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.
"While it might sound like an excuse, the unfortunate reality is that there is a very limited pool of black talent to recruit from," Scharf said. Despite his remarks upsetting some of the attendees, others didn't find the comment to be offensive. "The meeting was incredibly constructive... I walked away being incredibly surprised at how genuine and sincere he is," said Alex David, president of the Black/African American Connection Team Member Network.
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.
Source: twitter.com
