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Awful idea. Hire based on merit. Stop trying to enforce equality of outcomes.
No, one or more shareholders and a handful of employees are going to formally propose a plan to link executive compensation to diversity goals.

Alphabet opposes the proposal because they believe it’s not in the best interests of the company or shareholders.

I don’t think it’s a good idea. I think there are better ways to nurture your company culture than depending on arbitrary objectives with vague, or even nonexistent, finishing lines.

My two cents.