WASHINGTON (Reuters) - The state of Michigan has withdrawn a $ 600 million contract from Fisher Investment Wealth Management after the company's founder and CEO Ken Fisher made sexual comments at an economic summit in San Francisco this week.
During the conference, Fischer compared his wealth management strategy to the strategy of choosing women for sex, said Jeffrey Epstein, an American businessman accused of trafficking girls this year before committing suicide in prison.
A senior official at the Michigan State Investment Office said the withdrawal of the $ 600 million contract was due to "the company's comments are absolutely unacceptable."
Fischer denounced the reaction to his remarks, saying in an interview with Bloomberg that attendees misunderstood his comments and that he "had a lot of talks, and often, and in many places, said things like this, and he didn't get a reaction like this." Start".
Fischer, whose Washington-based firm manages more than $ 100 billion in assets, apologized for his comments last Thursday in a statement. "Some of the words and phrases I used during a recent conference to make clear some points were clearly wrong, and I shouldn't have mentioned them," he said. "I realize that this kind of language has no place in our company or industry ... I sincerely apologize."