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 Photographs
New York-based cosmetics corporate Estee Lauder suspended John Demsey, an government workforce president, because of a contemporary Instagram put up that integrated a racial slur, in keeping with The Wall Boulevard Magazine.
The social media put up, which has since been got rid of from Demsey’s private account, displayed a spoof e book 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 Firms,” the corporate stated in an interior memo bought via the Magazine.
Estee Lauder and John Demsey weren’t straight away to be had for remark when CNBC reached out.
Closing Might, the chief marked 30 years at Estee Lauder. Demsey, who oversaw manufacturers like Mac and Clinique, was once suspended with out pay, the document stated. The paper didn’t know the duration of the suspension.
Estee Lauder stocks closed Wednesday down 1.61%, at $290.93 a percentage.
