NEW YORK (AP) — Wells Fargo CEO Charles Scharf apologized Wednesday for comments he made about the difficulty of finding qualified Black executives.
Scharf said that “there is a very limited pool of black talent to recruit from” in the corporate America. The memo was written in June, but became public this week.
The comments and similar statements made in a Zoom meeting, reported by Reuters, led to an intense backlash in Washington and on social media.
“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.
Scharf on Wednesday said in a prepared statement that his comments reflected “my own unconscious bias.”
“There is no question Wells Fargo has to make meaningful progress to increase diverse representation,” he wrote.
American banking is dominated by leadership that is largely white and male. None of the six big Wall Street banks have ever had a Black or female CEO. Citigroup a few weeks ago announced it would promote a woman to CEO next year, the first on Wall Street to do so.
The last prominent African American to serve as CEO at a large financial services company was Kenneth Chenault, the former CEO of American Express. He retired in 2018. In an interview with The Associated Press at the time, Chenault called the lack of a pipeline to recruit and retain diverse talent “embarrassing” to the financial services industry.
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Just stop it. Enough of this garbage. People need to be qualified for the position, and given the socialist educations, which was no education in Reading, Writing and Arithmetic, there are very few who qualify in those necessary subjects. Instead, children learned how to be good little socialists.
They learned sex education, how to have sex and even have perverts come to read to them. But don’t allow those Gideons on campus. No, no, no. Can’t hand out a Bible either. Remember the Common Core Math?
Wells Fargo showed their weakness now instead of ignoring the Marxists and going right on finding the most qualified person for the job. I will now find a local bank instead of using Wells Fargo. If this is the garbage they buy into, then I want no part of it. I want someone who knows MATH. No telling who Wells Fargo will hire now.
Wells Fargo, the Marxists are going after the weaklings like you and are and intend to tear down America’s financial institutions too. And you are LISTENING TO THAT spokeswoman AOC to do the Marxists bidding. Get a major clue as to what is happening in front of your eyes WELLS FARGO!
When many blacks FAIL TO EVEN go to college, possess basic math and reading/writing skills etc, and a large # carry criminal convictions, HOW WAS WHAT HE SAID in anyway wrong?!
they are to busy being thugs and killers to learn any skills in school.
just look at chicago and how many young black children are murdered before they even have a chance to
try and be somebody.
any of these children could have been doctors or lawyers even president.
When they have a 6.4% drop out rate from just high school, that’s not surprising.
IF “there is a very limited pool of black talent to recruit from” ,,,,,maybe liberal institutions should stop offering scholarships to black men with criminals records based upon their ability to play football, instead of their ability to process the difference between good and evil, moral and immoral, and the ability to SELF-govern a life instead of surrendering it to the first immediate gratification that comes their way with the offer of quick money.
Never offer an apology for a crisis you did not create, lest YOU become part of the problem. Seeking talented black executives is a good thing, so is settling for nothing but the best and brightest of the black talent that shows up at your door. Covering the problem with a blanket of political correctness instead of shouting it to the housetops in anger just perpetuates the deception and prolongs the agony created by white liberals in the black community ,who seek to control that community with emotion rather than empowering it with reason and cognitive solutions, and just allows the social highway robbers on the American roads to success to rob the blacks you carry within those Wells Fargo Stagecoaches while the white passengers just get to keep all their money, reason, success. and ability to have self-governing lives.
What a country we have become, we now have to apologize for telling the truth.
Proof, these marxists, are in control.
Damn! ONE MORE business I will never do business with!
Given the SCANDALS Wells Fargo was caught doing (opening accounts without permission, etc., etc., etc.) – I think they ALREADY hire without concern for ABILITY (or ethics)!
I don’t use Wells Fargo, never will.
I’ve had to use them way back in the early 90s, while driving cross country from school to base.. BUT NEVER again.
RATS, was thinking about western union, not Balls Lostgo.
Maybe they should an education. Look at the black athletes they graduate college and never learned anything look at ledum james. Of course the pool is empty cause there not qualified for top positions. I tired of all the black privilege. Get and education and work ur way to the top! But that’s to hard for u? Here’s one for u ( ax why me no dat. )
Hey Chennault! How many blacks did you recruit?
Nah, it is the likes of G. Soros who lacks the talent to recruit new puppets for Congress. AOC is a dimwitted child who’s not even talented enough to do a decent job as a bartender… it takes some skill and maturity as a conversationalist so that people would come back as a regular.