Friday, 27 March 2015
Last updated 1 hour ago
Nov 18 2009 | 12:53pm ET
Taking the stand in his own defense, Nomos Capital founder Mark Lowe admitted making frequent off-color jokes but denied that he hired escorts—or a hitman to kill the former employee suing him.
Lowe admitted that he frequently sent sexually explicit e-mails to his female employees, and that he called Jordan Wimmer, the former investor relations executive suing him for £4 million, a “dumb blonde” and “decorative.” But he said the comments were “said entirely as a joke. It was never intended as an insult.”
He said the same of the small mountain of e-mailed jokes at women’s expense, as well as those of a sexually explicit nature.
“The team were adults,” he said. Later, he called the humor selection he sent to his staff “very mild by comparison to some of the jokes I receive from business associates.”
Lowe also defended his hiring practices, saying his “marked preference” for female sales staff was “pure commercial sense.” In one e-mail, he asked Wimmer whether and internship candidate was “cute” or “blonde.”
But he was less glib about Wimmer’s more serious allegations, including accusations that he made sexual advances towards her and hired someone to kill her.
He said he “took exception” to the hitman claims. Lowe also said Wimmer “was always treated in a gentlemanly way.”
He also denied Wimmer’s allegations that he frequently brought prostitutes to business meetings, calling one that he had made payments to an “on-off” girlfriend.
Wimmer is seeking £4 million in damages on claims of sex discrimination, unlawful deduction of wages, unfair constructive dismissal and disability discrimination. She said she was fired in February after spending six weeks at a private psychiatric unit to treat her depression.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…