Activision’s Say-on-Pay Delay Slammed as ‘Desperate Attempt’
- On Monday, video-game maker prolonged the vote until June 21
- Board should put ‘end to this charade,’ pro-labor group says
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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.”