A Silicon Valley culture war pitting liberal-leaning tech firms against a small conservative cohort took on new intensity on Tuesday after Google fired a male engineer for a memo that decried the company’s commitment to hiring women.
Memo author James Damore, 28, received jeers, cheers and a couple of job offers, while the debate raged on social media and some tech firms took steps to prevent similar episodes from embroiling their companies.Damore confirmed his dismissal from Alphabet Inc’s Google on Monday, after he wrote a 10-page memo that said the company was hostile to conservative viewpoints and that women on average have more neuroticism.
Many in Silicon Valley found his views, which argued that men in general may be biologically more suited to coding jobs than women, offensive and destructive. The manifesto was embraced by some, particularly on the political right, who branded him a brave truth-teller. The episode recalled past examples of the wide gulf between US conservative activists and the tech sector.
In 2014, Brendan Eich was forced out as Mozilla’s chief executive after his opposition to gay marriage became public. Most technology executives held the opposite view, and tech companies often gave benefits to same-sex couples well before gay marriage was legalized.
Trump Hotels CEO Eric Danziger called the ProPublica and Forbes collaboration to map and document the new Trump-branded hotels across the country “inappropriate and irresponsible” in an email to Hotels magazine.
“It saddens me that journalists would call on others to dig into the working business deals of a private business. It is inappropriate and irresponsible,”Danziger wrote, according to the magazine. “We are a hotel company going about our business.”
The Trump Organization has so far declined to release details about where dozens of American IDEA and Scion-brand Trump hotels will be located or who the Trumps will be partnering with. So we’ve asked local journalists and interested citizens to help find and ferret out the facts on 33 proposed deals that have yet to be publicly disclosed.
The developer, Suresh Chawla, had long been a campaign donor to the governor, Phil Bryant. At the fundraiser, Chawla told Donald Trump and his son, Donald Jr., about his latest project: a boutique hotel in Cleveland, Mississippi, the home of a new museum devoted to the Read More
Shares of Wipro, country’s third largest software services firm, hit a 52-week high of Rs 291 on Friday, up over 8% after the IT major announced a share buyback of Rs 11,000 crore entailing 34.3 crore equity shares at Rs 320 apiece.
buyback price is 24% higher than the average price of the stock for the past six months, which analysts believe is attractive and investors can consider tendering their shares. “The proposed buyback has been done at an attractive price. It will see the stock rally in the immediate term. I think investors can tender their shares,” said Sarabjit Kour Nangra, VP Research- IT at Angel Broking.
Brokerage HDFC Securities also suggests investors tender their shares. Going ahead, the brokerage feels organic growth for the company will remain a challenge and investors will be better off utilising the current opportunity to exit the stock .
“Organic growth engine for Wipro remains a challenge. Some pockets have shown improvement in the last couple of quarters. Digital revenue is growing strongly, but these are not enough to backfill the loss from legacy. We currently have a neutral rating on the stock, and we recommend shareholders to tender shares,” point out Amit Chandra and Apurva Prasad of HDFC Securities in a result analysis Read More