Estimated reading time: 0 minutes, 47 seconds

Global asset management behemoth BlackRock fired its head of human resources in July because he engaged in an intimate relationship with a co-worker, Bloomberg reports.

bad 157437 1280When BlackRock’s Jeff Smith left July last year, the firm only noted that “he failed to adhere to company policy,” Reuters reported at the time. Smith, who worked at BlackRock for more than 10 years, was one of two senior executives the firm expelled last year due to workplace relationships, Bloomberg notes.

Philipp Hildebrand, BlackRock’s vice chairman, tells Bloomberg that the dismissals were in line with the firm’s values around its internal culture, but offered no specifics. “Culture is non-negotiable for a great company,” Hildebrand says. “There is no way you can make compromises. And as we said, the behavior we saw is not who we are, and so irrespective of the times, and the standards of the times, you have to preserve your culture.”

Read the full article from Bloomberg.

Read 157 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline