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Activision’s Say-on-Pay Delay Slammed as ‘Desperate Attempt’ (2)

June 15, 2021, 2:49 AM

Activision Blizzard Inc.’s surprise decision to prolong its say-on-pay shareholder referendum is a “desperate attempt” to avoid losing the vote, according to a labor-backed investment firm that has been critical of the video-game giant’s compensation.

“With 86% of shares already voted, it is doubtful that a significant number of shareholders wanted more time to consider the company’s executive pay practices,” said Michael Varner, director of executive compensation research at CtW Investment Group. “The Activision board should call an end to this charade.”

Bobby Kotick
Photographer: Patrick T. Fallon/Bloomberg

Activision took the unusual step of delaying the vote on Monday when it released results of ...