USA Today Network: McCormick “Pressed Former Bridgewater Employees to Remain Silent About Unwanted Sexual Advances”

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PENNSYLVANIA — On Sep 8th, ABC27’s This Week in PA with Dennis Owens highlighted a new report that David McCormick pressed Bridgewater Associates employees to remain silent about unwanted sexual advances they said they experienced at the company. 

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This Week in Pennsylvania:

• Danielle Gross: “On Sep 9th, the news hit that when Dave McCormick was CEO of Bridgewater Associates, he pressured women to keep quiet about unwanted advances they faced when he was CEO […] That kind of behavior as we’ve seen in Pennsylvania does not play well with any voters, in particular women.” 

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As Bridgewater CEO, David McCormick pressed former Bridgewater employees to remain silent about unwanted sexual advances they said they experienced at the company.

• McCormick pressured an employee to be a “supportive public presence” after she reported harassment by another senior official. 
  • “In one case, a female employee accused then-CEO Greg Jensen of grabbing her bottom during a party. […] The book describes how years after the fact, Dalio called her to a meeting with McCormick, purportedly to discuss her business venture.” [Erie Times-News, 9/6/24]
  • “During the sit-down meeting at a diner, McCormick brought up that he’d heard journalists were looking into allegations of impropriety by Jensen and others at Bridgwater…‘McCormick piped up, leaning in, “Maybe the issue is that you aren’t being a supportive public presence for us.” Finally, Stefanova understood the urgency of the meeting. … Dalio and McCormick had just wanted to remind her that they had the power to destroy her business if she didn’t toe the line.’” [Erie Times-News, 9/6/24]

• McCormick reportedly told another female employee who had been sexually harassed that “she would be in litigation for the rest of her life” if she broke her silence.
  • “Another time, a female Bridgewater employee complained that a male colleague was making her feel uncomfortable; at one point, she said the man cornered her in a conference room late in the evening, and she threatened to press charges against him if he continued to approach her, according to the book.” [Erie Times-News, 9/6/24]
  • “Ultimately, Copeland writes, the woman left “with a severance and settlement that barred her from talking about her experience. ‘Shortly before leaving, she also received an unexpected in-person visit from Bridgewater co-CEO David McCormick. He told her that if she ever broke the agreement, she would be in litigation for the rest of her life.’”[Erie Times-News, 9/6/24]