CEO of Esteé Lauder Fired, in Response to Racial Slur <br />Used in Social Media Post.<br />The firing of Esteé Lauder CEO John Demsey was announced in a company memo distributed on Feb. 28.<br />According to the memo, Demsey “was informed he must leave the company, effective this week.”.<br />The move comes days after a meme of a spoof children's book cover containing the N-word was posted to Demsey's Instagram account.<br />The decision is a result of his recent Instagram posts, which do not reflect the values of The Estée Lauder Companies, , Etseé Lauder Memo, via 'The Wall Street Journal'.<br />have caused widespread offense, are damaging to our efforts to drive inclusivity both inside and outside our walls, , Etseé Lauder Memo, via 'The Wall Street Journal'.<br />and do not reflect the judgment we expect of our leaders, Etseé Lauder Memo, via 'The Wall Street Journal'.<br />Dempsey issued an apology last week, stating he was “terribly sorry and deeply ashamed.”.<br />He claims to have not fully read the meme before he posted it.<br />His Instagram account has more than 70,000 followers and more than 50,000 posts.<br />Demsey had been with the company for more than three decades.<br />He oversaw some of Esteé Lauder's most significant brands, such as MAC and Clinique.<br />He was also integral for bringing celebrities Saweetie, Mary J. Blige, and Rihanna to the brand.<br />He was also integral for bringing celebrities Saweetie, Mary J. Blige, and Rihanna to the brand.<br />He was also integral for bringing celebrities Saweetie, Mary J. Blige, and Rihanna to the brand.<br />Before being fired by Esteé Lauder, Demsey had been suspended without pay.<br />According to 'The Wall Street Journal,' Demsey was compensated nearly $10 million last year
