“don’t Be evil”, was until a year ago, the corporate mantra of Google. However, the allegations against Google Manager for sexual harassment does not tear. A sophisticated equity structure runs counter to the interests of employees and shareholders.
“We have enough” – in November of 2018, thousands of Google employees laid down in the world of work and went on the road. They protested against sexism, racism and abuse of power by executives.
On the signs of the protesters, the old company motto appeared again and again, the Google in may 2018, after almost 20 years of its code of conduct removed – “Don’t be evil”.
shareholders ‘ actions against the leadership circle
However, the “System Google” only draws the criticism of many employees. Also, investors are up in arms. Several large shareholders have sued the company, including a private investor and two US pension funds.
The two Google co-founders Larry Page(l) and Sergey Brin
The lawsuit is directed against the founders, Larry Page and Sergey Brin, the acting chief Sundar Pichai, a member of the Board John Hennessy and the former CEO Eric Schmidt.
“Golden parachute” of $ 90 million
your accusation: The tightest circle around the founders have disregarded numerous stock market rules on disclosure, company money wasted, and the duty of care to the employees injured. Because Google has released many managers, against the internal investigation because of sexual Assault were, with high severance payments.
Explicitly a top Manager to a subordinate to have oral sex forced is called in the application, for example. He jumped with a “Golden parachute” of $ 90 million.
“Significant financial loss”
To be clear: The shareholders, the lawsuits now against Google’s parent company, Alphabet, act is certainly out of humanistic motives. Rather, the “significant financial harm” in the focus of the group and thus the shareholders of the unjust severance pay have suffered.
But how is that even possible? Finally, a stock exchange listed shares is the Alphabet group, the need to drop each quarter to its shareholders accountability – so this evening after the US market close and by a Board of Directors is controlled.
