Sex and the Valley

Master Hedge Fund of Buddy Fletcher, Ellen Pao’s Husband, Files for Bankruptcy

The move could give Ms. Pao a motive for filing suit.
 Master Hedge Fund of Buddy Fletcher, Ellen Paos Husband, Files for Bankruptcy

(Photo: KPCB)

The gender discrimination suit filed by Kleiner Perkins partner Ellen Pao against her employer has hit a potential snag. The hedge fund run by Ms. Pao’s husband, Alphonse “Buddy” Fletcher, has filed for bankruptcy, according to Dan Primack at Fortune.

Mr. Primack points out that while the bankruptcy and the suit could easily be unrelated, the possibility of family financial disaster could provide a motive for Ms. Pao seeking damages against the company.

He writes:

If Kleiner Perkins did what Pao claims, then its motivation for lying would be fairly obvious: Protect its reputation and its assets.

If Pao is the one making up stories, now we have a possible explanation as for why: She needs a big, and quick, payday to help salvage her family’s deteriorating financial situation.

Mr. Fletcher also has as somewhat litigious past, a fact some proponents of Kleiner Perkins have brought up in defense of the firm.

Of course, this could mean nothing and everything, but both points do make the landmark lawsuit rather murky.

Follow Jessica Roy on Twitter or via RSS. jroy@observer.com

Comments

  1. I would like to recommend a website to all that have experienced infidelity, hopeandhealing.org. This is a Christian based group that helps couple whose relationship has been ravaged by infidelity. My husband and I attended a weekend retreat in San Francisco area with this group. It was very helpful for me and since attending a few months ago I’ve kept in contact with one of the leaders and several of the hurt spouses. It has been great to share with people that understand and are in your shoes. So many others, family and friends don’t understand. And to trinker, did you ever seek help after the previous affair? Counseling, reading a book or anything else to heal? About 10 years before my husbands affair he had a brief emotional affair and instead of really getting to the core issues we swept it under the rug because it was too painful. Wow was I dumb!!! If we had done the work we have now figuring out what led to this and really working hard to meet each others emotional needs we may never have experienced this. I would suggest counseling or reading the book suggested above, of she is unwilling to do these things I would then seriously think about myself and protecting my heart. From what you said about your earlier relationship you know and understand how painful this can be, I don’t know about you, but I never want to experience this pain ever again. My best you and your marriage.