have criticized the mismatch between their employers’ public messages of empowerment and justice and their private actions.Cayce Clifford for The New York Times
Jane Alexander, Carta’s chief of staff, said of Mr. Ward: “Henry has a polarizing style that is a combination of his personality, his vision and his passion. It does not work for everyone.” But, she said, he “is fair and cares fiercely about Carta’s employees.” Ms. LeCrone, who left Carta in 2018, said that while the company had believed the woman’s account, “how they handled the situation proved to us that they did not value her.”
Carta said “departure paperwork” for the woman had been filed before the meeting. The company said it created the anonymous reporting tool last year. To fix those, Carta added $2 million in annual payroll and issued $8.3 million of equity to employees. But equity is doled out in tranches over years and rises in value when start-ups raise funding at higher valuations, rewarding those who joined early and stayed longer. Carta did not make up for the lost time or higher valuation for the employees who had been underpaid.about the study. “But we want to be part of the solution.
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