Diamond International’s Internal Investment Consultant Fired After ‘Rape Culture’ Allegations

Diamond International’s Internal Investment Consultant Fired After ‘Rape Culture’ Allegations

July 14, 2021 Comments Off on Diamond International’s Internal Investment Consultant Fired After ‘Rape Culture’ Allegations By admin

Posted February 09, 2018 07:00:02Diamond International has fired an internal investment consultant who was fired for “raping culture,” according to a statement issued Tuesday.

The company’s board has voted to terminate the contract of Richard Cappelli, who is now a director of the company’s global private equity arm.

Cappella’s termination is effective immediately and is subject to approval by Diamond International shareholders.

Diamond International said it would be reviewing the circumstances of Cappellis termination and would respond to the board’s decision.

The board of directors said in the statement: “We have an extremely committed and supportive team at Diamond International that will continue to serve our shareholders.

Richard Capps termination is a sad and unfortunate development that we have not yet seen the full extent of.”

Diamond International is the world’s third-largest private equity firm and has invested more than $1.7 billion in companies including the tobacco giant Philip Morris and its U.S. subsidiary Altria.

The firm was founded in 2000 and its global private investment arm is known as the D.I.A.P.C.C., after a diamond that is cut into a block and placed in a slot in a diamond cut.

The diamond is then embedded in a stone.

The firm holds more than 90 percent of the global market for diamond.

Its main investment vehicle, the Diamond Group, is based in New York and is the largest private equity investment firm in the world.

The company is the only publicly traded private equity fund to have a net income of $5.7 trillion.

In an interview with CNNMoney last year, Cappello said he was “not a bad person” and said he believed the firm would be better off if it did not invest in companies that have engaged in sexual harassment.

“If you’re going to invest in the future, you want to make sure that your investments are going to be protected and that the companies that are going forward don’t engage in any of that kind of behaviour,” Cappllis told CNNMoney.

Cappella said in a separate interview with The Wall Street Journal last month that he had been fired from the firm last year after he accused several executives of sexual harassment, saying they had failed to protect his interests.

In a statement Tuesday, the company said it had fired Capplla, saying he was terminated “based on the findings of internal investigation” and because he had “repeatedly engaged in inappropriate and offensive behavior.”

Diamond’s board said in its statement that the board of the firm had determined that Cappells conduct was unacceptable and that “the board will be taking appropriate action as soon as we are fully satisfied with the findings.”

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