USA TODAY US Edition

CEO OF WELLS FARGO APOL­O­GIZES FOR COM­MENTS

- Business · Wells · Fargo, North Dakota · Wells Fargo · United States of America · Zoom Video Communications · Washington · Charles W. Scharf

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 cor­po­rate Amer­ica. The June memo to em­ploy­ees be­came pub­lic this week. The com­ments and sim­i­lar state­ments made in a Zoom meet­ing led to an in­tense back­lash in Wash­ing­ton and on so­cial me­dia. Scharf on Wed­nes­day said his com­ments re­flected “my own un­con­scious bias.”

Newspapers in English

Newspapers from USA