Thursday, March 30, 2017

The tech giants are the new banks. Do we know the risks? | Gaby Hinsliff

Source: http://ift.tt/2nEFhFf
March 30, 2017 at 09:34PM

Politicians are dazzled by this booming industry’s leaders. Yet history shows us that things can go badly wrong

One night in Seoul, a group of highly successful executives go out to an escort karaoke bar. Four of the men reportedly choose a woman, identified by the numbered tags they wear, to sit with and then go downstairs to sing karaoke. Shortly afterwards the chief executive leaves with his then girlfriend, plus a “visibly unhappy” female executive who will later make a complaint to HR.

And three years later, the now ex-girlfriend tells the story to illustrate the sexist underbelly of this male-dominated industry – one increasingly dogged by tales of sexual harassment at work, supermodel-stuffed parties, and lunch breaks taken in strip clubs.

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