Tuesday, February 24, 2015

Driven... part 2..Pao

Kate Ford

Fletcher delivered a speech built around the theme “What are the chances?”  that the nation would elect its first black President or that a Fletcher Fellow would read her poem at the Inauguration? He acknowledged his wife, the venture capitalist Ellen Pao, and their 6-month-old daughter, Matilda.

What are the chances, he asked, that he’d be there that day with his beautiful wife?

This last note elicited warm laughter. His friends all knew that Fletcher had, for years, openly dated a man, Hobart “Bo” Fowlkes, an employee of his investment firm, who helped plan the party but was not in attendance. But in the span of a year beginning in the summer of 2007, Fletcher and Pao had met, married, and started a family. The event was infused with a powerful dose of “hope and change.”

Nearly four years later much has changed for Fletcher and Pao though not for the better. After achieving coveted positions in the rarefied world of finance, Fletcher and Pao each filed sensational lawsuits that now jeopardize their careers, no matter the outcome.

Fletcher, 46, sued the iconic Dakota apartment building, located on Manhattan’s Upper West Side, accusing the board of racial discrimination after it questioned his ability to pay for an additional unit in the complex. The lawsuit triggered a series of events that ultimately led to the bankruptcy of one of Fletcher’s funds and investigations by the Justice Department and the Securities and Exchange Commission.

Then, just as Fletcher’s predicament was intensifying, Pao, 43, sued her employer, the venerable venture capital firm Kleiner Perkins, for sexual discrimination, alleging that her superiors ignored her complaints of maltreatment by some male colleagues and curtailed her career for raising the issues.

The truth is stranger than fiction.  See part 1.  

Just a thought.

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