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Article

26 Oct 2017

Author:
Kaitlyn D'Onofrio, DiversityInc (USA)

USA: 2 Fidelity Investments executives allegedly fired following accusations of sexual harassment

"Sexual Harassment Allegations Rock Fidelity Investments", 23 Oct 2017 

Claims of sexual harassment have allegedly resulted in two executives exiting financial services company Fidelity Investments...

According to [the Wall Street Journal]the two former employees are Gavin Baker and Robert Chow. Baker served as a tech fund manager and allegedly harassed a younger female employee. He was fired from the company earlier this month, with Chairman and CEO Abigail Johnson signing off on the decision.

Chow had been with Fidelity for three decades and in his most recent role was serving as a senior investment manager for private portfolios. According to WSJ, the company “pushed” Chow to resign...

...“Fidelity’s policies specifically prohibit harassment in any form,” the company said... “When allegations of these sorts are brought to our attention, we investigate them immediately..."

...Just last month in an interview...Johnson acknowledged a gender gap in the company.

...In light of the accusations at Fidelity the company may be looking to build a more transparent culture... Brian Hogan, president of Fidelity’s stock funds division...emphasized Fidelity’s “zero-tolerance policy” for harassment and reminded employees they can use a chairman’s hotline “to report any concerns anonymously.”