Estee Lauder reportedly suspends exec John Demsey over Instagram post – What We Know!

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 Photos

New York-based cosmetics firm Estee Lauder suspended John Demsey, an govt group president, because of a latest Instagram publish that included a racial slur, in accordance with the Wall Road Journal.

The social media publish, 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, mentioned the Journal.

Estee Lauder and John Demsey weren’t instantly obtainable for remark when CNBC reached out.

Final Might, the chief marked 30 years at Estee Lauder. Demsey, who oversaw manufacturers like Mac and Clinique, was suspended with out pay, the report mentioned. The paper didn’t know the size of the suspension.

Estee Lauder shares closed Wednesday down 1.61% at $290.93 a share.

Learn the WSJ article right here.