Ken Fisher’s very expensive mistake

The consequences for Ken Fisher of sprinkling lewd, sexist comments into a public address are getting more expensive as every day passes. Investors have pulled $2 billion and counting from the billionaire’s money management firm in the two weeks since he compared winning business to “getting into a girl’s pants” (among other things) during a speech at a prominent hedge fund conference.

The problem, said influential adviser NEPC (which recommended investors go elsewhere) wasn’t so much the remarks alone but what happened afterwards—namely, Fisher’s refusal to apologize. That’s not a good look for most professionals, let alone money managers who earn generous fees for knowing which way the wind is blowing. NEPC wrote that Fisher’s “lack of understanding and appropriate contrition” ultimately led them to “question the sustainability of the firm.” —Janet Paskin

A harassment scandal at a top Silicon Valley law firm worsened this week, with ex-partner Louis Lehot releasing emails to undercut assault allegations leveled against him. That day, another woman said she was “afraid” of him.

Democratic presidential candidate and South Bend, Indiana, Mayor Pete Buttigieg outlined his “women’s” agenda, which includes reauthorizing the Violence Against Women Act and combating online harassment.