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The Swedish pension giant has reached an agreement with the company that owns Google, Alphabet. Stock Photography.
The deal with Alphabet, the company that owns Google, means that the tech giant must invest SEK 2.8 billion to improve diversity and inclusion in the company.
– This deal feels great both for the good of Google employees and for the good of shareholders. Sexual harassment affects many more than those directly affected, Richard Grötheim, executive director of the Seventh AP Fund, tells the newspaper.
It was in 2018 that protests broke out among company employees, following revelations that the company paid many millions by parachute to male managers who were accused of harassment.
The Seventh AP Fund owns Alphabet shares worth nearly SEK 10 billion, Di writes. The settlement was reached following a lawsuit in which the Swedish pension giant was the main plaintiff, with the support of several investors in a class action lawsuit.
