Derek Fisher is drawing criticism for his involvement with a business which bills itself as a private lender of "short-term capital ... using a borrower's luxury assets as collateral," an arrangement which some have been quick to label as predatory.
The business lists Fisher as an executive vice president. He "is responsible for helping to establish the sales targets to meet company objectives, for developing strategic sales plans based on company goals that will promote sales growth and client satisfaction" for the group's sports and entertainment portfolio.
As the president of the National Basketball Players' Association from 2006-13, Fisher played an instrumental role in representing the players' side during the 2010 lockout, although some evidently view Fisher's impact disfavorably.
"Derek Fisher sold us out in (negotiating the 2011 collective bargaining agreement), now he selling us out again," tweeted former NBA All-Star Baron Davis, who played alongside Fisher on the Golden State Warriors from 2004-06. "Athletes (are) going broke .. let’s make money off of that."
It's been a bumpy week for the 44-year-old. Despite being named the head coach of the WNBA's Los Angeles Sparks, Fisher's arrival was overshadowed with concerns surrounding his readiness and fit for the role considering his track record in coaching. The Sparks' hiring process has also drawn criticism after general manager Penny Toler revealed during Fisher's introductory press conference that no other candidates were considered to replace outgoing coach Brian Agler, a 15-season veteran and two-time WNBA champion with 269 regular-season wins to his credit.