Austin Capital Management sent an email out to a number of their investors with a picture of four Latino men, three were giving a thumb's up. The caption above and below the picture said, "Important tax reminder: Don't forget to pay your taxes...muchas gracias!... 21 million illegal aliens are depending on you!" It isn't clear who the Latino men in the photograph were or where or when it was taken. The next day, the e-mail made its way to members of the Greater Austin Hispanic Chamber of Commerce. “The content of the email...is beyond offensive to the Hispanic community,” Frank Fuentes, chairman of the U.S. Hispanic Contractors Association, said in the statement. “Messages, such as the one sent out by [the company] serves to do nothing more than propagate fear and fans the fires of ignorance and hatred toward a group that toils tirelessly, in oftentimes underappreciated crafts, for the good of themselves, their families and for ALL individuals who call America their home.”
"It promotes people's hatred towards (all Latino) people who are here in this country and that are here to work to provide for their families," said Rita Gonzales-Garza of the League of United Latin American Citizens (LULAC). "People generalize and think that everybody who looks a certain way must be here illegally and must not be paying taxes and that's not true at all."
David Friedman, the Chief Operation Officer at Austin Capital Management, declined an on camera interview but sent a statement which in part says: “We sincerely apologize to anyone who was offended by this e-mail. Neither Keycorp nor Austin Capital Management authorized or condones the insensitive content of the e-mail or its distribution. Please be assured we take these matters very seriously and will take appropriate action.”
David Friedman, the Chief Operation Officer at Austin Capital Management, declined an on camera interview but sent a statement which in part says: “We sincerely apologize to anyone who was offended by this e-mail. Neither Keycorp nor Austin Capital Management authorized or condones the insensitive content of the e-mail or its distribution. Please be assured we take these matters very seriously and will take appropriate action.”
Some commenters responded to this article with: "When does illegal alien become a race?" A commenter responded: ""illegal alien" becomes a race when you attach, according to the article, "a picture of four Hispanic males with a caption that reads “Muchas Gracias!"" And when people perpetuate stereotypes, the not-so-bright (i.e. Joe the Plumbers of the world) wrongfully generalize it to the Hispanic population as a whole.
Two interesting asides:
1. Austin Capital Management is a hedge fund manager that is currently being sued by investors because of the millions they lost investing with Madoff.
2. When a reporter called the sender of the email, she laughed. She thought it was funny.
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