Activision CEO Takes 99.9% Pay Cut Until Gender Goals Are Met

Activision Blizzard Inc.Chief Executive Officer Bobby Kotick has asked the video game publisher’s board to cut his total compensation to $62,500, following an investigation into allegations of sexual harassment.

Kotick received $154.6 million last year, mostly in the form of stock awards, in a controversial pay package that faced opposition by a number of investor groups.

The announcement comes after the company failed to convince a California court on Friday to temporarily halt an ongoing sexual harassment and discrimination case. California’s civil rights agency sued the maker of “Call of Duty” in July, accusing it of fostering a “frat ...