Netflix acts fast, says sorry, for racist spokesperson – hires diversity champion to put it on the straight and narrow
Select language to see a machine translation of this article. The original language of the Article is English and the translation is provided for your convenience.

Netflix acts fast, says sorry, for racist spokesperson – hires diversity champion to put it on the straight and narrow

No racial slur is acceptable language in any context. In Netflix’s defense, the company seems to understand that and is willing to act on it. Here’s what happened: the company’s spokesperson, Jonathan Friedland, has been ousted from the company without delay after he was caught using the “N-word” on two separate occasions. Now, the company has announced that it’s hiring Vernā Myers as vice president of inclusion strategy – a newly created role to help promote much needed cultural diversity throughout the business.

Netflix’s share price has risen by 92% so far this year

netflix g 310818

Source: Yahoo Finance

Diversity, it turns out, is more of a problem at Netflix than we were aware. A recent ranking of major studios for ethnic and gender diversity from the Directors Guild of America puts Netflix in tenth place, below Twentieth Century Fox, Amazon, HBO, Sony, NBC, and more.

The company’s CEO Reed Hastings, to his credit, offered a straightforward admission, and apology. He also promised to fix the situation. In a memo, he wrote: “Going forward, we are going to find ways to educate and help our employees broadly understand the many difficult ways that race, nationality, gender identity and privilege play out in society and our organization. We seek to be great at inclusion, across many dimensions, and these incidents show we are uneven at best. We have already started to engage outside experts to help us learn faster.”

Netflix’s chief talent officer, Jessica Neal, added: “As a global company dedicated to attracting the best people and representing a broad range of perspectives, Vernā will be an invaluable champion of our efforts to build a culture where all employees thrive.”

Disclosure
Dominion holds Netflix in its Global Trends Luxury Fund.


If you would you like to receive the Newsfeeds daily, please click here to sign up now!

Help us make this Newsfeed better by rating this article. 1 star = Poor and 5 stars = Excellent
0.0/5 rating (0 votes)

Disclaimer
The views expressed in this article are those of the author at the date of publication and not necessarily those of Dominion Fund Management Limited. The content of this article is not intended as investment advice and will not be updated after publication. Images, video, quotations from literature and any such material which may be subject to copyright is reproduced in whole or in part in this article on the basis of Fair use as applied to news reporting and journalistic comment on events.