Franklin Templeton fired an employee after a confrontation she had with an African American man in Central Park that was captured on video.
The video shows a white woman with an unleashed dog in a wooded area of the park calling the police.
“There is an African American man,” she said. “He is recording me and threatening myself and my dog.” The video was posted to Twitter by the man’s sister, who wrote that he is an avid birdwatcher and had asked the woman to put her dog on a leash. The man, Christian Cooper, also posted the video online.
The woman, Amy Cooper, the head of insurance investment at the company, issued an apology on CNN.
Cooper’s behavior drew a backlash on social media. After the video was posted on Monday, the firm placed her on leave. Tuesday afternoon, it announced her termination.
“Following our internal review of the incident in Central Park yesterday, we have made the decision to terminate the employee involved, effective immediately,” a spokeswoman said in a statement. “We do not tolerate racism of any kind at Franklin Templeton.”
The company didn’t name the employee.
“I’m not a racist,” Cooper told CNN. “I did not mean to harm that man in any way. I sincerely and humbly apologize to everyone, especially to that man, his family.”
She added that her “entire life is being destroyed.”
Central Park rules state that dogs must be leashed at all times in the Ramble, the area where the woman was with her dog.
Franklin Resources Inc. is the parent of Franklin Templeton.
A $141M judgment and a federal asset freeze collide over one shrinking pool
The firm's CFO and EVP of Wealth Management Solutions are the latest executives to exit the broker-dealer.
Clients are saying they would consider switching advisors if another professional offered estate planning services, according to a new Trust & Will survey.
CEO Laurel Taylor says the fintech's composable AI stack helps workers optimize dollars across Trump Accounts, 529s, 401(k)s, and other employee benefits.
The bank has swiped three private banking veterans from BNY as the city climbs the ranks of America's fastest-growing wealth hubs.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.