Yes, with respect to the situation of women in your community this is a problem. When you have highly visible people having such behaviour, it cripples down. It is always easier to cripple down bad behaviour than good one. More about it:
http://www.motherjones.com/media/2012/04/silicon-valley-brog...
Can you name a single industry where "sex sells" isn't an accepted marketing consensus ?
It is a fact about how homo sapiens works, and marketers have been using it for millenia for selling everything from medicine to wholesale building materials.
Ignoring a true fact would be a problem, and an irrational action not worthy of anyone who claims to be an engineer or scientist. Not using "sex sells" in advertising would be suboptimal and simply stupid, of course, it has to be done with taste and (at least attempted) respect in order to be effective.
Firstly, I'm going to assume that by 'sex sells' you're referring to the use of sexualised (e.g. through sexy poses, clothing) females or males with little or no relevance to the product, to sell a product.
How about any industry where females make up a large part of your customer base? I think it is pretty hard to argue that, say, the iPhone would be more successful if it's marketing department decided that it would be better to use the idea that "sex sells" to sell their product compared to the type of marketing that it actually uses.
"Sex sells" is never tasteful nor respectful: it's only useful when you're selling your product to a sexist audience. (Obviously this doesn't apply if you're selling sex toys, porn, body image, etc.)