Estee Lauder’s John Demsey attends the 2016 amfAR New York Gala at Cipriani Wall Road on February 10, 2016 in New York Metropolis.
Dimitrios Kambouris | Wireimage | Getty Pictures
New York-based cosmetics firm Estee Lauder suspended John Demsey, an government group president, as a consequence of a current Instagram put up that included a racial slur, in accordance with The Wall Street Journal.
The social media put up, which has since been faraway from Demsey’s private account, displayed a spoof e-book cowl of the TV present “Sesame Road,” and contained the N-word and jokes about Covid-19, stated the Journal.
Estee Lauder and John Demsey weren’t instantly obtainable for remark when CNBC reached out.
Final Could, the manager marked 30 years at Estee Lauder. Demsey, who oversaw manufacturers like Mac and Clinique, was suspended with out pay, the report stated. The paper didn’t know the size of the suspension.
Estee Lauder shares closed Wednesday down 1.61%, at $290.93 a share.