"Activision Blizzard CEO Bobby Kotick to Depart Amidst Leadership Changes"

Bobby Kotick, the CEO of Activision Blizzard, will officially step down on December 29, 2023. This comes after the company faced lawsuits and allegations of systemic sexism, discrimination, and harassment. Other executives, including the vice chairman and chief communications officer, will also be leaving. Microsoft's president of gaming content and studios, Matt Booty, will oversee the remaining leadership teams. Kotick is set to make $375 million from Microsoft's acquisition of Activision Blizzard and is expecting a golden parachute of $14.6 million.