Activision-Blizzard pays $35m to send SEC away, Microsoft merger still in doubt
Rather than face proceedings before the US Securities and Exchange Commission, Activision Blizzard has agreed to pay $35 million to settle charges that it both failed to maintain appropriate misconduct reporting controls overthemaker"lacked controls and procedures among its separate business units to collect and analyze employee complaints of workplace misconduct" between 2018 and 2021. The toxic work culture at the company was the source of frequent complaints from staffers.
This being the SEC, the case is less about HR problems and more about whether Activision-Blizzard violated its responsibilities to its shareholders with its separation language and failures to police workplace misconduct. SEC Denver Regional Office Director Jason Burt said the investigation concluded it did.
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