NEW

FBI Raids Rep. Henry Cuellar’s Home, Office; Investigation Has Deep Roots

Last week’s FBI raid of the home and office of Rep. Henry Cuellar (D-TX) most certainly has its roots in the scrutiny of a 2013 junket to Azerbaijan by ten members of Congress....

Unilever CEO Under Fire Over Wokeness, Mismanagement

Unilever CEO Alan Jope, already under fire for standing behind subsidiary Ben & Jerry’s planned boycott of Israel, is now being blasted by one of the parent company’s top...

Bobby Kotick Must Be Removed From Coca-Cola Board in Wake of Microsoft’s Acquisition of Activision

Activision CEO Bobby Kotick has sold his company to Microsoft, providing him with lucrative a way out, but without the stigma of resignation. Kotick has been under fire for over...

LA Times: BLM Founder Says She Had PTSD After Real Estate Revelations

Yesterday, the Los Angeles Times ran a lengthy front-page story about Black Lives Matter founder Patrisse Cullors. If it was meant to be sympathetic, it backfired. The paranoid...

NLPC Demands Alphabet Disclose Censorship Requests from Biden Admin

Are Google and YouTube engaging in “unconstitutional censorship” at the behest of the Biden administration? As a shareholder in Alphabet Inc., parent of Google and YouTube, NLPC...

Senators Want SEC to Probe Unilever Over Ben & Jerry’s Israel Boycott

Three members of the Senate Banking, Housing, and Urban Affairs Committee want the Securities and Exchange Commission to investigate whether Unilever, parent company of Ben &...

PRO-ISRAEL GROUP: Ben & Jerry’s Chairwoman is ‘Anti-Semite of the Year’

Following online voting that lasted weeks to select between three nominees, activist website StopAntisemitism.org announced this week that Ben & Jerry's chairwoman Anuradha...

Illinois Divests from Unilever over Ben & Jerry’s Boycott of Israel

The Illinois Investment Policy Board, which ensures that investment of public money does not occur in entities that are prohibited from investment by Illinois law, voted on...

Soros Funds Radical Activist to Elect Radical DAs

The New York Post's Isabel Vincent reported Thursday that billionaire Hungarian progressive philanthropist George Soros has used a criminal justice reform activist to funnel...

Double Standard at Work: More Leniency for Clinesmith

Ex-FBI lawyer Kevin Clinesmith, who doctored an email to justify spying on a Trump campaign advisor, has been restored to “good standing” by the District of Columbia Bar...

Large Investor Follows NLPC’s Lead; Seeks Kotick’s Removal from Coca-Cola Board

Following NLPC’s lead, a large investment group that manages union pensions has asked the board for The Coca-Cola Company to not renominate Bobby Kotick (pictured above) as a director next year, according to a report in the New York Times.

SOC Investment Group, which claims to oversee more than $250 billion in union retirement dollars, had previously demanded Kotick’s resignation as CEO of Activision Blizzard, which he has led in various permutations since the early 1990s. Kotick is under fire following several media reports that he tolerated pervasive sexual harassment and oversaw a “frat boy culture” at the gaming company he leads.

From the Times‘ story:

SOC is focusing on Coca-Cola because of its public commitments to diversity and inclusion.

 

“We don’t think he’s an adequate person to serve as a director,” Richard Clayton, SOC’s research director, told [the Times].

 

It is the latest effort to hold the beverage company to its stated commitment to social justice; the National Legal and Policy Center also cited the company’s willingness to speak out on social issues when it demanded Mr. Kotick’s resignation from the board last month.

 

Mr. Clayton said that although Coca-Cola wasn’t necessarily a leader in corporate America on pushing for social justice, it wasn’t a laggard either. (To give it another reason not to renominate Mr. Kotick, SOC will also tell Coca-Cola that he should instead focus on fixing Activision’s culture.)

 

If Coca-Cola doesn’t reject Mr. Kotick, SOC will oppose the re-election of several directors. “Should the Coke board renominate Kotick, that would tell us about a lack of commitment” to those social goals, Mr. Clayton said.

SOC’s move comes nine days after NLPC’s letter to Coca-Cola’s board demanding Kotick’s removal and requesting he not be renominated. NLPC notified SOC and other activist investors, who had been pressuring Activision and Kotick, about its letter to Coca-Cola on Nov. 30th, the day it was sent.

Several of SOC’s demands echo those of NLPC, which is also a shareholder in Coca-Cola. Like NLPC stated in its letter over a week ago, SOC notes Kotick’s lack of suitability to serve as a director for Coke; that he needs to focus his attention on the cultural crisis at Activision and therefore cannot commit the time needed to properly address his Coke responsibilities; that several hundred Activision employees have lost faith in his leadership and demand his resignation; and that his ethical shortcomings “contravene” Coca-Cola’s stated goals of promoting diversity in the workplace.

Kotick has been a director for Coca-Cola since 2012.

“We are glad to see SOC Investment Group follow our lead in demanding Bobby Kotick’s removal as a director for The Coca-Cola Company,” said Paul Chesser, director of NLPC’s Corporate Integrity Project. “As we stated in our letter to the board, ‘Sexual harassment in the workplace is unacceptable. There exists no constituency in favor of sexual harassment, except perhaps among corporate executives who cover for each other.’

“Bobby Kotick must go.”

Previous

Next

Tags: Activision Blizzard, Bobby Kotick, Coca-Cola, sexual harassment