Fisher Investments loses $3B in institutional assets after CEO makes sexist & derogatory comments at CEO Summit
At the Tiburon CEO Summit in October 2019, Ken Fisher made several sexist and inappropriate remarks. Multiple CEOs later spoke out about his remarks, breaking the Summit's privacy policies that have allowed for CEOs to have candid and honest conversations about challenges facing businesses. Following Ken Fisher's comments, institutional investors, primarily pension funds, and some individuals have pulled approx. $3B from Fisher Investments and he has been banned from future Tiburon CEO summits.