On October 31, 2018, NASDAQ closed at 7,305.90, rose 144.25 points or 2.01%, a good sign after all the plummets in late October. However, a new crisis is about to hit Wall Street, especially NASDAQ, today as thousands of Google workers plan to walk out in protest of the company’s handling of executive misconduct.
The stir began after Rich DeVaul, a top executive of Alphabet Inc., was accused of sexual harassment and had left the company on Tuesday without severance pay. Even though the accusation happened in 2003, and was reported in 2005, DeVaul still maintained his position until the departure. His action would not have happened if Google did not grapple with reports that the company gave some executives multimillion-dollar payouts despite allegations of sexual harassment against them.
Thus, lead to the protest on Thursday, November 1, 2018, that may have caused a lot of damage to Alphabet Inc. and the Wall Street if the company cannot compromise with its workers amid complaints of sexism, racism and unchecked executive power in their workplace.