Portal Berita Ekonomi Senin, 16 Desember 2019

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Executive Brief
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Alphabet Board Sued on Allegations of Sexual Misconduct Cover-up

Alphabet Board Sued on Allegations of Sexual Misconduct Cover-up - Warta Ekonomi
WE Online, San Francisco -

Two shareholder lawsuits filed this week accused the board of Google parent Alphabet Inc of playing a direct role in covering up sexual misconduct claims against two former executives over the last five years. The company declined to comment.

Both of the lawsuits seek to force Google to change its governance and oversight to stop future workplace conduct issues. They also call for Alphabet directors to pay damages to Alphabet for allegedly breaching their fiduciary duties and engaging in corporate waste.

The allegations stem primarily from large severance payments to Andy Rubin, who led Google's Android mobile operating division until 2014, and Amit Singhal, head of Google's search unit until 2016. Company investigations into both men had found accusations of sexual harassment against them to be credible, according to the lawsuits.

Rubin and Singhal have denied the allegations. Google Chief Executive Sundar Pichai apologized last year to employees for the companies' past handling of sexual misconduct cases and vowed to improve practices.

One of the two lawsuits in San Mateo County Superior Court in California cites minutes from Alphabet board and board committee meetings where the executives' situations were discussed.

Plaintiff James Martin obtained the documents through a "shareholder inspection demand," according to the lawsuit. Google provided them on the condition they not be published, according to his attorneys, and details from the minutes are redacted across at least eight pages in the 82-page lawsuit filed on Thursday.

Martin's attorney, Frank Bottini, said his team plans to show that Google suffered hundreds of millions of dollars in damages including payouts made to executives accused of sexual misconduct, lost productivity from employees around the world walking off the job briefly in November to protest the payouts and hits to its brand reputation.

The employee demonstrations followed a New York Times report in October that said Google in 2014 gave a $90 million exit package to Rubin.

Ellen Winick Stross, an attorney for Rubin, said on Thursday that Martin's lawsuit, "like much of the recent media coverage, mischaracterizes Andy's departure from Google and sensationalizes claims made about Andy by his ex-wife. Andy left Google voluntarily. Andy denies any misconduct, and we look forward to telling his story in court."

Employee organizers said they welcomed the lawsuits as they continue to push for further changes, including an employee representative on Alphabet's board.

The lawsuit calls for Alphabet to add at least three independent directors to its board and move to a "one share, one vote" stock structure to increase shareholder oversight of management decisions. Alphabet executives currently hold voting control through shares with 10 votes each.

"We'd like to see ... meaningful change in the tone at the company, the policies, the treatment of women, the reporting of sexual harassment and other issues," Bottini said.

The second case, brought on Wednesday by Northern California Pipe Trades Pension Plan and Teamsters Local 272 Labor Management Pension Fund, cites company filings and media reports. They are represented by the law firm Cohen Milstein Sellers & Toll.

Baca Juga

Tag: Alphabet Inc, Google

Penulis: Redaksi WE Online

Editor: Cahyo Prayogo

Foto: Unsplash/Aaron Mello

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Kurs Rupiah

Mata Uang Simbol Nilai Jual Beli
Arab Saudi Riyal SAR 1.00 3,753.17 3,715.63
British Pound GBP 1.00 18,833.85 18,645.06
China Yuan CNY 1.00 2,012.73 1,991.85
Dolar Amerika Serikat USD 1.00 14,074.02 13,933.98
Dolar Australia AUD 1.00 9,684.33 9,586.58
Dolar Hong Kong HKD 1.00 1,806.56 1,788.52
Dolar Singapura SGD 1.00 10,390.56 10,285.66
EURO Spot Rate EUR 1.00 15,667.20 15,509.91
Ringgit Malaysia MYR 1.00 3,401.16 3,364.07
Yen Jepang JPY 100.00 12,867.09 12,735.56

Ringkasan BEI

No Name Today Change Stock
1 Composite Index 6197.318 57.921 668
2 Agriculture 1424.860 10.203 20
3 Mining 1528.809 26.762 50
4 Basic Industry and Chemicals 976.378 16.198 77
5 Miscellanous Industry 1215.025 42.951 50
6 Consumer Goods 2023.673 9.223 56
7 Cons., Property & Real Estate 506.323 -1.997 83
8 Infrastruc., Utility & Trans. 1122.442 14.680 76
9 Finance 1313.749 10.641 90
10 Trade & Service 768.113 0.709 166
No Code Prev Close Change %
1 ZBRA 72 97 25 34.72
2 IFII 300 374 74 24.67
3 TAMU 260 324 64 24.62
4 DWGL 180 218 38 21.11
5 UNIT 153 182 29 18.95
6 TIRA 214 252 38 17.76
7 MEGA 5,750 6,750 1,000 17.39
8 BIRD 2,470 2,890 420 17.00
9 NICK 260 300 40 15.38
10 SINI 1,200 1,350 150 12.50
No Code Prev Close Change %
1 MAMI 79 52 -27 -34.18
2 IBFN 318 246 -72 -22.64
3 YULE 199 154 -45 -22.61
4 AMAG 302 234 -68 -22.52
5 LMSH 398 310 -88 -22.11
6 BIKA 197 160 -37 -18.78
7 BVIC 119 98 -21 -17.65
8 BKSW 172 142 -30 -17.44
9 PEGE 230 190 -40 -17.39
10 HERO 875 725 -150 -17.14
No Code Prev Close Change %
1 MNCN 1,485 1,590 105 7.07
2 IPTV 505 510 5 0.99
3 TLKM 3,950 3,990 40 1.01
4 BNLI 1,310 1,275 -35 -2.67
5 TCPI 6,175 6,200 25 0.40
6 REAL 266 298 32 12.03
7 ADRO 1,475 1,590 115 7.80
8 BBRI 4,250 4,280 30 0.71
9 ASII 6,550 6,850 300 4.58
10 ACES 1,590 1,550 -40 -2.52