Bill Gates’ money manager reportedly told a black employee that he “lives in the ghetto” and made sexual comments about his female colleague.


Bill & Melinda Gate
One source told the New York Times that Melinda Gates’ body language during the event suggested she was unhappy. The couple dying soon will be seen at the 2014 TED conference. YouTube / TED
  • According to a NYT report, Bill Gates money manager Michael Larson made racist and sexual comments.

  • The report reveals new details about previous sexual harassment allegations against Larson in 2017.

  • The new report follows other new details about Gates’ personal life following the news of Gates’ divorce.

  • See other articles on Insider’s business page..

Bill Gates and Melinda French Gates money managers made racist and sexual comments about their employees. New reports from The New York Times Anupreeta Das, Emily Flitter, and Nicholas Kulish..

Former Cascade Investment employee is tasked with growing Gates by money manager Michael Larson showing a colleague a picture of a naked woman, publicly judging a female colleague based on attractiveness in front of a male employee. He told Outlet that he fostered a “culture of horror” at the company. ‘wealth.

The report looks like this Gates’ carefully curated public image continues to be elucidated In the wake of his divorce from French Gates.

When former employee Stacy Ibarra told Larson that she was planning to leave Cascade and go to another company, Larson said she had shorted the company’s stock and did so to tease her, the three said. Told the Times. (A Larson spokesperson confirmed to the Times that Cascade had shorted the stock, but said it was not done to tease the thorns).

Sources told outlets that Larson would call employees “stupid” and dubb their work as “garbage.”

In a statement to The Times, Larson said, “A few years ago, early in my career, I used harsh words that I don’t use today. I regret this very much, but I have a lot to change. We did the work. “

Two sources told the Times that Larson also made racist comments on the black thorns. According to the report, after telling him she voted before running on the election day of November 1, Larson said, “But everyone lives in the ghetto and blacks don’t vote. I know. “

According to The Times, Larson, who was unable to reach insiders, denied allegations of misconduct and “some, if not all,” statements. The insider also contacted Larson spokesman Chris Gillio for additional comments on the report.

“During his tenure, Larson managed more than 380 people and had a total of less than five complaints related to him,” Giglio told Times.

“All complaints were investigated, taken seriously, and thoroughly investigated, but nothing deserved Larson’s dismissal,” Giglio added, according to The Times.

Cascade has begun an internal investigation of Larson’s remarks on Ibara, and Gates and French Gates have spoken to Ibara as part of it, sources told the Times.

According to the report, Larson once showed a male colleague a picture of a naked woman and compared it to the company’s HR manager. Separately, a former employee said Larson asked her if she would strip for money. Larson denied both cases to the Times.

The Times also reported that Larson was accused of harassing a woman who runs a majority-owned bicycle shop by a cascade support company. The woman hired a lawyer in 2017 and wrote to Gates and French Gates, threatening to sue the couple if Larson’s alleged progress did not stop. In the letter, the woman said Larson wanted to have sex with her and another woman, a source who read the letter told the Times.

Michael Larson in a hot pink polo shirt and jacket

Michael Larson, Business Manager of Cascade Investment LLC, will attend the Allen & Company Sun Valley Conference on July 10, 2014 in Sun Valley, Idaho. Scott Olson / Getty Images

Times report Last week’s sexual harassment allegations, Wednesday’s report sheds more light on the alleged case.

Gates’ solution was to pay the manager with a settlement, but Frenchman Gates suggested conducting an external review of the issues and labor culture in Cascade, sources told the Times in a previous report. It was.

An investigation by a law firm concluded that the accusation could not be substantiated, and Larson returned to work in Cascade after a leave of absence. A Larson spokesperson told the Times that Larson “wanted to challenge the allegations through the investigation.”

A Gates spokesperson did not immediately respond to the insider’s request for comment.

Cascade Investment was created to manage Gates property and Gates Foundation donations. The Wall Street Journal profile At Larson in 2014, he detailed that his job was to “enrich Bill Gates.”

Gates and French Gates announce that they will end their 27-year marriage May 7th.

A few weeks after the announcement of the divorce, questions are swirling Couple’s immense $ 130 billion fortune, Their ongoing efforts at the Bill & Melinda Gates Foundation, Inheritance of their children, And other factors related to Gates’ personal behavior, such as his relationship with Microsoft staff in 2000.Gates spokesperson Confirmed the case And he said it was “friendly.”

Gates reports relationship with convicted sex offender Jeffrey Epstein It has resurfaced since the news of divorce was reported.Gates Told the journal In 2019, he did meet a financier, but he had no “business relationship or friendship with him.”

Editor’s Note: Earlier versions of this story said the Times reported that Larson had been accused of exposing himself to a woman who runs a bike shop. The Times then removed this claim from the report. A Larson spokesman told insiders that the claim was not true.

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