Kotick May Leave as Activision Blizzard's CEO; Schreier on Employee Reactions
There have been reports that Bobby Kotick may leave his position as CEO of Activision Blizzard. This is expected to happen after the completion of the company's acquisition by Microsoft.
Yesterday, it was announced that Microsoft is acquiring Activision Blizzard. It was reported at the time that Bobby Kotick would retain his position as the CEO of the latter. However, now we hear reports that this is not quite true and he may lose his position.
This information was reported by the Wall Street Journal. According to the Journal's sources, Bobby Kotick will step down as CEO of Activision Blizzard as soon as the acquisition by Microsoft is completed. However, this is still a relatively distant date. In an announcement published by the Redmond giant, it was announced that all the paperwork will be completed in the next fiscal year, that is, by June 2023.
Similar information was shared by Jason Schreier. According to his knowledge, people at Activision Blizzard are unhappy with the fact that Microsoft provided Bobby Kotick with a bonus and the opportunity to leave the company peacefully. At the same time, they are optimistic about the changes in management and the work culture in the Xbox division.
Kotick's departure from Activision Blizzard would be a major event. After all, he has served as the company's CEO since 1991. However, recent harassment scandals have made employees want him to resign from his position. So it is possible that they will finally see their demand fulfilled.
