A battle of billionaires seems to be in the making after Arvind Krishna's Internal Meeting Video was leaked on social media by a journalist. Arvind Krishna, CEO of International Business Machines, Corp (IBM), was seen addressing his executives in the leaked video and was seen confessing to pressuring executives to implement discriminatory practices in the hiring process. After Arvind Krishna Video Leak came to the fore, Tesla founder Elon Musk slammed the IBM CEO saying that what he is doing is illegal. Those who still didn't understand about leaked IBM CEO's Video controversy, below is what you need to know-
The leaked Arvind Krishna video was shared by a journalist named James O'Keefe. Sharing IBM CEO leaked internal meeting video, the journalist wrote, "BREAKING LEAKED VIDEO: CEO of IBM @ArvindKrishna admits to using coercion to fire people and take away their bonuses unless they discriminate in the hiring process."
"You got to move both forward by a percentage that leads to a plus on your bonus," Krishna said about hiring Hispanics, "and by the way if you lose, you lose part of your bonus."
Furthermore, Keefe wrote that after pulling ads from X for 'racism,' IBM chief Arvind Krishna says he will fire, demote or strip bonuses from execs who don't hire enough blacks, Hispanics — or hire too many Asians
"Asians are not an underrepresented minority in tech in America...I’m not going to finess this, for blacks we should try to get towards 13 percent," says Krishna.
Paul Cormier, the chairman of Red Hat, a subsidiary of IBM, says in the leaked recording that Red Hat has terminated people because they weren't willing to engage in racial discrimination through hiring and promotion.
Title VII of the Civil Rights Act makes it illegal for employers to discriminate on the basis of race in the workplace."
Responding to this, Tesla CEO wrote, "Extremely concerning and obviously illegal"
Arvind Krishna's reaction to leaked internal video
After IBM CEO Arvind Krishna came under the scanner of social media, he issued a public statement through a video. In his video, Krishna said that journalist James has shared an internal video of a meeting which he attended in June 2021 at Red Hat.
"Let me get some context. We IBM did pull advertising from X about a month ago. We are in no position. X can do whatever it wants to do on Free Speech and Promotion opinions. It's up to X to handle their management. We have no views on it. Neither positive or negative. What we do not want is our Ads on X are next to content that we find objectionable. We do this with all the platforms, its not unique to X. We found out that our Ad was coming up next to objectionable material and we were not satisfied with the answers on they are going manage it. Then we decided we are not gonna advertise on X anymore."
Watch Arvind Krishna's full reaction Video Here