‘Culture of Fear’: Bill Gates’ Asset Manager Accused of Racist & Sexist Remarks

‘Culture of Fear’: Bill Gates’ Asset Manager Accused of Racist & Sexist Remarks

-Michael Larson, the man responsible for managing a large chunk of Bill Gates' fortune, has been accused of sexual harassment and racism by anonymous staff members

- He'd reportedly subjected female employees to crude sexual remarks as well as made racial slurs at the workplace

- Melinda Gates has condemned the behaviour and claims she could not have known the abuses had been taking place, given her lack of ownership in the company

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The man responsible for managing the vast majority of billionaire Bill Gates’ fortune has been the subject of claims including racist remarks, showing nude pictures of women to his staff and making sexist comments.

Michael Larson, who runs Cascade Investments, had reportedly created a “culture of fear” where the employee abuses had occurred. His soul function at the company was to manage the spending of Bill and Melinda Gates, who have since gotten divorced.

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‘Culture of Fear’: Bill Gates’ Asset Manager Accused of Racist & Sexist Remarks
Michael Larson in 2008. Images: Getty
Source: Getty Images

According to an exclusive report by the New York Times:

“[Larson had] judged female employees on their attractiveness, showed colleagues nude photos of women on the internet and on several occasions made sexually inappropriate comments. He even made a racist remark to a black employee.”

It added:

“He bullied others. When an employee said she was leaving Cascade, Mr Larson retaliated by trying to hurt the stock price of the company she planned to join.”

The serious accusations have since been taken up with Melinda Gates, whose spokesperson claims the Gates could not have known about the abuses, given their lack of ownership and control of Cascade Investments.

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Meanwhile, Briefly News previously reported that the founder of ByteDance, the parent company of TikTok, has recently announced that he will be stepping down from his position as CEO of the highly successful company so that he can "read more books and daydream".

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Considering he is worth a whopping $44 billion (over R614 billion) we're guessing it was a pretty easy decision for him to make - especially since he can afford to buy any number of books he likes.

"The truth is, I lack some of the skills that make an ideal manager. Similarly, I'm not very social, preferring solitary activities like being online, reading, listening to music and daydreaming about what may be possible," he wrote in a letter to his employees, Celebrity Networth reports.

CNN reports that at only 38, Yiming has become one of the youngest CEO's to step down from a rapidly growing social media tech company.

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Source: Briefly.co.za

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