Yesterday, Bloomberg released a report detailing multiple sexual harassment claims made against venture capitalist Shervin Pishevar. Pishevar was an early investor in Uber, and was accused of making unwanted advances towards work associates.
Sarah Lacy, CEO and editor of Pando Daily, joins Cheddar to break down the Bloomberg report and the news. Lacy says she wasn't surprised by the allegations because of her own personal experiences with Pishevar. She also noted that the venture capitalist was known in the industry for morally questionable behavior.
Lacy says she hopes there are repercussions for Pishevar's behavior. She categorized his actions as similar in severity to Hollywood gatekeeper Harvey Weinstein. Lacy feels he should be stripped of his power, and dismissed from his firm. She says Shervin Pishevar is another example of the ongoing issue of bro culture and sexual harassment in Silicon Valley.
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Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
