Last week during the most recent Activision Blizzard investor’s call, several shareholders shared concerns over what was being done following the details of a lawsuit from the California Department of Fair Employment and Housing (DFEH) against the company over reported toxic workplace culture. The bulk of the suit focuses on “violations of the state’s civil rights and equal pay laws,” specifically regarding the treatment of women and other marginalized groups. Citing a “frat boy” culture, another shareholder is stepping out with a list of demands for the company to implement positive change.
The shareholder in question is an investment group called SOC, and the company is calling out Activision Blizzard’s response to the recent allegations. In a statement that Axios was given access to, SOC says that even recent promises from current CEO Bobby Kotick do not go “nearly far enough to address the deep and widespread issues with equity, inclusion, and human capital management.”