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Follow the analysis from government and Federal regulators, Activision Blizzard and its CEO Bobby Kotick now they face pressure from unexpected sources. Per , State Treasurers in California, Massachusetts, Illinois, Oregon, Delaware and Nevada recently contacted management of the company to discuss “its responses to the crisis and exposure to the financial risks facing Activision.” In a letter dated November 23, the party told the council it would “try to” “call for a vote against the re-election of retired officers.”
The call was made on November 17 by a group of shareholders known as . SOC, which operates approx , demanded that Kotick resign and that two long-serving supervisors, Brian Kelly and Robert Morgado, resign on December 31.
“We think there is a need for radical change in the company,” Illinois Treasurer Michael Frerichs said. Axios. “We are concerned that the current CEOs and board managers are incompetent, and determined to bring about major changes needed to change their culture, in order to restore confidence to employees and shareholders and their peers.”
Among the six investors, they manage $ trillion. But if Axios shows, it is not known how much he invested in Activision, and it is not something he disclosed at the auction. However, Frerichs confirmed that Illinois has been affected by the decline in corporate prices.
Until then, yesterday published its explosive report on Activision by CEO Bobby Kotick, the company’s stock closed at $ 70.43. The day the California employment agency sued the company that its assets were valued at $ 91.88. At the time of writing, it is selling for about $ 58.44.
The group has requested to meet with the Activision board by December 20. We have arrived at Activision to comment.
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