Pinterest shareholders sue over toxic work culture

Pinterest shareholders are suing the company’s top executives, including CEO Ben Silbermann, for allegedly enabling a culture of discrimination. The toxic work environment has hurt the company’s reputation, leading to a user boycott and financial harm, the complaint alleges.

The CEO “repeatedly placed himself before the Company, surrounding himself with yes-men and marginalizing women who dared to challenge Pinterest’s White, male leadership clique,” the complaint says. The company ignored or silenced employees who tried to speak out.

The plaintiff in the suit is the Employees’ Retirement System of Rhode Island, which oversees $8.5 billion in public assets, including retirement funds for thousands of Rhode Island teachers, firefighters,...

Continue reading…