Benzinga | Nov 22, 2021 01:53PM EST

Activision CEO Would Consider Quitting If He Fails To Resolve Workplace Menace: WSJ

Activision Blizzard Inc (NASDAQ:ATVI) CEO Bobby Kotick would consider quitting on failure to resolve the culture problems swiftly, the Wall Street Journal reports.

* Kotick faced flak from employees, shareholders, partners for keeping mum on sexual misconduct offenses at its workplace, including regulatory scrutiny. They sought for CEO resignation.

* Activision's board considered creating a "workplace excellence committee" and "remains confident that Bobby Kotick appropriately addressed workplace issues brought to his attention."

* Related Content: WSJ Says Activision Blizzard CEO Feigned Ignorance About Employee Sexual Misconduct For Several Years

* Analyst Rating: MKM Partners analyst Eric Handler downgraded Activision Blizzard to Sell from Neutral with a price target of $54, down from $75, implying a 13.4% downside.

* Price Action: ATVI shares traded higher by 1.04% at $61.73 in the market session on the last check Monday.