What happens if #Metoo becomes #Youtoo?
It’s been more than a year since allegations against Hollywood mogul Harvey Weinstein drove women around the world to speak out against sexual abuse and harassment — creating the viral movement #Metoo. And all evidence indicates this movement is here to stay.
The headlines are full of large companies losing millions over #Metoo claims. Guess apparel company lost $250 million in market value in a single day following a charge against its co-founder. Wynn Resorts shares fell nearly 20 percent after media coverage of allegations against its founder and CEO, which translated to about $3.5 billion of the company’s value.
Here’s a sobering line in The New York Times:
“… about a third o