According to reports, Wells Fargo & Co Chief Executive Charles Scharf ruffled feathers during a Zoom meeting earlier this summer while discussing diversity.
Scharf claimed that the reason behind poor diversity recruitment, particularly among African Americans, is their lack of talent. In further defense of Scharf’s comment, Wells Fargo spokeswoman Beth Richek told reporters Scharf “is committed to deep and systemic change to increase diversity and has held several forums where there has been candid conversation and unfiltered feedback,” and touted the company’s recent record on diversity hires in comparison to other companies of the similar caliber.
Wells Fargo CEO: "While it might sound like an excuse, the unfortunate reality is that there is a very limited pool of black talent to recruit from." https://t.co/vKcWwUDBWd
— NBC News (@NBCNews) September 22, 2020