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Google Parent Alphabet Pledges $12 Million To Social Justice As Shareholders Fret Over Diversity, Pay, Human Rights At Annual Meeting

In a two-act annual meeting Wednesday, Google parent Alphabet kicked off good deeds from a $12 million pledge to further racial equality and 200 new initiatives around COVID-19 — from $800 million in ad grants and loans for small businesses to an expansion of Google Classroom to PSAs on YouTube .

Then shareholders took the mic to knock the company’s record on executive pay, diversity and human rights.

Kicking off the marathon 90-minute virtual event, streamed live on YouTube, CEO Sundar Pichai said the pandemic has “torn at the very fabric our community” and that

“I want to acknowledge the additional pain caused by the rash of violence against the black community in the U.S.”

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— most recently the death of George Floyd in Minneapolis that has sparked a week and counting of protests across the nation.

“We stand together with the Black community … and with our Black Googlers,” he said.

The social justice pledge starts with grants of $1 million each to the Center for Policy Equality and the Equal Justice Initiative.

Google said it has donated $32 million to racial justice over the past five years. YouTube has separately promised a $1 million donation.

That came as […]

read more here —> deadline.com

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