"We're hard-pressed to think of another example of a company delaying a vote by a week because they knew they were losing. "This was a pretty extraordinary step," Clayton says. It's the kind of poor governance move that signals it not taking shareholder accountability seriously" When its Say-on-Pay proposal went to a vote in June of this year, things seemingly didn't look too good for the company so much so that it actually delayed the vote by one week. As with EA, SOC says that there are too many bonuses being doled out at Activision Blizzard that overlap and serve to transfer a lot of wealth upwards to Kotick. In 2020, 43.2% of shareholders voted against the company's Say on Pay proposal, the largest opposition that it had ever received at the time.įor 2021, the publishing giant made what were nominally concessions when it came to Kotick's pay the CEO's base salary was cut in half, but subsequent awards meant that this reduction was more or less negated. The organisation has also called Activision Blizzard out for how it has "unnecessarily enriched" its CEO, Robert Kotick.
SOC might have had some wins when it came to EA executive pay, but that hasn't been the only subject of the investment firm's ire within the games industry.
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"And that it's taking into account a full range of different elements of company performance, including issues like their ability to retain employees in terms of other indicators that might tell us whether the company is going to be successful in developing new products in the long run." "We want to ensure that that plan is not unrealistically tied to the performance of the company," Clayton explains. This also extends to the metrics by which exec performance is judged. In other words, SOC wants EA to have a more concrete schedule of bonuses and awards for its management team, rather than what it sees as a more chaotic plan it has right now. "We want them to get away from this somewhat haphazard pattern and stick to whatever plan that they're going to establish." "The major concerns are that EA is paying too much and that part of how they've gone about paying too much involves bonuses and other incentive payments that are special in character and not part of the regular order of issuing bonuses," SOC's research director Rich Clayton tells. That might be marginally greater support than 12 months prior, but the organisation's criticisms of how EA's execs are compensated remain the same too many potential overlapping awards for execs. In 2021, SOC put out a similar letter to shareholders, resulting in just 42% supporting the proposal. After calling upon shareholders to not back EA's Say On Pay proposal - an advisory vote that sees whether investors support how execs at a company will be paid - in 2020, 68% voted against the plan. This is a campaign in which the organisation has seen some degree of success to date. Strategic Organizing Center (SOC) Investment Group - previously Change to Win (CtW) Investment Group - has been bringing attention to both Activision Blizzard and Electronic Arts over what they perceive as grossly overpaying their management. Gay video game enthusiasts have embraced “Bully” which was was the U.S.’s third top-selling game in the week ending October 27, according to figures from UBS.In recent years, one organisation has been calling out some of the biggest companies in video games when it comes to executive pay. When Jimmy approaches a tall, blond boy with some flowers, the boy replies: “I’m hot. “Bully” stars 15-year-old Jimmy Hopkins, who must navigate cliques, fights and young love at his new boarding school, along the way winning brawls, completing missions and plying girls with candy and flowers in exchange for kisses.īut Jimmy can also use the same approach with boys. released the “Teen”-rated game on October 17, having weathered protests from anti-violence advocates who tried unsuccessfully to block its sale to minors.
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That sexual twist came to light only after Take-Two Interactive Software Inc. The game stars 15-year-old Jimmy Hopkins, who must navigate cliques, fights and young love at his new boarding school, along the way winning brawls, completing missions and plying girls with candy and flowers in exchange for kisses. A screenshot from the video game " Bully" courtesy of Rockstar Games.
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