Skip to content
Brand AI

Franklin Templeton Investments

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

Back to profile2 entries

  1. 2023

    Reported political-education requirements for China-based executives

    Bloomberg News reported that Franklin Templeton executives in China were required to attend courses concerning Xi Jinping Thought. The report highlighted the political and regulatory pressures faced by international financial firms operating in China.

    Source

  2. 2021

    Amy Cooper sues Franklin Templeton over her firing

    Lawsuit filed

    Amy Cooper sued Franklin Templeton and related defendants, alleging that the company mischaracterized her as racist, publicized the incident, and falsely claimed to have investigated before firing her. The lawsuit also alleged race- or gender-based disparate treatment; these are allegations, not court findings.

    Company response

    • Denial — Franklin Templeton

      “We believe the circumstances of the situation speak for themselves and that the Company responded appropriately,” Franklin Templeton told Bloomberg Law on Wednesday in an email. “We will defend against these baseless claims.”

    Source excerpt

    • Franklin Templeton would have conducted a proper investigation before firing her if she was of a different race or a different gender, Cooper said.
    • Franklin Templeton characterized a former employee as “racist” for calling the police on a Black birdwatcher whom she had words with while walking her dog in Central Park, publicized the incident on Twitter, and falsely claimed it conducted an investigation before firing her, according to a lawsuit filed in federal court in Manhattan.
    • The case is Cooper v. Franklin Templeton, S.D.N.Y., No. 1:21-cv-04692, complaint filed 5/25/21.
    Source