By Alexandra Bacchus
Google’s shareholders & workers propose a new resolution to fix the lack of diversity
In 2018, Google’s workforce was 2.5% black compared to 1.9% in 2014
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An employee led effort at Google (GOOG -0.26%) is putting pressure on the board to improve racial and gender diversity at the company. This comes after last year’s failed attempt to tie diversity metrics to executive bonuses or other financial incentives to motivate top down change.
Why This Matters: After last year’s shareholder proposal to tie diversity benchmarks to executive pay, Google said the proposal would not, “enhance Alphabet’s existing commitment to corporate sustainability.” However, many other companies would disagree like Microsoft (MSFT 0.19%), Intel (INTC -0.11%), and IBM (IBM -0.32%) all tie leadership bonuses to their inclusion goals in some form or another. While Google’s workforce has become more diverse in the past few years, the numbers are only climbing slowly. In 2018, their workforce was 2.5% black compared to 1.9% in 2014. By comparison, African-Americans make up 14% of the United States population.