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        <title><![CDATA[Ubisoft shares sink after executives leave amid misconduct probes]]></title>
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            <media:title type="html">Ubisoft shares sink after executives leave amid misconduct probes</media:title>
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        <content:encoded><![CDATA[<p>Shares of French video-game giant Ubisoft tumbled Monday after three executives stepped down amid investigations of harassment and abuse.</p><p>The maker of the &#8220;Assassin&#8217;s Creed&#8221; series saw its Paris-listed shares drop as much as 10 percent to 69.70 euros ($79.10) after it announced the departures Sunday of<span > Chief Creative Officer Serge Hascoët and Yannis Mallat, the managing director of Ubisoft&#8217;s Canadian studios.</span></p><p><span >Ubisoft is also looking to replace Global Head of HR Cécile Cornet, who has stepped down from her job but is still employed by the company, <strong>according to The Wall Street Journal</strong>.</span></p><p>The company offered few details about what the executives may have done wrong. But a <strong>recent article</strong> in France&#8217;s Libération newspaper said Hascoët was known for misogyny, homophobia and <a href="https://twitter.com/icotom/status/1281723063978143746" target="_blank" rel="noopener noreferrer">&#8220;libidinous behavior,&#8221;</a> while Ubisoft said allegations against multiple employees in Canada made it &#8220;impossible&#8221; for Mallat to stay in his job.</p><p>The shakeup was part of a broader effort Ubisoft <strong>announced</strong> earlier this month to improve its workplace culture amid a reckoning over sexual harassment and other misconduct in the video game industry. That effort included a series of outside investigations into allegations against Ubisoft employees.</p><p>Ubisoft co-founder and CEO Yves Guillemot will oversee an overhaul of how the company&#8217;s creative teams collaborate while he fills in as Hascoët&#8217;s replacement, the company said, adding that it is also &#8220;restructuring and strengthening&#8221; its human resources office.</p><p>&#8220;Ubisoft has fallen short in its obligation to guarantee a safe and inclusive workplace environment for its employees,&#8221; Guillemot said in a statement. &#8220;This is unacceptable, as toxic behaviors are in direct contrast to values on which I have never compromised — and never will.&#8221;</p><p>Ubisoft started the probes amid a reckoning over sexual harassment, discrimination, abuse and other misconduct in the gaming industry. A Google spreadsheet created last month has compiled hundreds of allegations against gamers, developers, talent agents and other industry figures.</p><p>Ubisoft put two other executives, Tommy François and Maxime Béland, on leave last month as the outpouring of allegations continued, <strong>according to Bloomberg News</strong>. Béland has reportedly resigned.</p>]]></content:encoded>
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