Google parent faces backlash over rejecting diversity plan
Shareholders at Alphabet quashed an initiative to tie executive pay to inclusion metrics. Critics say the company has failed to address cultural rifts and foster a welcoming environment.
Google still has questions to answer about inclusion and workplace equality.
An employee and investor initiative to promote greater diversity at Google was voted down at the latest shareholder meeting of Google’s parent company, Alphabet. The request would have tied executive compensation to diversity benchmarks.
In a statement read to the board, software engineer Irene Knapp pitched the change. She said, in part:
Diversity and inclusion are key components of business sustainability and success. McKinsey & Company research shows that companies in the top quartiles for gender and racial/ethnic diversity were more likely to have above average financial returns.
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Tags: activism, Alphabet, crisis response, diversity, employees, executive communication, Google, shareholders