Payne Capital Management's Michelle McKinnon and EventShares Chief Investment Officer Ben Phillips on Google employees staging a walkout to protest sexual misconduct allegations at the company and the outlook for the tech sector.
"Google has never required confidentiality in the arbitration process and arbitration still may be the best path for a number of reasons (e.g. personal privacy) but, we recognise that choice should be up to you", Mr Pichai wrote. "It's clear we need to make some changes", Pichai stated in his emailed memo.More news: With poo on the podium, Bill Gates talks toilet technology
"Going forward, we will provide more transparency on how we handle concerns", Pichai said in a note addressed to employees.
Among the measures announced are the introduction of optional arbitration for individual sexual harassment and sexual assault claims.
The company said it will no longer require mandatory arbitration of sexual misconduct allegations and will provide more details about sexual misconduct cases in internal reports.More news: Paul Pogba says beating Juventus was unusual
"But the issues that contributed to the walkout at Google - the company's controversial work with the Pentagon on artificial intelligence, its apparent willingness to build a censored search engine for China, and above all its handling of sexual harassment accusations against senior managers - proved too large for any one worker to confront alone, even if that worker made mid-six figures", he continued.
The protest began last week after The New York Times reported on allegations of sexual misconduct about Andy Rubin, the creator of Google's Android software, who allegedly received a $90 million severance package in 2014 after Google concluded the assault claims were credible. That's happening externally, with increased scrutiny by regulators and politicians, and internally with reports and rising complaints about Google's permissive culture when it comes to executive conduct and relationships with co-workers.
CEO Sundar Pichai spelled out the concessions in an email sent Thursday to Google employees.More news: Rihanna Tells Donald Trump to Stop Playing Her Music at Rallies
But the Tech Workers Coalition, which backed last week's action, said the measures did not go almost far enough, particularly where it related to contractors who worked with the firm.