Pinterest settles discrimination and pledging $50M
Pinterest settles discrimination lawsuits by releasing former employees from NDAs and pledging $50 million to revise its corporate culture and promote diversity — Pinterest has pledged $50 million to revise its corporate culture and promote diversity as part of an agreement to resolve allegations.
Roblox uses banned ‘cyber leader’ for terrorizing the platform and its developers
Pinterest committed $50 million to overhaul its corporate culture and promote diversity as part of a settlement to resolve claims of discrimination against women and people of color, according to court documents and statements from the plaintiffs and the company.
The settlement was announced Wednesday by Seth Magaziner, the Rhode Island general treasurer, who was acting on behalf of the Rhode Island Employees Retirement System and other Pinterest shareholders who had sued the company, known for its colorful virtual boards.
Shareholders had accused Pinterest’s board of failing to respond to a culture of discrimination and retaliation against women and people of color. By allowing discrimination to continue, shareholders argued, the board did not act in the best interest of shareholders.
The allegations came to light when two black women on Pinterest’s public policy team, Ifeoma Ozoma, and Aerica Shimizu Banks, publicly criticized the company’s treatment of employees, according to court documents.
