Brazil's Jair Bolsonaro has a history of making homophobic comments. He recently said Brazil cannot become a “gay tourism paradise.”
CEO Michael Corbat defended the Wall Street bank’s sponsorship of an upcoming event in New York City honoring Brazil’s president Jair Bolsonaro, who has a history of homophobic comments.
Corbat told CNBC’s “Squawk on the Street” that the bank spends “a lot of time” making sure its staff understand the company’s support of the LGBTQ community. Corbat stopped short, however, of pulling out of sponsoring the event planned by the Brazilian-American Chamber of Commerce to honor Bolsonaro at its 2019 Person of the Year Award Gala Dinner.
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