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Iconiq mentioned to fireplace supervisor over outdated intercourse cost amid #MeToo

Huge traders are beginning to take a deeper have a look at the individuals who deal with their cash because the #MeToo motion rages. Considered one of Silicon Valley’s high wealth-management corporations simply confirmed what can occur subsequent.

Iconiq Capital, the San Francisco agency identified for catering to Silicon Valley royalty together with Sheryl Sandberg and Mark Zuckerberg, fired its head of actual property, John Sauter, in February after a background examine by a possible investor unearthed a cost for sexually assaulting a girl virtually three many years in the past, in response to individuals accustomed to the matter. The court docket dealing with the case had ordered it expunged, however Iconiq executives anxious conserving him would damage relations with purchasers, one of many individuals mentioned.

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