Politics

Billionaire CEO with history of sexist comments donated to Scott Perry and Rob Bresnahan

Congressman Scott Perry and Rob Bresnehan both received $6,600 from investment banker Ken Fisher and his wife, Sherrilyn Fisher. Fisher cost his firm nearly $4 billion in 2019 for a history of making sexist and racist comments.

Ken Fisher
In this photo illustration, Fisher Investments logo is seen on a smartphone and in the background. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)

Congressman Scott Perry and Rob Bresnehan both received $6,600 from investment banker Ken Fisher and his wife, Sherrilyn Fisher. Fisher cost his firm nearly $4 billion in 2019 for a history of making sexist and racist comments.

A pair of Pennsylvania Republicans each received $6,600 from a disgraced investment banker and their spouse, according to campaign finance reports. 

The reports show that Congressman Scott Perry (R-York) and Rob Bresnehan, who is challenging US Rep. Matt Cartwright (D-Luzerne), accepted $6,600 from Ken Fisher, a controversial billionaire who has a history of making inappropriate comments about women, and Fisher’s spouse. 

In October 2019, CNBC reported that Fisher cost his firm more than $1.7 billion in assets after comparing marketing mutual funds to propositioning a woman for sex at a bar during a 2018 conference. 

“I mean the, the most stupid thing you can do, which is what every mutual fund firm in the world always did, was to brag about performance, uh, in, in a direct mail piece, which is a little bit like walking into a bar if you’re a single guy and you want to get laid and walking up to some girl and saying, ‘Hey, you want to have sex?,’” Fisher said. 

This comment helped spark a firestorm that would eventually lead to more blowback after some of Fisher’s inappropriate social media posts resurfaced. 

Forbes reported that Fisher once tweeted that Abraham Lincoln was one of his least favorite presidents because of Lincoln’s opposition to slavery. Fisher cited Douglas C. North, an economist and said that slavery would have fallen by the wayside once technology progressed. 

“Douglas C. North proved slavery was profitable at the time of the war. Wait 30 years and technology would have rendered it profitless and slavery would have fallen peacefully,” he wrote. “And had it, African Americans and everyone today would be hugely better off.” 

Fisher eventually would cost his company more than $4 billion dollars for his outlandish comments, according to Bloomberg, after investment banks and pension funds withdrew assets from his company. 

 

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