Do Not Sell My Personal Information, Your California Privacy Rights 24/7 coverage of breaking news and live events. But, despite those announcements, American banking is dominated by leadership that is largely white and male. “While it might sound like an excuse, the unfortunate reality is that there is a very limited pool of black talent to recruit from,” the memo said. “Perhaps it is the CEO of Wells Fargo who lacks the talent to recruit Black workers,” said Rep. Alexandra Ocasio-Cortez of New York, on Twitter. Hier sollte eine Beschreibung angezeigt werden, diese Seite lässt dies jedoch nicht zu. He retired in 2018. American banking is dominated by leadership that is largely white and male. https://t.co/rWqJR1RG0a, @NBCNews This CEO is just one of many corporations making an excuse to remain white elitist. Become a BuzzFeed News member. Scharf said on Wednesday “there is … None of the six big Wall Street banks have ever had a Black or female CEO. … I walked away being incredibly surprised at how genuine and sincere he is,” Alex David, president of the Black/African American Connection Team Member Network, told the publication. Looks like your browser doesn't support JavaScript. Hier sollte eine Beschreibung angezeigt werden, diese Seite lässt dies jedoch nicht zu. None of the six big Wall Street banks has ever had a Black or female CEO. Like much of the political and corporate world, the banking industry has had to face a reckoning for its role in the racial and economic inequality that faces Black and other minorities, in the wake of the death of George Floyd. Do Not Sell My Personal Information. Wells Fargo CEO Charles Scharf is apologizing for comments he made suggesting it is difficult to find qualified Black executives in the financial … "There is no question Wells Fargo has to make meaningful progress to increase diverse representation," Charles Scharf reportedly told employees in a memo. In the memo, a portion that was obtained by BuzzFeed News, Scharf spoke about trying to increase diversity in the bank's senior positions. Black voters in Detroit want change. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. Scharf listed a handful of appointments the bank has made recently as evidence of its commitment to diversity and went on to lay out details of the steps it was taking to recruit more from minorities. Contact Salvador Hernandez at salvador.hernandez@buzzfeed.com. It would include $550 million in homeownership programs for communities of color, and hundreds of millions toward Black-owned businesses and suppliers. Your California Privacy Rights In an interview with The Associated Press news agency at the time, Chenault called the lack of a pipeline to recruit and retain diverse talent “embarrassing” to the financial services industry. “Perhaps it is the CEO of Wells Fargo who lacks the talent to recruit Black workers,” said Rep. Alexandra Ocasio-Cortez of New York, on Twitter. "There are many talented individuals working at Wells Fargo and throughout the financial services industry and I never meant to imply otherwise.". Banks large and small are still regularly cited for discriminatory practices, including allegations of redlining towards Black homebuyers. ", "I apologize for making an insensitive comment reflecting my own unconscious bias," Scharf said in the memo. Al Jazeera Centre for Public Liberties & Human Rights.
Laura Parker Books,
Chile Pronunciation In Spanish,
Whiskey Blue Menu,
Frauds List,
American Drug War The Last White Hope Watch Online,
Pakistan Azerbaijan, Turkey,
Robin Strasser Days Of Our Lives,
Jamie Whincup House,
Northern Territory 491 Visa Processing Time,
Nicor Gas Senior Discount,
Heater Power Calculation,
Nba On Cbs 1979,
Umi Sushi Vacaville Menu,
Umi Sushi Brighton Beach Phone Number,
Alex Walkinshaw Net Worth,
Dvsn - With Me (clean),
Umi's Menu,
Stardust Witches,
Joyo Ac Tone Beatles,
Amp Credit Union,
Manhattan Toy Baby Stella Boy,
Spa Hotel Auckland,
Preschool Dance Class,
Elenco Precision Xp-620,
Christchurch Holiday Homes,
Cuban Fury 123movies,
Amp Whole Of Life Plan,
Madame Kovarian,
Bone Thugs-n-harmony - The Art Of War,
How Much Is It To Turn On Electricity In An Apartment,
School Counselor 504 Coordinator,
Problems With Rti Model,
20000 Most Common English Words Pdf,
B-52 At-100 Problems,
Joyo Ac Tone Headphones,
Horsepower Calculator,
30000uf To F,
You Remind Me Lyrics Gryffin,
Watt Formula,
Volcano Woodstock,
Olwiyya Gamil,
Replacement Behavior For Screaming,
Les Bill Pay,
Randy Orton Old Theme Song Lyrics,
Wale Last Album,
Coulomb's Law Equation,
Response To Intervention: Where It Came From And Where It's Going,
Test Data Structure,
Watts To Kcal/min,
Github Blog Jekyll,
Cat Adoption Centre,
Cgt France,