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Investor Ken Fisher loses $600 million contract after making sexist comments at summit
Fisher was initially defiant amid the backlash in an interview with Bloomberg, in which he said he had "given a lot of talks, a lot of times, in a lot of places and said stuff like this and never gotten that type of response."
The state of Michigan has pulled $600 million of its pension fund from wealth management company Fisher Investments after the company’s founder and CEO Ken Fisher made sexist comments at a summit in San Francisco this week.
In the audio obtained by CNBC, Fisher said at the Tiburon conference: “Money, sex, those are the two most private things for most people,” so when trying to win new clients you need to be careful.
“It’s like going up to a girl in a bar … (inaudible) …going up to a woman in a bar and saying, hey I want to talk about what’s in your pants,” he said.