Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Alphabet    GOOGL

My previous session
Most popular
Delayed Quote. Delayed  - 11/16 10:00:00 pm
1068.27 USD   -0.26%
12:28pChina's JD.com misses revenue estimates
05:08aGoogle-Temasek study sees $240 billion Southeast Asia internet economy by 2025
11/18Taking Toll of Tech's Tumble
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweetsMarketScreener Strategies

Alphabet : Google hears protesters, changes sexual harassment policies

share with twitter share with LinkedIn share with facebook
share via e-mail
11/08/2018 | 11:28pm CET
FILE PHOTO: Workers hold signs outside 14th Street Park across the Google offices after walking out as part of a global protest over workplace issues in New York

(Reuters) - Alphabet Inc Google said on Thursday it would change the way it handles sexual harassment claims, a week after 20,000 of its workers around the world walked off their jobs to protest its response to such issues.

Arbitration will become optional for individual sexual harassment and sexual assault claims, Google said, enabling lawsuits on those matters. It also said employees who fail to complete mandatory sexual harassment training will be docked in performance reviews.

"We recognise that we have not always gotten everything right in the past and we are sincerely sorry for that," Chief Executive Officer Sundar Pichai said in a note https://www.blog.google/inside-google/company-announcements/note-our-employees addressed to employees. "It's clear we need to make some changes."

Pichai's actions respond to a couple of the five major requests made by employees during last week's protests. They had called on Alphabet to add an employee to its board and share gender-related pay data, neither of which Pichai addressed.

Walkout organizers applauded the progress on sexual harassment but said they would not let up on the other issues.

"They all have the same root cause, which is a concentration of power and a lack of accountability at the top,” organizer and Google employee Stephanie Parker said in a press release.

"We demand a truly equitable culture," Parker said.

Google noted its chief diversity officer would continue to lead monthly discussions with Pichai on topics of diversity and equity. The company also said it would publicly release its harassment, discrimination and retaliation policies.

Employees who organized last week's demonstrations estimated that 20,000 workers participated across Alphabet offices in five continents. A New York Times report spurred the protests after it revealed that Google gave a $90 million exit package to a top executive in 2014 after he was accused of sexual harassment.

Pichai said on Thursday that Google would provide more details about the outcome of sexual harassment investigations, as well as improve handling of cases by allowing victims to be accompanied by a support person.

Google will investigate complaints made by its contractors against employees and require that suppliers investigate complaints against contractors, the company said.

Employees now must do sexual harassment training annually, instead of every two years currently.

In addition, the company will expect its leaders to create environments in which excessive alcohol consumption is "strongly" discouraged. "Perpetrators" had been drinking in about 20 percent of the harassment cases at Google, it said.

Google described two-drink limits or drink ticket systems as potential solutions.

"We will impose more onerous actions if problems persist," Google said.

(Reporting by Arjun Panchadar in Bengaluru and Paresh Dave in San Francisco; Editing by Anil D'Silva and Bernadette Baum)

By Arjun Panchadar and Paresh Dave

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on ALPHABET
12:28pChina's JD.com misses revenue estimates
05:08aGoogle-Temasek study sees $240 billion Southeast Asia internet economy by 202..
11/18Taking Toll of Tech's Tumble
11/17Old-School Watchmakers Get Smart to Counter Apple
11/17Head of Google's Cloud-Computing Effort to Step Down -- WSJ
11/17VIACOM : Taps Into Streaming
11/17ALPHABET ClaimsFiler Reminds Investors with Losses in Excess of $100,000 of L..
11/17Burke to replace Dungey as ABC Entertainment chief
11/16Burke to replace Dungey as ABC Entertainment chief
11/16ALPHABET : Verily, Novartis Unit Alcon Put Glucose-Sensing Contact Lens Work on ..
More news
News from SeekingAlpha
06:57aWALL STREET BREAKFAST : Blow To The Renault-Nissan-Mitsubishi Alliance 
05:55aYouTube offering ad-supported movies 
03:35aLink tax may shutter Google News in EU 
02:55aWaymo has big headstart in autonomous cars 
11/18Paint It Black (Stocks To Watch Podcast) 
Financials ($)
Sales 2018 137 B
EBIT 2018 27 169 M
Net income 2018 29 340 M
Finance 2018 110 B
Yield 2018 -
P/E ratio 2018 25,63
P/E ratio 2019 22,73
EV / Sales 2018 4,62x
EV / Sales 2019 3,68x
Capitalization 741 B
Duration : Period :
Alphabet Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ALPHABET
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 45
Average target price 1 342 $
Spread / Average Target 26%
EPS Revisions
Lawrence E. Page Chief Executive Officer & Director
Sergey Mikhaylovich Brin President & Director
John LeRoy Hennessy Chairman
Ruth Porat Chief Financial Officer & Senior Vice President
Eric E. Schmidt Director & Technical Advisor
Sector and Competitors
1st jan.Capitalization (M$)
ALPHABET1.41%740 575
BAIDU-20.18%65 170
NAVER CORP--.--%16 558
YANDEX-10.69%9 595
SOGOU INC-45.46%2 506