Tuesday, Mar 31, 2015Tuesday, Mar 31, 2015

Billionaire bashed for putting rich-haters on par with Nazis

Published on Jan 28, 2014 1:12 PM

SAN FRANCISCO (AFP) - Billionaire Silicon Valley venture capitalist Tom Perkins was at the center of a social media firestorm on Monday for comparing protests against the rich to Nazi persecution of Jews.

Mr Perkins' publicly stated position even prompted the powerhouse investment firm bearing his name, Kleiner Perkins Caufield and Byers, to say he was not speaking on its behalf.

"Tom Perkins has not been involved in KPCB in years," the venture capital firm that Mr Perkins helped create said in a message fired off at Twitter, which was among its investments. "We were shocked by his views expressed today in the WSJ and do not agree."

Meanwhile, Mr Perkins on Monday was standing behind what he said in a letter published in the Wall Street Joural letter that ignited controversey over the weekend.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!