The man responsible for managing the vast majority of billionaire Bill Gates’ fortune has been the subject of claims including racist remarks, showing nude pictures of women to his staff and making sexist comments, the New York Times has reported.
In an extensive investigation the newspaper said that Michael Larson, who runs Cascade Investments, had created a “culture of fear” where the employee abuses had occurred. Cascade’s sole function is to manage the fortune of Gates and Melinda French Gates, who have turned their wealth into a powerhouse of global philanthropy but are now divorcing.
French Gates and Gates have said they are continuing their work at the foundation. “We continue to share a belief in that mission and will continue our work together at the foundation, but we no longer believe we can grow together as a couple in this next phase of our lives,” French Gates tweeted on 3 May.
