FAST FIVE: Finance Conference Outraged After Billionaire Ken Fisher Shocks With Crude Sexual Remarks
Finance Conference Outraged After Billionaire Ken Fisher Shocks With Crude Sexual Remarks At a financial services conference in San Francisco on Tuesday, billionaire Ken Fisher – whose firm manages more than $100 billion (for now, at least) – shocked attendees when he compared gaining a client's trust to “trying to get into a girl's pants,” according to Bloomberg.
We were like: 'Wait, did that really just happen?'” Doubling down on his jarring remarks, Fisher also noted that executives who were “not comfortable talking about genitalia should not be in the financial industry.” (Maybe because it's inevitably going to come up when discussing long-term wealth building strategies, right?).
Robasciotti also said Fisher referenced dropping acid and likened his employees to cattle who needed to be branded. Alex Chalekian, founder of Lake Avenue Financial, posted a video on Twitter calling the remarks “absolutely horrifying.” Chalekian conceded that “the way the summit is set up, it's meant to allow many of these icons in the industry to be comfortable, and talk among their peers” before continuing by saying “But I just had to open up and mention how disgusted I am.” I'm truly disgusted.
To the extent he and any others were offended I apologize truly and sincerely.” After reports of Fisher's comments made their rounds on Wednesday, Fisher followed up by telling Bloomberg: “I have 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.
One astute Twitter observer did a great job summarizing the key points of Fisher's presentation: 3.