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    McCormick Under Fire: Allegations of Silence and Intimidation at Bridgewater

    2 hours ago
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    Photo byDavid McCormick for Senate

    PENNSYLVANIA — Connecticut hedge fund CEO and political figure David McCormick faces mounting criticism from Pennsylvanians after reports surfaced about his involvement in silencing allegations of sexual misconduct at Bridgewater Associates. At this investment firm, he served as CEO. Accusations by Democrats against McCormick include pressuring employees to stay silent about unwanted sexual advances and coercing a former employee to be a "supportive public presence" despite her allegations of impropriety.

    Senator and Public Figures Speak Out

    Pennsylvanians, including U.S. Senator John Fetterman and State Representative Jessica Benham, have publicly condemned McCormick, emphasizing that "women deserve better." While specific statements from these officials were not detailed in the press release, their public outcry signals broader disapproval of McCormick's actions and the toxic culture reported at Bridgewater.

    Silencing Allegations: A Pattern of Pressure and Intimidation

    According to reports from various Pennsylvania news outlets, McCormick played a key role in handling sexual misconduct allegations at Bridgewater. In one notable instance, Katina Stefanova, a former employee, accused then-CEO Greg Jensen of inappropriate behavior during a company event. Despite Stefanova's insistence on the veracity of her claims, McCormick allegedly pressured her to downplay the incident, suggesting she was not being a "supportive public presence." The encounter left Stefanova feeling that McCormick and Ray Dalio, Bridgewater's founder, were using their influence to suppress her story.

    Legal Threats to Maintain Silence

    Other accounts describe how McCormick allegedly warned female employees about potential legal battles if they spoke out. One former employee, who had raised concerns about a male colleague's inappropriate behavior, recounted that McCormick told her she would be "mired in litigation" if she broke her silence. The report suggests a broader pattern of intimidation at Bridgewater, where women were pressured to conform and discouraged from speaking up against misconduct.

    A Culture of Fear and Retaliation

    The troubling accounts extend beyond individual incidents to a broader culture of fear and pressure within Bridgewater. Some women reported feeling generally afraid of male colleagues, with one employee even receiving a bizarre request from her boss to track her intimate relations on a calendar. The environment reportedly forced many women into uncomfortable situations, with the implied threat of severe repercussions if they failed to comply with the company's demands.

    McCormick's Response: A Deafening Silence

    While McCormick's campaign has not directly addressed these specific allegations, the silence from his team only adds to the public's concern. The lack of a clear response from McCormick raises questions about his commitment to fostering a safe and respectful workplace, both in his business endeavors and his political aspirations.

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