REUTERS: Wells Fargo & Co Chief Executive Officer Charles Scharf has apologized for making insensitive remarks around race and diversity, seeking to quell a row over his references to a shortage of talent among minority groups.
"There are many talented diverse individuals working at Wells Fargo and throughout the financial services industry and I never meant to imply otherwise," Scharf said in a statement on Wednesday. The remarks on a shortage of candidates were widely criticized after the Reuters report was published on Tuesday."Perhaps it's the CEO of Wells Fargo who lacks the talent to recruit Black workers," U.S. Democratic Representative Alexandria Ocasio-Cortez said in a tweet.
As the head of the largest U.S. bank by number of employees, he has pledged to double the number of Black leaders over five years and tied executive compensation to reaching diversity goals.
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