"Following our internal review of the incident in Central Park yesterday, we have made the decision to terminate the employee involved, effective immediately," a spokeswoman for the company said in a statement. "We do not tolerate racism of any kind at Franklin Templeton."
In the video posted on Facebook, the woman takes out her phone and says she will tell the police there is "an African American man threatening my life". The man, Christian Cooper, is taping her on his phone.
Christian Cooper speaks with NBC New York about the incident in Central Park.
In a statement issued on Tuesday after she was fired, Amy Cooper expressed regret over the incident.
"I want to apologise to Chris Cooper for my actions when I encountered him in Central Park yesterday," she said. "I reacted emotionally and made false assumptions about his intentions when, in fact, I was the one who was acting inappropriately by not having my dog on a leash."
Cooper added that she was "well aware of the pain that misassumptions and insensitive statements about race cause" and never imagined she would be involved in such an incident.
Christian Cooper could not be reached for comment.
"I videotaped it because I thought it was important to document things," he said, according to CNN. "Unfortunately we live in an era with things like Ahmaud Arbery, where black men are seen as targets. This woman thought she could exploit that to her advantage, and I wasn't having it."
Some took to Twitter to applaud Franklin Templeton's decision, and encouraged the firm to assess her record of potential workplace discrimination.
Franklin Templeton declined to comment beyond its public statement.
Central Park rules state that dogs must be leashed at all times in the Ramble.
Franklin Resources is the parent of Franklin Templeton.
Bloomberg
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