* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, August 27, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Do you have a favorable or an unfavorable opinion of Taylor Swift? – YouGov

    Do You Love Taylor Swift or Not? Share Your Thoughts!

    Upload Season 4 Review – yahoo.com

    Upload Season 4 Review: A Thrilling New Chapter Unveiled

    ‘The Roses’ review: Olivia Colman, Benedict Cumberbatch sparkle in dark comedy – Yakima Herald-Republic

    The Roses’ Review: Olivia Colman and Benedict Cumberbatch Shine in Dark Comedy Delight

    ‘When Calls the Heart’ Fans All Want the Same Thing After Seeing the Show’s Latest Update – yahoo.com

    When Calls the Heart’ Fans Rally Together in Excitement Over Exciting New Update!

    Quotes of the Week: Peacemaker, Project Runway, Countdown and More – yahoo.com

    This Week’s Most Memorable Quotes from Peacemaker, Project Runway, Countdown, and More!

    Drake Appears in Teaser for Bobbi Althoff’s New Podcast ‘Not This Again’ – yahoo.com

    Drake Drops a Surprise Cameo in Bobbi Althoff’s Thrilling New Podcast Teaser ‘Not This Again

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    US-ROK Technology Cooperation Faces Rising Tensions – The National Interest

    Rising Tensions Put US-South Korea Technology Partnership to the Test

    The Role of AI and Technology in Shaping the Future of Interactive Entertainment – Technology Org

    How AI and Technology Are Transforming the Future of Interactive Entertainment

    Ten upcoming sports stadiums where technology takes to the field – Dezeen

    10 Futuristic Sports Stadiums Revolutionizing the Game with Cutting-Edge Technology

    Figure Technology Solutions, Inc. Files Registration Statement for Proposed Initial Public Offering – Business Wire

    Figure Technology Solutions, Inc. Unveils Exciting Plans for Its Upcoming Initial Public Offering

    UNLV Responds to Workforce Need with Microcredential in Nuclear Technology – University of Nevada, Las Vegas | UNLV

    UNLV Unveils Cutting-Edge Microcredential Program to Fuel Growth in Nuclear Technology

    Why Technology Will Never Take Over Completely – Patheos

    Why Technology Will Never Completely Control Our Lives

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Do you have a favorable or an unfavorable opinion of Taylor Swift? – YouGov

    Do You Love Taylor Swift or Not? Share Your Thoughts!

    Upload Season 4 Review – yahoo.com

    Upload Season 4 Review: A Thrilling New Chapter Unveiled

    ‘The Roses’ review: Olivia Colman, Benedict Cumberbatch sparkle in dark comedy – Yakima Herald-Republic

    The Roses’ Review: Olivia Colman and Benedict Cumberbatch Shine in Dark Comedy Delight

    ‘When Calls the Heart’ Fans All Want the Same Thing After Seeing the Show’s Latest Update – yahoo.com

    When Calls the Heart’ Fans Rally Together in Excitement Over Exciting New Update!

    Quotes of the Week: Peacemaker, Project Runway, Countdown and More – yahoo.com

    This Week’s Most Memorable Quotes from Peacemaker, Project Runway, Countdown, and More!

    Drake Appears in Teaser for Bobbi Althoff’s New Podcast ‘Not This Again’ – yahoo.com

    Drake Drops a Surprise Cameo in Bobbi Althoff’s Thrilling New Podcast Teaser ‘Not This Again

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    US-ROK Technology Cooperation Faces Rising Tensions – The National Interest

    Rising Tensions Put US-South Korea Technology Partnership to the Test

    The Role of AI and Technology in Shaping the Future of Interactive Entertainment – Technology Org

    How AI and Technology Are Transforming the Future of Interactive Entertainment

    Ten upcoming sports stadiums where technology takes to the field – Dezeen

    10 Futuristic Sports Stadiums Revolutionizing the Game with Cutting-Edge Technology

    Figure Technology Solutions, Inc. Files Registration Statement for Proposed Initial Public Offering – Business Wire

    Figure Technology Solutions, Inc. Unveils Exciting Plans for Its Upcoming Initial Public Offering

    UNLV Responds to Workforce Need with Microcredential in Nuclear Technology – University of Nevada, Las Vegas | UNLV

    UNLV Unveils Cutting-Edge Microcredential Program to Fuel Growth in Nuclear Technology

    Why Technology Will Never Take Over Completely – Patheos

    Why Technology Will Never Completely Control Our Lives

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

New York state is throwing its $260 billion retirement fund at ‘long-standing failures of oversight’ at Tesla, Wells Fargo, and Chipotle

April 5, 2024
in Business
New York state is throwing its $260 billion retirement fund at ‘long-standing failures of oversight’ at Tesla, Wells Fargo, and Chipotle
Share on FacebookShare on Twitter

An investment fund wants a reckoning at three major companies after a litany of serious fraud, sexual harassment and racial discrimination allegations against them in recent years.

The New York State pension fund, with $260 billion in assets, has hit Chipotle, Tesla, and Wells Fargo with shareholder proposals that would require them to disclose how much money the companies have spent settling disputes and the total number of pending harassment or discrimination complaints they’re trying to resolve through arbitration or litigation. The trio have all been involved in lawsuits, investigations, or been the subject of reporting about unsavory workplace practices. The New York fund says investors are ultimately footing the bill for poor management.  

“We selected these companies because of long-standing failures of oversight of the workforce by management and the board,” said Mark Johnson, press secretary for New York state comptroller Thomas DiNapoli in a statement to Fortune. “Civil rights violations within the workplace can result in substantial costs to companies, including fines and penalties, legal costs, costs related to absenteeism, reduced productivity, challenges recruiting, and distraction of leadership.”

The supporting statements in the proposals list the issues that led the fund to file the proposals. At Tesla, the carmaker has been involved in “numerous serious allegations of racial or sexual harassment and discrimination,” according to the fund statement. They include an Equal Employment Opportunity Commission lawsuit for racial harassment and retaliation that alleged Black employees faced open hostility at a manufacturing facility in California. The EEOC said Black workers “regularly encountered graffiti, including variations of the N-word, swastikas, threats, and nooses, on desks and other equipment, in bathroom stalls, within elevators, and even on new vehicles rolling off the production line.” Tesla last month settled a racial discrimination lawsuit with a former elevator operator for $3.2 million and a proposed class action lawsuit is pending.

At Wells Fargo, the most recent controversy at the bank involved a news report that the company had conducted sham interviews of diverse candidates for positions that had already been filled, said the New York retirement fund. It added that the Southern District of New York was reported to be investigating possible federal law violations because of the fake interviews. The company also paid $3 billion in 2020 to resolve criminal and civil investigations with various regulators that alleged its employees opened millions of fake accounts without customers’ consent that allowed it to rack up fees it wasn’t entitled to.

Burrito chain Chipotle settled an EEOC suit in 2023 and paid $400,000 to three former employees—one of whom was a teenager—to resolve a sexual harassment lawsuit in which the workers said a service manager subjected them to sexual touching and requests for sex. The EEOC said the manager isolated the three by trapping them in Chipotle’s walk-in refrigerator.  

Chipotle and Tesla haven’t filed proxies for 2024 yet in which it will list its shareholder proposals and the boards’ recommendations for how the companies wants investors to vote. Wells Fargo, in its proxy, urged investors to vote against the proposal. According to the board, New York submitted the same proposal to the company last year and a majority of investors supported it. Since then, the company has published a racial equity assessment and it is making “substantive changes to our policies and practices.” It eliminated confidentiality and non-disparagement provisions from severance agreements for non-supervisory employees in 2023 and plans to update its harassment and discrimination policies in 2024, among other changes that the board said would be responsive to the shareholder proposal. 

Wells Fargo noted that it engaged with representatives from the New York fund “on several occasions.”

In a statement to Fortune, the comptroller’s press secretary said, “We have not had constructive engagement with the companies.” Regarding Wells Fargo, the press secretary said the fund brought the proposal again “because we won majority support and nothing happened.”

Subscribe to the CFO Daily newsletter to keep up with the trends, issues, and executives shaping corporate finance. Sign up for free.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Fortune – https://fortune.com/2024/04/04/new-york-fund-failures-oversight-tesla-wells-fargo-chipotle/

Tags: 'ThrowingbusinessState
Previous Post

Ultra-processed foods can undermine your health. Here’s how to identify and avoid them

Next Post

What Does Ripple’s Stablecoin Mean for XRP?

In a post-truth world, what happens if we can’t trust US economic data any more? – The Conversation

What If We Can No Longer Trust US Economic Data in a Post-Truth World?

August 27, 2025
Lagarde says Europe’s economy would be even worse without the immigrants who moved in after the pandemic – Fortune

Lagarde: Post-Pandemic Immigrants Are Vital to Europe’s Economic Strength

August 27, 2025
Do you have a favorable or an unfavorable opinion of Taylor Swift? – YouGov

Do You Love Taylor Swift or Not? Share Your Thoughts!

August 27, 2025
U of M survey finds Minnesotans concerned about health of lakes, rivers – MPR News

Minnesotans Raise Alarming Concerns About the Future of Their Lakes and Rivers

August 27, 2025
With Texas and California redistricting, both parties are making a 2026 gamble – CNN

With Texas and California redistricting, both parties are making a 2026 gamble – CNN

August 27, 2025

Washington Department of Ecology Seeks Community Feedback on Drayton Harbor Cleanup Plan

August 27, 2025
Nebraska fairgoers learn about the science and art of circus at The Circus Science Spectacular – KSNB

Nebraska Fairgoers Dive into the Science and Art of Circus at The Circus Science Spectacular

August 27, 2025
Too much salt can hijack your brain – ScienceDaily

How Too Much Salt Hijacks Your Brain and Threatens Your Health

August 27, 2025
Oncologist warns ‘men are at higher risk of dying from cancer’; shares warning signs, lifestyle tips that can save lives | Health – Hindustan Times – Hindustan Times

Oncologist Reveals Why Men Face Higher Cancer Risks and Shares Life-Saving Warning Signs and Lifestyle Tips

August 27, 2025
US-ROK Technology Cooperation Faces Rising Tensions – The National Interest

Rising Tensions Put US-South Korea Technology Partnership to the Test

August 27, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (792)
  • Economy (812)
  • Entertainment (21,691)
  • General (16,700)
  • Health (9,853)
  • Lifestyle (825)
  • News (22,149)
  • People (812)
  • Politics (820)
  • Science (16,022)
  • Sports (21,311)
  • Technology (15,792)
  • World (794)

Recent News

In a post-truth world, what happens if we can’t trust US economic data any more? – The Conversation

What If We Can No Longer Trust US Economic Data in a Post-Truth World?

August 27, 2025
Lagarde says Europe’s economy would be even worse without the immigrants who moved in after the pandemic – Fortune

Lagarde: Post-Pandemic Immigrants Are Vital to Europe’s Economic Strength

August 27, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version