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Stock impact report

Eli Lilly sued for age discrimination by U.S. agency EEOC [Reuters]

Eli Lilly and Company (LLY) 
Last eli lilly and company earnings: 4/23 06:25 am Check Earnings Report
US:NYSE Investor Relations: investor.lilly.com
Company Research Source: Reuters
to hire older workers for sales representative jobs because of their age. The complaint said Lilly's violations began after Stephen Fry, its senior vice president for human resources and diversity, lamented during an April 2017 “Leadership Town Hall” that its sales force was skewed toward older workers, with 20% fewer “millennials” than the American workforce. FILE PHOTO: FILE PHOTO: An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. REUTERS/Mike Segar/File Photo According to the EEOC, Fry suggested that the lack of millennials was a problem, and the Indianapolis-based company would target 40% “Early Career” hiring. Managers then changed their hiring practices for sales representatives, sometimes requiring greater review and approval before extending offers to older candidates, even after some recognized that the 40% goal was illegal, the EEOC said. The target remained through 2021, it added. Li Show less Read more
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