Bill Gates’ money manager Michael Larson was accused of making racist, sexist remarks to employees, The New York Times reported.
Cascade Investment paid settlements to at least seven people who witnessed Larson’s behavior, The Times reported.
Larson denied “some but not all” of the allegations of misconduct detailed in The Times report.
An investment firm paid at least seven settlements to people who are alleged to have witnessed workplace misconduct by Bill Gates’ money manager Michael Larson, The New York Times reported Wednesday.
The Times published a bombshell report Wednesday detailing Larson’s alleged inappropriate workplace behavior at Cascade Investment, which manages Bill Gates’ and Melinda French Gates’ fortune. Bill and Melinda Gates announced on May 3 that they are splitting after 27 years of marriage.
Larson, who has worked as Gates’ money manager for nearly three decades through Cascade, made sexual and racist comments, 10 former employees and others familiar with the firm told The Times.
Cascade paid settlements to at least seven people who witnessed or were familiar with Larson’s behavior to keep quiet about their time at the firm