New York: Michael Larson, responsible for the management of the majority of billionaire Bill Gates’ massive fortune, has been accused of sexual abuse and other misconduct at the workplace.
Larson, who runs Cascade Investments, had created a “culture of fear” in his workplace where employee abuses had occurred.
According to an extensive investigation by New York Times, Larson had allegedly showed nude photos of women to colleagues, judged female employees by attractiveness, made sexually inappropriate comments on several occasions, made racist remarks, and bullied others.
He had even threatened to hurt the stock price of a company a female employee said she was joining after leaving Cascade.
Larson’s company’s function is to manage the fortune of Bill Gates and his ex-wife Melinda French who built an empire on global philanthropy.
Larson invested Gates’ money in hotels, stocks, bonds, farm land and even a bowling alley. This enabled Gates’ fortune to soar from less than $10 billion to around $130 billion.
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