1. Wells Fargo CEO Sorry for 'insensitive comment' on Diversity

    Wells Fargo CEO Sorry for 'insensitive comment' on Diversity

    Wells Fargo & Co Chief Executive Officer Charles Scharf has apologized for making insensitive remarks around race and diversity, seeking to quell a row over his references to a shortage of talent among minority groups. Reuters reported on Tuesday that Scharf had exasperated some Black employees in a Zoom meeting this summer when he reiterated that the bank had trouble reaching diversity goals because there were not enough qualified minority candidates...

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    1. There are many talented diverse individuals working at Wells Fargo and throughout the financial services industry and I never meant to imply otherwise.
    2. Perhaps it's the CEO of Wells Fargo who lacks the talent to recruit Black workers.
    3. Anyone who's open to re-evaluating their position, their perspective and taking into consideration a new set of facts, you have to give him the benefit of the doubt.
    4. There is no question Wells Fargo has to make meaningful progress to increase diverse representation.
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