A pension fund sued Pinterest Inc.'s board in Delaware, blaming it for a “toxic” and “broken” culture of “discrimination and retaliation” against female executives that has allegedly tarnished the social media giant’s reputation with its overwhelmingly female user base.
“The very notion of tolerating gender and racial bias by senior management” at a company that calls itself “the nicest place on the internet” should be “self-evidently anathema, illogical, and unacceptable,” according to the complaint made public Tuesday in Delaware Chancery Court.
But board members with long-standing ties to founder and CEO Ben Silbermann “opened the floodgates to a veritable tsunami ...