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Sam Zell

Sam Zell uses vulgarity while saying he promotes women on merit

Sam Zell uses vulgarity while saying he promotes women on merit

Real estate investor Sam Zell, asked at a conference Wednesday about gender diversity and the #MeToo movement, said he has promoted women based on merit. Then he used a vulgarity.

"I never promoted a woman because she was a woman. I never demoted a woman because she was a woman. My issue is what do you do, what do you produce, how do you interrelate to the rest of the business," Zell, chairman of Equity Group Investments Inc., said at the REITweek investor conference in Manhattan.

"I don't think there's ever been a, 'We gotta get more p---- on the block, OK?'" Zell, 76, added, eliciting gasps and laughter from the hundreds at the...

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