Friday, July 1, 2022

Wells Fargo CEO’s ‘Limited Pool of Black Talent’ Comment Not Going Down Very Well

Charles Scharf - Getty
Charles Scharf – Getty

*According to Reuters, Wells Fargo made big plans to achieve some diversity goals, including a pledge to increase the number of Black leaders in five years.

However, it’s been said they haven’t been able to make that happen and their excuse for it is actually shocking.

Two participants in a summer Zoom meeting with Wells Fargo CEO Charles Scharf told Reuters on Tuesday that the company is unable to meet its diversity goals because there is a limited pool of qualified Black talent. According to NBC News, he also reiterated the assertion in a company-wide memo about diversity initiatives on June 18.

Scharf reportedly said, “While it might sound like an excuse, the unfortunate reality is that there is a very limited pool of black talent to recruit from.” After his comments were made public, he immediately faced backlash. Alexandria Ocasio-Cortez shared a tweet saying, “Perhaps it’s the CEO of Wells Fargo who lacks the talent to recruit Black workers.” Other Twitter users had more to say.

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HU Staff: Kecia Gayle Kecia.Kae According to Reuters, Wells Fargo made big plans to achieve some diversity goals, including a pledge to increase the number of Black leaders in five years. However, it’s been said they haven’t been able to make that happen and their excuse for it is actually shocking. __________________________________________________ Two participants in a summer Zoom meeting with Wells Fargo CEO Charles Scharf told Reuters on Tuesday that the company is unable to meet its diversity goals because there is a limited pool of qualified Black talent. According to NBC News, he also reiterated the assertion in a company-wide memo about diversity initiatives on June 18. __________________________________________________ Scharf reportedly said, “While it might sound like an excuse, the unfortunate reality is that there is a very limited pool of black talent to recruit from.” After his comments were made public, he immediately faced backlash. Alexandria Ocasio-Cortez shared a tweet saying, “Perhaps it’s the CEO of Wells Fargo who lacks the talent to recruit Black workers.” Other Twitter users had more to say. ___________________________________________________ Read more at hollywoodunlocked.com : Getty Images __________________________________________________ If you have a tip or suggestion, or want to talk to us about this story, Text the word “TIP” to 1-310-388-6463

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