Guess shares slump after model Kate Upton tweets about exec

(Reuters) - Guess Inc shares fell more than 17 percent on Thursday following a tweet by model and actress Kate Upton accusing the company’s co-founder of using his power to harass women.
“It’s disappointing that such an iconic women’s brand @GUESS is still empowering Paul Marciano as their creative director #metoo”, the model tweeted on Wednesday, using a popular hashtag designed to highlight the wide spread of sexual harassment.

“He shouldn’t be allowed to use his power in the industry to sexually and emotionally harass women #metoo”, Upton tweeted, without elaborating.

A representative for Upton, who modeled for Guess in 2011, did not respond to requests for comment on Thursday.!