"I've worked in the financial services industry for many years, and it's clear to me that, across the industry, we have not done enough to improve diversity, especially at senior leadership levels," Scharf said in a statement on Wednesday.
He also made the assertion in a company-wide memo June 18 that announced diversity initiatives as nationwide protests broke out following the death of George Floyd, an unarmed African-American man, in police custody. "I've worked in the financial services industry for many years, and it's clear to me that, across the industry, we have not done enough to improve diversity, especially at senior leadership levels," Scharf said in a statement on Wednesday."Perhaps it's the CEO of Wells Fargo who lacks the talent to recruit Black workers," U.S. Democratic Representative Alexandria Ocasio-Cortez tweeted.
The CEO of the largest U.S. bank employer has pledged to double the number of Black leaders over five years and tied executive compensation to reaching diversity goals. He is also requiring hiring managers to consider diverse candidates for high-paying roles that are vacant and ensure diversity on interview teams.
Not good enough to apologise just because you've been caught. This guy should be history
He's 100% correct. For a job requiring a relatively high level of intelligence, the of black candidates is dwarfed by of white candidates. And given diversity quotas, those high IQ blacks are in extremely high demand.
Oh well... ok then, maybe we should give him a golden parachute and he can retire !
Too bad he apologized, his comment was accurate. Funny how the truth gets liberals mad.
He ain’t sorry! 😏😏😏
As soon as I see an article that starts out “ Wells Fargo” ; I’m sure it’s going to be about some other slimy thing they’ve done. But don’t worry, they won’t do it again.
Truth is no longer tolerated . You can’t hire people who have no education.
WellsFargo WellsFargoJobs That's ok, save it. He said, what he said.
Usually this means that they don’t have enough applicants who have top schools and impressive internships on thier resumes. Working class kids strive to get the degree and don’t know the inside game so they are viewed as less qualified
Why would black people be interested in working on the white banking plantation.? This dude is clueless about American culture.
Too little too late, buddy. I'm gone. Don't need my money in a bank you are running. Your mindset is poison.
They have to hire the best candidate no matter what color. It is also discrimination to hire someone less qualified based on the color of their skin no matter what color white or black.
hes telling the truth. Who would you want to hire?
Garbage company spews garbage.. quell surprise
Why? For being truthful?
😴😴🥱🥱
Apologies are nice, actions are way better. Let’s talk about it CharlieScharf WellsFargo WellsFargo blackwallst
Unconscious my ass.
Not sorry for the remark. Sorry it was made public.
Diversity is communism and has no place in america
Stupid CEO
Apologize for what? Is what he said the truth or not PC BS
Apologies for truth is why we continue this circuitous conversation.
They really are a sorry bunch.
Tooo Late...
Have him reach out to greenwoodprochi
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »
Source: NBCNews - 🏆 10. / 86 Read more »
Source: Reuters - 🏆 2. / 97 Read more »
Wells Fargo CEO apologizes for remark about lack of diverse talentWells Fargo & Co Chief Executive Officer Charles Scharf apologized on Wednesday for 'making an insensitive comment reflecting my own unconscious bias', as the bank sought to quell a row over his references to a shortage of talent among minority groups. “Didn’t mean to lay my racism out so clearly.” Wells Fargo gonna Wells Fargo The US Capitalist system can't be fixed by nothing short of 1000 Ryder trucks full of Ammonium Nitrate and fertilizer.
Source: Reuters - 🏆 2. / 97 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: Forbes - 🏆 394. / 53 Read more »