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Activision Blizzard Chief Reduces Pay, Pledges Changes Amid Probes Into Company Culture

Activision Blizzard Chief Reduces Pay, Pledges Changes Amid Probes Into Company Culture

Bobby Kotick, the longtime chief executive of videogame empire Activision Blizzard Inc., told employees Thursday he will take a pay cut and end mandatory arbitration for internal harassment and discrimination claims amid regulatory probes into the company’s culture.

Mr. Kotick, 58, was the second-highest paid chief executive nationwide, earning $154 million in 2020, according to The Wall Street Journal’s annual ranking of pay and performance for leaders of S&P 500 companies.

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