Yesterday, Bloomberg released a report detailing multiple sexual harassment claims made against venture capitalist Shervin Pishevar. Pishevar was an early investor in Uber, and was accused of making unwanted advances towards work associates.
Sarah Lacy, CEO and editor of Pando Daily, joins Cheddar to break down the Bloomberg report and the news. Lacy says she wasn't surprised by the allegations because of her own personal experiences with Pishevar. She also noted that the venture capitalist was known in the industry for morally questionable behavior.
Lacy says she hopes there are repercussions for Pishevar's behavior. She categorized his actions as similar in severity to Hollywood gatekeeper Harvey Weinstein. Lacy feels he should be stripped of his power, and dismissed from his firm. She says Shervin Pishevar is another example of the ongoing issue of bro culture and sexual harassment in Silicon Valley.
It’s an annual tradition: the Fed’s banking ‘stress test.’ A year after the regional banking crisis, there are good reasons to make sure they’re prepped.
Summer is upon us, which means weddings, trips overseas, and trips to see Taylor Swift. Avoid a “Cruel Summer” with these budget-friendly tips and tricks.
While Nvidia's meteoric rise led it to briefly dethrone Microsoft as the world's biggest public company, there's a lot more going on in this market than A.I.
The Russian company said in a statement that the Commerce Department's decision would not affect its ability to sell its cybersecurity products in the U.S.