After 47 years, Microsoft issues first sexual harassment and gender report

TL;DR

The shareholder proposal, supported by 78 percent of investors, was put forward by Arjuna Capital, a sustainable impact investment firm, in response to sexual harassment allegations against Microsoft co-founder Bill Gates and other claims, but only covering 2019-2022.“Microsoft has taken an unprecedented step forward to effectively address sexual harassment in the workplace,” said Natasha Lamb, managing partner at Arjuna Capital, in a statement.A recent study suggests companies with high levels of sexual harassment underperform in the stock market – to say nothing about the harm to harassment victims.Yet, as Arjuna Capital observes in its press release, the report, compiled by law firm ArentFox Schiff LLP sheds little light on the claims made against Gates."An increasingly conservative judiciary has severely curtailed the ability of employees and consumers to bring class actions in recent years, and our case was a victim of that unfortunate trend in the law, although the underlying merits were strong," she wrote in a blog post in the wake of that decision."

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