Zürcher Nachrichten - Bobby Kotick: Embattled Activision CEO faces uncertain future

EUR -
AED 4.010535
AFN 78.615762
ALL 98.433525
AMD 427.779362
ANG 1.954706
AOA 1000.712892
ARS 1175.146247
AUD 1.781467
AWG 1.966763
AZN 1.846605
BAM 1.934062
BBD 2.20292
BDT 132.557701
BGN 1.947666
BHD 0.41149
BIF 3194.317816
BMD 1.091888
BND 1.469431
BOB 7.539331
BRL 6.423252
BSD 1.091037
BTN 94.711856
BWP 15.477047
BYN 3.570359
BYR 21401.001261
BZD 2.191687
CAD 1.541352
CDF 3135.902155
CHF 0.936791
CLF 0.028204
CLP 1082.323155
CNY 8.01369
CNH 8.042829
COP 4715.874411
CRC 561.192524
CUC 1.091888
CUP 28.935027
CVE 110.280377
CZK 25.08392
DJF 194.050265
DKK 7.468174
DOP 68.138528
DZD 145.242951
EGP 56.406484
ERN 16.378317
ETB 141.891116
FJD 2.528777
FKP 0.855353
GBP 0.856362
GEL 3.008144
GGP 0.855353
GHS 16.916061
GIP 0.855353
GMD 78.768452
GNF 9455.643304
GTQ 8.425826
GYD 228.186487
HKD 8.470009
HNL 28.129772
HRK 7.492519
HTG 143.649386
HUF 407.932459
IDR 18512.105008
ILS 4.098439
IMP 0.855353
INR 94.192971
IQD 1430.868454
IRR 45994.09768
ISK 145.012966
JEP 0.855353
JMD 172.403408
JOD 0.774154
JPY 161.778475
KES 141.411871
KGS 94.803401
KHR 4371.579572
KMF 492.346918
KPW 982.705249
KRW 1616.003895
KWD 0.336343
KYD 0.905434
KZT 566.102432
LAK 23652.990207
LBP 98446.296424
LKR 324.490681
LRD 218.430714
LSL 21.387446
LTL 3.224061
LVL 0.660472
LYD 5.399165
MAD 10.439313
MDL 19.36861
MGA 5113.73174
MKD 61.3994
MMK 2292.427444
MNT 3837.15531
MOP 8.73928
MRU 43.402936
MUR 49.259159
MVR 16.862772
MWK 1894.008677
MXN 22.35684
MYR 4.903804
MZN 69.691759
NAD 21.387446
NGN 1711.698667
NIO 40.201722
NOK 11.855308
NPR 150.779399
NZD 1.939186
OMR 0.420371
PAB 1.091888
PEN 4.075835
PGK 4.494014
PHP 62.723387
PKR 306.49897
PLN 4.274665
PYG 8769.149156
QAR 3.97437
RON 4.980962
RSD 117.264549
RUB 93.822698
RWF 1563.28862
SAR 4.094384
SBD 9.28081
SCR 15.97363
SDG 655.341883
SEK 10.921985
SGD 1.477237
SHP 0.858052
SLE 24.851286
SLL 22896.342812
SOS 623.364729
SRD 39.998076
STD 22599.87335
SVC 9.553674
SYP 14196.649723
SZL 21.387446
THB 38.047696
TJS 11.851385
TMT 3.819486
TND 3.365662
TOP 2.641965
TRY 41.464004
TTD 7.408576
TWD 36.027819
TZS 2923.109466
UAH 45.050087
UGX 4032.617059
USD 1.091888
UYU 46.824329
UZS 14152.196576
VES 79.980699
VND 28389.596966
VUV 137.593732
WST 3.147631
XAF 656.462557
XAG 0.035609
XAU 0.000357
XCD 2.955224
XDR 0.818445
XOF 656.462557
XPF 119.331742
YER 268.30365
ZAR 21.167976
ZMK 9828.299902
ZMW 30.619049
ZWL 351.587432
  • RBGPF

    -7.7300

    60.27

    -12.83%

  • CMSC

    0.3800

    22.59

    +1.68%

  • CMSD

    0.3200

    22.7

    +1.41%

  • NGG

    1.8500

    64.59

    +2.86%

  • RELX

    2.5700

    47.88

    +5.37%

  • BCC

    8.6050

    98.535

    +8.73%

  • BCE

    0.2800

    21.15

    +1.32%

  • RYCEF

    0.8200

    9.2

    +8.91%

  • RIO

    3.0100

    55.33

    +5.44%

  • JRI

    0.4200

    11.89

    +3.53%

  • VOD

    0.3010

    8.491

    +3.54%

  • SCS

    0.8300

    10.57

    +7.85%

  • GSK

    0.0800

    34.21

    +0.23%

  • BTI

    0.5300

    40.08

    +1.32%

  • BP

    1.8800

    27.99

    +6.72%

  • AZN

    0.7400

    65.64

    +1.13%

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.

F.Carpenteri--NZN