'Obviously Illegal:' Elon Musk Slams IBM Chief Arvind Krishna Over Leaked Video On Diversity-Focused Hiring Practices
Portfolio Pulse from Shanthi Rexaline
IBM CEO Arvind Krishna criticized by Elon Musk for leaked video showing Krishna pressuring executives to follow discriminatory hiring practices, potentially violating Title VII of the Civil Rights Act. The video reveals a policy of penalizing executives for not hiring enough Black or Hispanic candidates or hiring too many Asians, impacting their bonuses. Musk's comments highlight the irony given IBM's public stance against discrimination and his own company SpaceX's legal issues with hiring discrimination.
December 12, 2023 | 10:12 am
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IBM faces public criticism and potential legal scrutiny over leaked video showing CEO Arvind Krishna advocating for discriminatory hiring practices, which could negatively impact the company's reputation and lead to legal consequences.
The leaked video directly implicates IBM in potentially illegal hiring practices, which could lead to legal action, damage the company's reputation, and result in a loss of investor confidence. The criticism from a high-profile figure like Elon Musk amplifies the issue, potentially leading to a negative short-term impact on IBM's stock price.
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