Kotick’s employment status is not yet clear

Microsoft has reportedly “not yet discussed” Bobby Kotick’s employment status after the acquisition. Earlier reports said the controversial CEO’s resignation was expected.

What’s next for Bobby Kotick if Microsoft is allowed to take over Activision Blizzard? The controversial CEO’s future employment is reportedly yet to be discussed between the parties. A new report to investors alleges that Kotick and Microsoft did not discuss plans before announcing the acquisition and have not yet done so.

Kotick controversial among employees and shareholders

“There were no post-closing discussions or negotiations between Microsoft and Mr. Kotick prior to the approval and completion of the merger agreement and the transactions contemplated herein. Even after approval and completion, no discussions or negotiations have taken place to date,” the latest report states.

As recently as January, the Wall Street Journal wanted to know that Kotick will leave Activision Blizzard, once recovery is complete. Until then, he would continue to serve as chief executive throughout the merger. If the deal goes as planned, Activision Blizzard could become part of Microsoft in fiscal year 2023 (April 2022 to March 2023). For now, however, SOC Investment Group is appealing to shareholders recovery resistance on.

Regardless of the job, Kotick can expect a huge amount of money. As of August 2021, the current CEO still owned approximately 3.9 million shares of Activision, priced at $95 as part of the deal with Microsoft. Additionally, a report to the U.S. Securities and Exchange Commission revealed that Bobby Kotick is the only Activision Blizzard executive with change of control protection. The protection would net him hundreds of millions of dollars if replaced during the takeover. If Kotick was fired after the deal was done, he would still receive a healthy $15 million in severance pay.

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Just last November employees and shareholders called for Kotick’s withdrawal. He was charged with abuse of power and sexual harassment. In addition, he would have known of the cases of harassment and discrimination at Activision Blizzard.

Source: VGC, Gamepur

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