Yes, you read that right. CNBC recently uncovered that Activision Blizzard CEO Bobby Kotick established not one but two secret companies through which he donated hundreds of thousands of dollars to political campaigns.
The two companies, 807080A LLC and Norgate LLC, were both found detailed in FEC filings, the former listed under the same California address as Kotick’s 803011 Foundation and the latter tied to a location that’s just one minute away on foot. According to Campaign Legal Centre, a government watchdog group, Norgate LLC also shares a personal mailbox with Kotick and his foundation.
“[807080A LLC] has been around since 2008 and manages some of Mr. Kotick’s investments,” Kotick rep Mark Herr told CNBC via email earlier this week. “Mr. Kotick contributes to Democratic and Republican candidates and is supporting David McCormick because he is a very close friend.”
When asked about Norgate LLC, however, Herr provided no further details.
CNBC’s reporting says Kotick used these two companies to donate upwards of $US600,000 ($832,920) to political action committees supporting Republican candidates such as Kentucky senator Mitch McConnell — who, it cannot be overstated, is one of the cruelest politicians in the United States — and Dave McCormick, a former business exec currently running for Senate in Pennsylvania’s GOP primary. These contributions are much larger than those Kotick made to both Republicans and centrist Democrats under his own name.
Despite a long and illustrious career of scummy behaviour, Kotick’s public standing only recently started to plummet due to reports of Activision Blizzard’s widespread culture of sexual harassment and generally shitty behaviour towards female employees. Reports indicate Kotick himself was also responsible for fostering this environment. That he was giving more money to absolute chuds like McConnell than previously assumed doesn’t come as much of a surprise.
The fun part of this story is that this is just something rich people do. Like, all the time. They set up these shady organisations that exist only on paper to cover their tracks when, say, helping prop up evil politicians or fudging tax returns. And it’s not only allowed but encouraged by our current economic system. As always, it’s a big club and you ain’t in it.
Kotick is expected to step down from his position at Activision Blizzard following its impending $US68.7 ($95) billion acquisition by Microsoft. Both the Microsoft deal and his resignation stand to add hundreds of millions more dollars to his already inconceivable, ill-begotten wealth.