Alphabet said on Friday it was setting up a new board to oversee its diversity efforts
Alphabet Inc has settled a shareholder lawsuit that accused Google’s parent of paying lavish exit packages to executives convicted of sexual misconduct, saying it would increase oversight of its diversity and development efforts. ‘equity.
The company will set aside $ 310 million in funding for diversity initiatives and ban severance packages to employees who are the subject of an ongoing investigation for sexual misconduct or retaliation, he said.
Last year’s lawsuit accused Alphabet’s management of covering up sexual harassment scandals within the company, including awarding lavish exit packages to two top executives convicted of misconduct. The dispute was in mediation.
Alphabet said on Friday it was setting up a new board to oversee its diversity efforts and would make arbitration optional for individual sexual harassment complaints, responding to a long-standing demand from some of its employees.
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