Wells Fargo CEO Charles Scharf has apologized for insensitive remarks about race and diversity after he claimed there was a shortage of talent among minority groups
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.
“There are many talented diverse individuals working at Wells Fargo and throughout the financial services industry and I never meant to imply otherwise,” Scharf said in a statement on Wednesday. Senator Elizabeth Warren, one of the most prominent Wells Fargo critics, said the bank’s problem begin with its leadership.
Scharf listed a handful of appointments the bank has made recently as evidence of its commitment to diversity and went on to lay out details of the steps it was taking to recruit more from minorities. "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," said Teri McClure, a former executive with United Parcel Service Inc“The Wells Fargo team should use that as an opportunity to move forward,” she added.
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