Woman in Central Park video fired by Franklin Templeton

Woman in Central Park video fired by Franklin Templeton
Amy Cooper, head of insurance investment for the fund company, called the police on an African American man who asked her to put her dog on a leash
MAY 26, 2020

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.

Latest News

Texas man says SEC and fund could make him pay twice
Texas man says SEC and fund could make him pay twice

A $141M judgment and a federal asset freeze collide over one shrinking pool

Osaic executives Kristy Britt and Greg Cornick to leave
Osaic executives Kristy Britt and Greg Cornick to leave

The firm's CFO and EVP of Wealth Management Solutions are the latest executives to exit the broker-dealer.

Estate planning becomes a client retention issue for financial advisors, survey finds
Estate planning becomes a client retention issue for financial advisors, survey finds

Clients are saying they would consider switching advisors if another professional offered estate planning services, according to a new Trust & Will survey.

Candidly adds AI agents for Trump Accounts, workplace benefits
Candidly adds AI agents for Trump Accounts, workplace benefits

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.

BMO adds three advisors in Dallas amid Y'all Street wealth boom
BMO adds three advisors in Dallas amid Y'all Street wealth boom

The bank has swiped three private banking veterans from BNY as the city climbs the ranks of America's fastest-growing wealth hubs.

SPONSORED Who builds the income when the pension disappears?

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

SPONSORED Why direct indexing stopped being optional

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.