Estee Lauder’s John Demsey attends the 2016 amfAR New York Gala at Cipriani Wall Boulevard on February 10, 2016 in New York Town.
Dimitrios Kambouris | Wireimage | Getty Pictures
New York-based cosmetics corporate Estee Lauder suspended John Demsey, an govt team president, because of a contemporary Instagram publish that incorporated a racial slur, in keeping with The Wall Boulevard Magazine.
The social media publish, which has since been got rid of from Demsey’s private account, displayed a spoof guide duvet of the TV display “Sesame Boulevard,” and contained the N-word and jokes about Covid-19, stated the Magazine.
“The content material posted does no longer constitute the values of The Estée Lauder Corporations,” the corporate stated in an inner memo received by way of the Magazine.
Estee Lauder and John Demsey weren’t instantly to be had for remark when CNBC reached out.
Ultimate Would possibly, the chief marked 30 years at Estee Lauder. Demsey, who oversaw manufacturers like Mac and Clinique, used to be suspended with out pay, the file stated. The paper didn’t know the period of the suspension.
Estee Lauder stocks closed Wednesday down 1.61%, at $290.93 a proportion.
Learn the WSJ article right here.
