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The SEC is investigating Activision Blizzard over Sexual Misconduct Allegations. Bobby Kotick has been Subpoenaed
- Thread starter Helix
- Start date
- News Activision/Blizzard
That man has probably insulated himself so well that he doesn't know shit. Good move regardless though and I hope something comes of it
It would make me so happy to see Activision (and Bobby Kotick) actually face some real consequences for this.
Do note that the SEC can't really do anything about bad workplaces, misogyny, discrimination, etc. They are not the part of the gov that has purview over this.
What they CAN do is evaluate if investors were mislead or defrauded about the company because any of the above was not properly disclosed but was known by company execs, and it effects the nature of the investment. It's a bit of a roundabout
What they CAN do is evaluate if investors were mislead or defrauded about the company because any of the above was not properly disclosed but was known by company execs, and it effects the nature of the investment. It's a bit of a roundabout
Thats nice, I'll believe any of this matters when I actually see it come into action. I don't see anything changing other than a few people getting fired and some fines that they can easily stomach.
People talking about Vanguard and Diablo II like nothing happened. WTF?
The SEC are the feds yeah? This is bigger than California now. Damn!
Stop. We're not doing this.
Right, exactly. If Acti ever misled investors about any of this, then that's when the SEC cracks its knuckles
Hell yes. Now maybe we can see some real consequences. The California investigation was not sufficient.
So it can hurt them financially, which I quite enjoy hearing. Investors being mad is never good for them (in case the SEC evaluates it that way).
User Banned (3 days): Derailing, trolling and hostility
I hope this doesn't mean less hype threads for their games though. Resetera has a responsibility to keep the hype going for Acti-Blizz.
This is probably the most 👀 news about activision yet if you're the kind of person that particularly wants Kotick and co. to have some chance of suffering from the company's misdeeds: everything else up to this point is plausibly something that could conceivably be ignored or papered over with investors as long as Call of Duty sells well this year
but if it turns out the people involved committed securities fraud in their attempts to conceal the whole matter then, you're gonna have a bunch of very rich people who will now think they should've gotten way more money than they actually did from the company and will be looking to make someone(s) pay for it.
Like it's definitely not my most preferred way but if this is what opens up pathways to "kotick and co get kicked the fuck out of activision", I'll take it.
but if it turns out the people involved committed securities fraud in their attempts to conceal the whole matter then, you're gonna have a bunch of very rich people who will now think they should've gotten way more money than they actually did from the company and will be looking to make someone(s) pay for it.
Like it's definitely not my most preferred way but if this is what opens up pathways to "kotick and co get kicked the fuck out of activision", I'll take it.
Right, this is something everyone should remember here. It is a stretch, but if the SEC can find some sort of linkage to where the board possibly hid knowledge or deceived investors, which led to a material impact on the stock, ActiBlizz will be staring down another barrel loaded with millions of dollars of fines.
Ooooh hell yeah!!
I know very little about the corporate world, but I do know one thing, you never, ever fuck with the SEC and if they're ever looking into you, you're fucked.
As far as I'm aware though, disclosures about potential lawsuits as required by GAAP should have required Activision Blizzard to at the very least disclose the investigation, so there is a legitimate question as to who in Activision Blizzard was not ensuring that such information was included and why. If there isn't a legitimate reason as to why they refused to disclose it, there are going to be some hefty fines being paid
I know very little about the corporate world, but I do know one thing, you never, ever fuck with the SEC and if they're ever looking into you, you're fucked.
As far as I'm aware though, disclosures about potential lawsuits as required by GAAP should have required Activision Blizzard to at the very least disclose the investigation, so there is a legitimate question as to who in Activision Blizzard was not ensuring that such information was included and why. If there isn't a legitimate reason as to why they refused to disclose it, there are going to be some hefty fines being paid
User threadbanned: thread derailment. This is not the thread to discuss moderation policy.
I really hope Era Mods are going to overthink this "all publishers / devs are equally bad so we won't shut down Blizzard hype threads" stance.
Because Acti/Blizz is obviously way worse.
Because Acti/Blizz is obviously way worse.
OP
OP
