San Francisco tech CEO steps down from company, enrolls in 'anti-racist program' after tirade against Asian family

Michael Lofthouse has resigned as CEO and cut all business ties with his San Francisco-based tech company Solid8 after a video surfaced showing him making racist comments to an Asian family.

In a statement provided to Fox Business, Lofthouse doubled down on his previous apology and said he severed his business ties in order to prevent further harm to those closest to him.

“It is with regret that my initial statement and apology did not go far enough in addressing my behavior in Carmel last weekend and the steps that I need to take. I can confirm that I have stepped down from Solid8, terminating all business relationships with immediate effect," he said.

"I will make it my duty to ensure my personal actions do not continue to have a detrimental impact on those people closest to me. I have once again begun my journey back to sobriety and have enrolled in an anti-racist program with immediate effect. My comments towards the families involved were racist, hurtful and deeply inappropriate. The reactions to what was said have been deserved and I wholeheartedly acknowledge that I am complicit in a system that enables this behavior and these broken beliefs to exist but I am dedicated to changing."

Earlier this week, Jordan Liz Chan posted a video of the encounter, which took place at Lucia Bar & Restaurant inside the Bernardus Lodge & Spa in Carmel Valley, Calif.

Chan said t... (Read more)

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