Cascade Investment - Wikipedia Buffett is one of the Gates Foundations three board members alongside Gates and French Gates, but has no involvement in investment decisions of the endowment, according to the foundation. The Times reported that a lawyer sent the Gateses a letter alleging that Larson had been sexually harassing a woman who managed a bike shop. Michael Larson, manager of Gates' $170 billion who was supposed to keep them out of the news Bill and Melinda Gates' divorce announcement cracked the curated image. These guys have discretion over the money we give them, but if I dont agree with their take on interest rates or the yen, Ill override them by hedging, Larson says. The company delivers comprehensive science-based solutions, data-driven insights and world-class service to advance food safety, maintain clean and safe environments, and optimize water and energy use. Cascade doesnt disclose its overall investment performance, but financial reports from the foundation offer clues. (which is wholly owned by Mr. Gates) and the Bill & Melinda Gates Foundation Trust own in the aggregate approximately 15% of Republic Services, Inc.'s common stock. since 1994. In 1994, Larson and his wife moved to Seattle. He is the chief investment officer for the Bill & Melinda Gates Foundation, and Bill Gates' personal fortune through Cascade Investment. Unflattering details spilled out, including a report that Larson allegedly harassed & bullied some employees. Agricultural, construction, forestry, outdoor power and turf maintenance equipment. Language links are at the top of the page across from the title. Cascade is the personal investment entity of William H. Gates III, the sole member of Cascade. Basically we are short on the yield curve right now, Larson says, again reflecting his wary view of the markets. Source: getty. Larson, 61, has admitted that he sometimes used harsh language, as alleged in the Times reporting, but denied that he mistreated staff. Recently, Gates' equity has been shifted around (for example, the foundation just sold all of their Apple and Twitter stocks). Michael Larson runs a tight ship with his employees as well. Cascades assets have periodically been boosted by proceeds from the sales of Gatess Microsoft stock. Sign up for notifications from Insider! Since we are obviously heavily weighted with Microsoft, we will sell stock periodically in order to get more diversity. At Ecolab Inc., we promise to treat your data with respect and will not share your information with any third party. Gates $5 billion personal portfolio is another matter. Cascade has around 100 employees, who, when traveling on business, must stay at a low-cost hotel, not the Four Seasons, despite the fact that Cascade owns a large chunk of the hotel chain. That figure also includes funds run by outsiders. After submitting your request, you will receive an activation email to the requested email address. If you experience any issues with this process, please contact us for further assistance. Cascade held investments in oil and gas companies until 2019, Gates said in his recent book about climate change. Michael Larson (businessman) - Wikipedia In a March Ask me anything event on Reddit, a user asked about his purchases of farmland. Read More . Cascade Investment Email Format. The two foundations merged to form the Bill & Melinda Gates Foundation during 2000. cookies So after the deal, index managers had to sell Berkshire, depressing the price.. Cascade Investment paid settlements to at least seven people who witnessed Larson's behavior, The Times reported.
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