Friday, June 15, 2018

"Amazon Vows to Include Women, Minorities in Board Search" (AMZN)

The headline story is a month old but it just came up in conversation.

Anybody else remember this from 2017:

Somehow missed this one: "Uber, Seeking a Female CEO....
...has narrowed the list to three men.

The job went to Dara Khosrowshahi.
Expedia CEO: 'Hopefully we will all be alive to see the ...

And then there was the time the behavior of one of the guys on the Shitty Media Men List resulted in the firing of exactly one additional person, the female head of human resources.
The guy's (and thus the company's) name escapes me, it might have been Matt Lauer, I'll make inquiries and report back.

From Barron's, May 14:

In a public filing on Monday, the e-commerce giant vowed to expand the pool of candidates. Three of the company's 10 board members are women. (AMZN) says it will make more of an effort to include women and minorities in future board searches.

In a public filing on Monday, the e-commerce and cloud-computing giant vowed to expand its pool of candidates. Three of the company's 10 board members are women. [Women comprise about 20% of board members of Fortune 500 companies, up from 17% a year ago.]

Amazon made the change, outlined in its committee charters, following complaints from a group of shareholders led by CtW Investment Group as well as SEIU Master Trust about a lack of diversity on Amazon's board and among its executives. The shareholders proposed in a letter last month that Amazon adopt the so-called "Rooney Rule" from the National Football League that requires teams to interview ethnic-minority candidates for head coaching and senior football operations positions.
Amazon's board initially opposed the proposal but reversed its stance "after listening to [Congressional Black Caucus] feedback as well as that from Amazon employees, shareholders, and other stakeholders about the Board diversity proposal." Brian Huseman, Amazon's vice president of public policy, wrote to the CBC, according to Recode....MORE