After revelations of top executives receiving big payouts while facing accusations of harassment led to employee walkouts and lawsuits, Alphabet promises changes that include waiving mandatory arbitration
Alphabet to fund $310 million diversity initiative to settle sexual misconduct lawsuit from shareholders
Google parent Alphabet has agreed to commit $310 million to diversity, equity, and inclusion initiatives as part of a settlement for a series of sexual harassment and misconduct lawsuits filed against some of the company’s officers and directors.
Google parent company Alphabet Inc. quietly signed a landmark settlement of a shareholder lawsuit last month, requiring the Mountain View tech giant to change its corporate governance practices around stock purchase plans, nondisclosure agreements, employee discipline and executive coaching while committing $310 million to fund diversity, equity and inclusion initiatives over the next decade.
Google’s parent company has reached a $310 million settlement in a shareholder lawsuit over its treatment of allegations of executives’ sexual misconduct.
Google parent Alphabet Inc. pledged $310 million to expand diversity efforts and resolve shareholder litigation that alleged the company’s board failed to prevent sexual harassment and hid misconduct by executives.
Alphabet Inc., the parent company of Google, finalized a $310 million settlement on Friday to resolve litigation related to sexual harassment and misconduct.
A shareholder lawsuit brought against Google shows that the company agreed to pay over $120 million in exit packages to two former executives accused of sexual harassment.