Wall Street may have its own Harvey Weinstein problem


Fidelity Investments, one of the world’s largest investment firms, has pushed out two high-level executives over the past few weeks amid sexual harassment complaints, according to two people familiar with the allegations.

Former portfolio manager C. Robert Chow resigned earlier this month and Gavin Baker, a prominent tech fund manager, was fired by the company in September, according to the people, who were not authorized to speak publicly about the cases. Chow and Baker could not be immediately reached for comment. Their dismissals were first reported by the Wall Street Journal.

Fidelity declined to comment on specific employees, but spokesman Vincent Loporchio said in a statement that its policies “prohibit harassment in any form.  When allegations of these sorts are brought to our attention, we investigate them immediately and take prompt and appropriate action. We simply will not, and do not, tolerate this type of behavior.” Fidelity has also hired an outside consultant to review employee behavior in its stock-picking unit, according to one of the people familiar with the allegations.

Chow was accused of making inappropriate sexual comments to colleagues and Baker allegedly harassed a 26-year-old employee. Both worked in the company’s powerful stock-picking division. An unnamed spokesman for Baker told the Wall Street Journal that he “strenuously” denies the allegations.

[contentcards url=”https://www.washingtonpost.com/news/business/wp/2017/10/22/fidelity-jettisons-two-senior-executives-amid-sexual-harassment-complaints/?utm_term=.71d2694cfa8e” target=”_blank”]
No Comments Yet

Leave a Reply

2021 © True Pundit. All rights reserved.