Guess co-founder Paul Marciano Steps Down Following Sexual Abuse Investigation And Disclosure Of Settlements

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Guess co-founder Paul Marciano resigned Monday as executive chairman of the board after the company paid settlements to women who accused him of sexual harassment.

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According to an SEC filing made by the company Tuesday, disclosing settlements for disgraced Marciano included “claims of inappropriate comments and texts, and unwanted advances including kissing and groping.”

 

It continues, “Investigators interviewed more than 40 people and reviewed approximately 1.5 million pages of documents, including emails, human resources and legal department files, social media messages, video and audio recordings, photographs, travel itineraries, calendar entries, agreements, invoices and financial records.”

 

Marciano announced his resignation to the board on Monday following findings from the special committee’s investigation into his conduct. Guess’ review concluded he did exercise “poor judgment” when working with models, and placed “himself in situations in which plausible allegations of improper conduct could, and did, arise.”

 

Guess paid a total of $500,000 in settlements to five women “to avoid the cost of litigation and without admitting liability or fault.”‘

Written By: Tommy Lightfoot Garrett
Photographs are Courtesy:  Guess
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