via: Roblox The Bloxy Awards are back and appear to be bigger than ever, bringing with them a live lobby and musical guest Royal Blood. In the guide below, we’ve covered exactly what you need to do to watch the biggest Roblox live event of the year! How to Watch ...

View more: How to Watch the Bloxy Awards 2021 | 8th Annual Bloxys Info & Nominees

Roblox Developers Conference (RDC) 2021 once again goes virtual, remains invite-only

How to get the JParty Plushie in Roblox

How to get the Award-Winning Smile in Roblox

How to get the Imagination Core in Roblox

When is Roblox Egg Hunt 2021?

How to get the Metaverse Backpack in Roblox

All Free Items from the Roblox Bloxy Awards 2021

Assemble an epic party of 5 in Anime Legends

Roblox April Fool’s Day 2021: What is Piggy Gurty?

Best Eggs to buy in Roblox Adopt Me

How to get a Peacock in Roblox Adopt Me

How to download Robloxplayer.exe to play Roblox

OTHER TECH NEWS

;