
Estee Lauder forces out executive John Demsey after he posted racist meme on Instagram
John Demsey, president of Estee Lauder Cos., speaks at the World Retail Congress in Barcelona, Spain, on Friday, May 8, 2009.Mike Laburu | Bloomberg | Getty ImagesCosmetics company Estee Lauder said Monday it had forced out executive John Demsey, days after he acknowledged he posted a racist meme on a personal social media account.The announcement…