Wells Fargo CEO apologizes for saying "there is a very limited pool of Black talent to recruit from"

[Demovictory9]

the controversial statement was made in a June 16 memo : “the unfortunate reality is that there is a very limited pool of Black talent to recruit from with this specific experience.”


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Wells Fargo CEO Charlie Scharf has apologized after he blamed the lack of diversity at the bank on "a very limited pool of Black talent to recruit from."

In a memo to employees released by the bank, Scharf apologized for what he was was "an insensitive comment reflecting my own unconscious bias."

"There are many talented diverse individuals working at Wells Fargo (WFC) and throughout the financial services industry and I never meant to imply otherwise," he wrote. "It's clear to me that, across the industry, we have not done enough to improve diversity, especially at senior leadership levels. And there is no question Wells Fargo has to make meaningful progress to increase diverse representation."

Scharf's original comments, which were first reported by Reuters, were made in a June memo following widespread protests about the death of George Floyd and calls for greater diversity in corporate offices to address systemic racism.

https://www.cnn.com/2020/09/23/business/wells-fargo-ceo-bias/index.html

[marble falls]

1. I don't believe either of his statements.

[uponit7771]

2. He should know better by now

[obamanut2012]

3. The same fake "pipeline" excuse tech companies use to not hire women

Bogus.

[Demovictory9]

6. This excuse was big in the 80s/90s

[DFW]

4. It's easy enough to remedy

Start a recruiting drive from outside the ranks of the membership rolls of the KKK and the State Republican Parties of Idaho and Wyoming.

[ProfessorGAC]

9. I'll Add In!

Start directing their diversity efforts toward improving education opportunities for minorities.
Grow the overall pool, and groom the incoming, better educated people who benefit.
In 10 years, this problem would be gone completely.

[dalton99a]

5. This racist POS got his first job in banking with Jamie Dimon through family connections

[OregonBlue]

7. Throw the bum out.

[SlogginThroughIt]

8. I worked there

For 22 years I worked there. When I started in MN it was Norwest Bank. I watched that company degrade over time to the point I could no longer stomach telling people That I worked there. And so, I quit.