Shareholder lawsuits over sexual harassment are putting Google executives on the defensive - The Verge
The Verge - Fri 11 Jan 13:01 GMT

Shareholder lawsuits over sexual harassment are putting Google executives on the defensive - The Verge

And it might mean more concessions to employees

  In October, the New York Times published a story that several other outlets had been chasing, in some cases for years: the story of how Andy Rubin, the founder of Android, had received a $90 million payout upon leaving the company despite having a credible complaint of sexual misconduct against him from another Google employee.

  The story, which included several other examples of male Google executives receiving multimillion-dollar payouts after being accused of sexual harassment, sparked a furor inside the company that led to 20,000 employees walking off the job.

  But the size of the payouts, coupled with the fact that multiple members of the Alphabet board had formerly dated their subordinates, all but guaranteed that the company would face a shareholder lawsuit.

  The suit seeks three new independent directors for the Alphabet board, and an end to the dual-class voting structure of the stock — moves that would greatly diminish the power held by co-founders Larry Page and Sergey Brin.

  The suit seeks three new independent directors for the Alphabet board, and an end to the dual-class voting structure of its stock — moves that would greatly diminish the power held by co-founders Larry Page and Sergey Brin.