by Jena McGregor
Originally published: December 6, 2017
In the wake of sexual harassment allegations against a now former Amazon executive, a group that advocates for investors sent a letter last week to the online giant, urging it to improve the diversity of its senior executive ranks, among other things. The letter is the second filed by CtW Investment Group, which works with union-sponsored pension funds, and a sign that some investors are growing concerned about the reputation hit companies could face from the recent flood of harassment headlines.
“We believe that the evidence suggests that Amazon’s gender diversity gap creates significant risks for long-term shareholders, and that further delays in rethinking Amazon’s approach to human capital management may have dire consequences,” the organization’s executive director, Dieter Waizenegger, said in the letter, which is addressed to Amazon chairman and chief executive Jeffrey P. Bezos. (Bezos owns The Washington Post.)