The China Mail - Bobby Kotick: Embattled Activision CEO faces uncertain future

USD -
AED 3.672498
AFN 68.146381
ALL 82.605547
AMD 382.141183
ANG 1.790403
AOA 916.999786
ARS 1432.597431
AUD 1.50546
AWG 1.8
AZN 1.741949
BAM 1.666425
BBD 2.013633
BDT 121.671708
BGN 1.666425
BHD 0.376859
BIF 2983.683381
BMD 1
BND 1.28258
BOB 6.908363
BRL 5.346399
BSD 0.999787
BTN 88.189835
BWP 13.318281
BYN 3.386359
BYR 19600
BZD 2.010736
CAD 1.38432
CDF 2834.999755
CHF 0.796581
CLF 0.024246
CLP 951.160908
CNY 7.124697
CNH 7.125045
COP 3891.449751
CRC 503.642483
CUC 1
CUP 26.5
CVE 93.950496
CZK 20.7323
DJF 178.034337
DKK 6.362205
DOP 63.383462
DZD 129.343501
EGP 48.018372
ERN 15
ETB 143.551399
EUR 0.852255
FJD 2.2387
FKP 0.737679
GBP 0.737735
GEL 2.690232
GGP 0.737679
GHS 12.196992
GIP 0.737679
GMD 71.499521
GNF 8671.239296
GTQ 7.664977
GYD 209.16798
HKD 7.780505
HNL 26.193499
HRK 6.420404
HTG 130.822647
HUF 333.005055
IDR 16407.9
ILS 3.335965
IMP 0.737679
INR 88.2775
IQD 1309.76015
IRR 42075.00012
ISK 122.049637
JEP 0.737679
JMD 160.380011
JOD 0.709008
JPY 147.695023
KES 129.169684
KGS 87.450194
KHR 4007.157159
KMF 419.50195
KPW 900.03427
KRW 1393.030196
KWD 0.30537
KYD 0.833213
KZT 540.612619
LAK 21678.524262
LBP 89530.950454
LKR 301.657223
LRD 177.463469
LSL 17.351681
LTL 2.95274
LVL 0.60489
LYD 5.398543
MAD 9.003451
MDL 16.606314
MGA 4430.622417
MKD 52.434712
MMK 2099.833626
MNT 3596.020755
MOP 8.014485
MRU 39.911388
MUR 45.479826
MVR 15.309883
MWK 1733.566225
MXN 18.41288
MYR 4.205005
MZN 63.909576
NAD 17.351681
NGN 1502.303518
NIO 36.791207
NOK 9.885875
NPR 141.103395
NZD 1.680508
OMR 0.383334
PAB 0.999787
PEN 3.484259
PGK 4.237209
PHP 57.17018
PKR 283.854556
PLN 3.624525
PYG 7144.378648
QAR 3.649725
RON 4.316993
RSD 99.80829
RUB 83.31487
RWF 1448.728326
SAR 3.7516
SBD 8.206879
SCR 14.222298
SDG 601.499639
SEK 9.326545
SGD 1.283335
SHP 0.785843
SLE 23.375017
SLL 20969.503664
SOS 571.379883
SRD 39.374981
STD 20697.981008
STN 20.875048
SVC 8.747923
SYP 13001.951397
SZL 17.33481
THB 31.710216
TJS 9.408001
TMT 3.51
TND 2.910408
TOP 2.342097
TRY 41.341497
TTD 6.797597
TWD 30.299897
TZS 2459.506667
UAH 41.217314
UGX 3513.824394
UYU 40.04601
UZS 12444.936736
VES 158.73035
VND 26385
VUV 118.929522
WST 2.747698
XAF 558.903421
XAG 0.023708
XAU 0.000275
XCD 2.70255
XCG 1.8019
XDR 0.695096
XOF 558.903421
XPF 101.614621
YER 239.549812
ZAR 17.37875
ZMK 9001.203937
ZMW 23.720019
ZWL 321.999592
  • RBGPF

    0.0000

    77.27

    0%

  • CMSD

    0.0100

    24.4

    +0.04%

  • BCE

    -0.1400

    24.16

    -0.58%

  • CMSC

    -0.0200

    24.36

    -0.08%

  • RELX

    0.1700

    46.5

    +0.37%

  • GSK

    -0.6500

    40.83

    -1.59%

  • BTI

    -0.7200

    56.59

    -1.27%

  • SCS

    -0.1900

    16.81

    -1.13%

  • BCC

    -3.3300

    85.68

    -3.89%

  • NGG

    0.5300

    71.6

    +0.74%

  • RIO

    -0.1000

    62.44

    -0.16%

  • JRI

    0.1100

    14.23

    +0.77%

  • VOD

    -0.0100

    11.85

    -0.08%

  • AZN

    -1.5400

    79.56

    -1.94%

  • BP

    -0.5800

    33.89

    -1.71%

  • RYCEF

    0.1800

    15.37

    +1.17%

Bobby Kotick: Embattled Activision CEO faces uncertain future
Bobby Kotick: Embattled Activision CEO faces uncertain future

Bobby Kotick: Embattled Activision CEO faces uncertain future

Activision Blizzard CEO Bobby Kotick built a video game empire with flagship titles like "World of Warcraft", but he could lose control of it after a whopping Microsoft buyout deal announced Tuesday.

Text size:

As Activision has been ensnared in allegations that the firm discriminated against women employees, he has weathered calls to step down from some of his workers and critics.

But once the $69 billion deal is finalized by mid-2023, he is expected to depart, the Wall Street Journal reports.

The running scandal -- which has prompted ugly headlines, vows of company reform and an apology from Kotick himself -- follows decades of success in business.

Legend has it that part of Kotick's destiny was laid out by Apple founder and tech legend Steve Jobs one day in 1983.

Jobs advised him to leave the University of Michigan, where he was an art student, to become an entrepreneur, Kotick has said.

It was the start of a life in business for the native of Long Island, a suburb of New York City, who while still in high school made cash by running parties at night clubs for his fellow teenagers.

The young man convinced casino magnate Steve Wynn to write him a check to start developing a cheap graphical interface for Apple, in partnership with a friend, Howard Marks, the project's programmer.

An old-fashioned entrepreneur, Kotick differs from many big names in computing and video games, more interested in business than in the technology.

- Big pay day -

According to Forbes, he even believed in the 1980s that playing video games was a waste of time.

After trying to buy the microcomputer giant Commodore in 1987, he managed to get his hands on Activision, on the verge of bankruptcy, in 1991, for a pittance.

He restructured the company, raised new money and changed its strategy.

The idea was to integrate small studios without absorbing them, in order to give them the necessary latitude to create and develop original content.

This was the logic behind the merger with Vivendi Games, which included Blizzard, and the acquisition of King, creator of the hugely successful "Candy Crush".

This hands-off philosophy -- alongside an old school management style dominated by often white men -- bears some of the elements that have been cited by critics and officials.

In July, California state regulators accused the company of condoning a culture of harassment, a toxic work environment and inequality.

"Male employees proudly come into work hungover, play video games for long periods of time during work while delegating their responsibilities to female employees," the California state suit says.

Kotick issued an apology on behalf of the company, implemented a "zero tolerance" policy, while dozens of employees were sanctioned or fired, including Blizzard president J. Allen Brack.

But these concessions have not managed to calm his critics, and nearly 20 percent of employees have signed a petition demanding his departure, in line with several major investors.

According to the Wall Street Journal, the 58-year-old executive, whose fortune is estimated at several hundred million dollars, had been aware for several years of reports of harassment, but sought not to publicize these incidents rather than take the problem head on.

Assured of remaining as head of the group at least until the acquisition is finalized, he could then leave with a huge check, which American media estimated at around $300 million.

V.Liu--ThChM