Alphabet scrutinizing handling of misconduct claims

Google CEO Sundar Pichai with his wife Anjali Pichai. (AFP)
Updated 07 November 2019
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Alphabet scrutinizing handling of misconduct claims

SAN FRANCISCO: Google’s parent company Alphabet has confirmed that its board is investigating how executives handled accusations of misconduct including sexual harassment.

“In early 2019, Alphabet’s board of directors formed a special litigation committee to consider claims made by shareholders in various lawsuits relating to past workplace conduct,” said an Alphabet spokesperson.

The board hired a law firm to help the committee, which was to contact those who filed complaints and scrutinize cases, including one involving the Alphabet chief legal officer, according to a CNBC report citing unspecified material it had seen.

Google in November outlined changes to its handling of sexual misconduct complaints, hoping to calm outrage that triggered a worldwide walkout of workers.

“We recognize that we have not always gotten everything right in the past and we are sincerely sorry for that,” Chief Executive Sundar Pichai said at the time in a message to employees, a copy of which was shared with AFP.

“It’s clear we need to make some changes.”

Pichai promised that Google would be more transparent with how concerns are dealt with, and provide better support and care to those who raise such issues with the company.

Google would provide “more granularity” regarding sexual harassment investigations and their outcomes, according to Pichai.

Google announced updates to its mandatory sexual harassment training and said it would require it annually instead of every two years, as had been the case.

Google also put the onus on team leaders to tighten the tap on booze at company events, on or off campus, to curtail the potential for drunken misbehavior.

HIGHLIGHTS

• Chief Executive Sundar Pichai promised that Google would be more transparent with how concerns are dealt with, and provide better support and care to those who raise such issues with the company.

• Google would provide ‘more granularity’ regarding sexual harassment investigations and their outcomes, according to Pichai.

Despite the assurances, shareholders filed lawsuits against Alphabet accusing it of covering up sexual misconduct.

Thousands of Google employees joined a coordinated worldwide walkout late last year to protest the US tech giant’s handling of sexual harassment.

A massive turnout at the “Googleplex” in Silicon Valley was the final stage of a global walkout that began in Asia and spread to Google offices in Europe.

Some 20,000 Google employees and contractors participated in the protest in 50 cities around the world, according to organizers.

The protest took shape after Google said it had fired 48 employees in the prior two years — including 13 senior executives — as a result of allegations of sexual misconduct.

Demands by protesters included putting employee representation on the board.


European gas prices soar almost 50% as Iran conflict halts Qatar LNG output

Updated 21 sec ago
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European gas prices soar almost 50% as Iran conflict halts Qatar LNG output

  • Analysts warn prolonged disruption could push prices higher
  • Some shipments of oil, LNG through Strait of Hormuz suspended
  • Benchmark Asian LNG price up almost 39 percent

LONDON: ​Benchmark Dutch and British wholesale gas prices soared by almost 50 percent on Monday, after major liquefied natural gas exporter Qatar Energy said it had halted production due to attacks in the Middle East.

Qatar, soon to cement its role as the world’s second largest LNG exporter after the US, plays a major role in balancing both Asian and European markets’ demand of LNG.

Most tanker owners, oil majors and ‌trading houses ‌have suspended crude oil, fuel and liquefied natural ​gas shipments ‌via ⁠the ​Strait of ⁠Hormuz, trade sources said, after Tehran warned ships against moving through the waterway.

Europe has increased imports of LNG over the past few years as it seeks to phase out Russian gas following Russia’s invasion of Ukraine.

Around 20 percent of the world’s LNG transits through the Strait of Hormuz and a prolonged suspension or full closure would increase global competition for other ⁠sources of the gas, driving up prices internationally.

“Disruptions to ‌LNG flows would reignite competition between ‌Asia and Europe for available cargoes,” said ​Massimo Di Odoardo, vice president, gas ‌and LNG research at Wood Mackenzie.

The Dutch front-month contract at the ‌TTF hub, seen as a benchmark price for Europe, was up €14.56 at €46.52 per megawatt hour, or around $15.92/mmBtu, by 12:55 p.m. GMT, ICE data showed.

Prices were already some 25 percent higher earlier in the day but extended gains ‌after QatarEnergy’s production halt.

Benchmark Asian LNG prices jumped almost 39 percent on Monday morning with the S&P Global ⁠Energy Japan-Korea-Marker, widely used ⁠as an Asian LNG benchmark, at $15.068 per million British thermal units, Platts data showed.

“If LNG/gas markets start to price in an extended period of losses to Qatari LNG supply, TTF could potentially spike to 80-100 euros/MWh ($28-35/mmBtu),” Warren Patterson, head of commodities strategy at ING, said. The British April contract was up 40.83 pence at 119.40 pence per therm, ICE data showed.

Europe is also relying on LNG imports to help fill its gas storage sites which have been depleted over the winter and are currently around 30 percent full, the latest data from Gas Infrastructure ​Europe showed. In the European carbon ​market, the benchmark contract was down €1.10 at €69.17 a tonne