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.
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.