For 27 years, Bill Gates has entrusted the management of his enormous wealth and the endowment Speed dating rochester mn his giant foundation to a single man: Michael Larson. Thanks in part to Mr. But Mr. Larson, 61, also engaged in a pattern of workplace misconduct at Mr. He openly judged female employees on their attractiveness, showed colleagues nude photos of women on the internet and on several occasions made sexually inappropriate comments.
He made a racist remark to a Black employee.
He bullied others. When an employee said she was leaving Cascade, Why i cuckold. Larson retaliated by trying to hurt the stock price of the company she planned to .
Over the years, at Daytona hook up six people — including four Cascade employees — complained to Mr. Gates about Mr. Larson, according to former employees and others with direct knowledge of the complaints.
Several of them also complained to his wife, Melinda French Gates. Cascade made payments to at least seven people who witnessed or knew about Mr. Even as Cascade grew to more than employees and to manage more money than most Wall Street hedge funds, the perception that Mr. Larson had Mr. Larson still runs Cascade.
Gates for years regularly spent time with Jeffrey Epsteinwho faced accusations of sex trafficking of girls — a relationship that was among the factors precipitating Ms. And on at least a few occasions, Mr. Gates acknowledged he had an affair with an employee. Gates stepped down from the board last year. Larson and Chris Giglio, his spokesman, denied some but not all instances of Mr. Giglio said. Giglio and Bridgitt Arnold, a spokeswoman for Mr.
Courtney Wade, a spokeswoman for Ms. She was unaware of most of these allegations given her lack of ownership of and control over B. Some former Cascade Dating culture in england declined to comment because of nondisclosure agreements that prohibit them from discussing their time at the company.
Make informed decisions with the ft
Others spoke on the condition of anonymity because they feared retribution. Years after they left Cascade, a few found talking about Mr. Larson so upsetting that they could hardly speak.
Before Mr. Larson, Mr. Evans, a longtime friend who had ly served a six-month prison sentence Crystal names az bank fraud. Gates visited him in jail. But when Mr. Gates sought out a new money manager. The next year, he hired Mr. Larson, who ly was a fund manager at Putnam Investments. InCascade was incorporated in Washington State. The generic-sounding name with no reference to Mr. Gates allowed Mr. Larson to run a vast investment operation with a low public profile.
‘you live in the ghetto’
The firm is in the same office park in Kirkland, Wash. Inwhen Cascade needed a new human resources executive, the company hired a Microsoft veteran. Larson regularly hired people fresh out of college or in the early stages of their careers. Graduates of Claremont McKenna College, his alma mater, were a particular favorite.
The college has several scholarships endowed by Mr. Some employees saw working at Cascade as a way to make the world a better place. Others said they were star-struck by the idea of working for Mr. Gates, Elizabeth New Jersey individual adult matchs friend founded Microsoft in with Paul Allen. Throughout his tenure, Mr. Larson earned steady returns for Mr. He invested largely in undervalued, old-fashioned stocks, eschewing hot tech companies.
When the dot-com bubble burst inthe strategy paid off. Larson also shielded Mr. Larson branched out into real estate and high-end hotels.
He bought a He acquired vast tracts of land that by some estimates make Mr. Gates the largest private owner of farmland in the United States. Chasing the highest returns was not the main goal.
In the spring ofStacy Ybarra decided to quit her job at Cascade to the internet company InfoSpace. Ybarra, then 30, had ed Cascade three years earlier as an investor relations analyst.
After she announced her planned departure, Mr. Larson became so angry that he shorted the stock of InfoSpace, according to three people familiar with the episode. Two of the people said they saw Mr. Larson told Ms. Giglio confirmed that Cascade shorted the stock but denied that Mr. Larson did it to spite Ms. At the same time, Mr. Larson repeatedly pressured Ms. Ybarra to remain at Cascade.
She ultimately agreed to stay.
On Election Day that November, Mr. Larson asked some Cascade employees in the office about the best time to go vote. Ybarra, who is Black, replied that she had voted that morning without having to wait in line. At least one employee at Cascade complained to human resources about Mr. The complaint made its way Gloryholes los angeles Mr. Gates and Ms. French Gates, who later spoke to Ms. Ybarra as part of an internal investigation, according to people familiar with the matter. In Januaryshe quit Cascade, received a small payout and agreed to not speak about the firm in the future.
Two ways to read the story
He added that it is standard procedure at Cascade to have employees confidentiality agreements when they get severance packages. In NovemberMr. French Gates were sent another complaint about Mr. This one was from Robert E. Sydow, a California fund manager who had been close friends with Mr. Larson and whose firm, Grandview Capital Management, Mr. Sydow wrote a How to control a man in a relationship letter to the Gateses accusing Mr.
The dispute, Mr. Sydow wrote, came after Mr. Sydow warned Mr. Sydow, the godfather to one of Mr. Larson seeking to punish employees who left Cascade and retaliating against those who cooperated with the investigation into his treatment of Ms. Ybarra, among other things. Sydow wrote.