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Fortune 500 CEO Ties Total Compensation to Diversity Goals

Nov 2 2021 #equity, #esg, #human-rights, #investors

Liz Dunshee blogged yesterday about a fascinating development at Activision Blizzard. The company has been tangled up with sexual harassment & discrimination claims since this summer, leading to several lawsuits and an employee walkout. As Liz says:

Late last week, Activision CEO Bobby Kotick sent all employees this email that was also posted as news on the company’s website. After detailing steps the company is taking to improve its working environment, Kotick says he’s asked the board to reduce his total compensation to the lowest level permitted by California law ($62,500) – until the board has determined that the company has achieved the gender-related goals and other commitments described in the message.

She points out that the details of the plan haven’t been published yet – however, the limit appears to apply to all of Kotick’s compensation components – not just his annual salary. This may be the start of something quite new.

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The Editor

Lawrence Heim has been practicing in the field of ESG management for almost 40 years. He began his career as a legal assistant in the Environmental Practice of Vinson & Elkins working for a partner who is nationally recognized and an adjunct professor of environmental law at the University of Texas Law School. He moved into technical environmental consulting with ENSR Consulting & Engineering at the height of environmental regulatory development, working across a range of disciplines. He was one… View Profile

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