Over the past few months, publishing giant Activision Blizzard has faced increasing government scrutiny. Following a two-year investigation, the California Department of Fair Employment sued the company over a wide range of allegations including sexual harassment and sexist discrimination in hiring and promoting processes. After a worker petition and walk-out, employees teamed up with the Communications Workers of America to file a labor complaint alleging intimidation and union-busting. Today things got even more serious, as the SEC announced an investigation and subpoenas.
SEC investigates Activision Blizzard
According to a report in the Wall Street Journal, the SEC has launched a “wide-ranging” investigation into Activision Blizzard. The investigation will include a look at how the company handled allegations of sexual misconduct and discrimination in the workplace. The SEC has subpoenaed Activision as a company as well as several senior executives, including CEO Bobby Kotick.
Activision is expected to turn over minutes from board meetings stretching back to 2019. Additionally, The SEC is asking for the personnel files of six former employees and any separation agreements the company has reached with staff members this year. The SEC is also specifically asking for Kotick’s communications with other senior executives regarding complaints of sexual harassment or discrimination at the company.