President Joe Biden and congressional Democrats would face steep hurdles if they were to replace Federal Deposit Insurance Corporation Chairman Martin Gruenberg in the wake of an explosive report that detailed “abusive” and “unprofessional conduct” at the agency under his watch.
The incidents span from field offices to headquarters in Washington, and “arose within a workplace culture that is ‘misogynistic,’ ‘patriarchal,’ ‘insular,’ and ‘outdated’ — a ‘good ol’ boys’ club where favoritism is common, wagons are circled around managers, and senior executives with well-known reputations for pursuing romantic relations with subordinates enjoy long careers without any apparent consequence,” the report states.
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