NEW YORK (AP) — Wells Fargo CEO Charles Scharf apologized Wednesday for comments he made suggesting it is difficult to find qualified Black executives in the financial industry.
Scharf said in a memo to employees “there is a very limited pool of Black talent to recruit from” in corporate America. The memo was written in June, but became public only this week.
The comments and similar statements made in a Zoom meeting, reported by Reuters, led to an intense backlash in Washington and on social media.
“Perhaps it is the CEO of Wells Fargo who lacks the talent to recruit Black workers,” said Rep. Alexandra Ocasio-Cortez of New York, on Twitter.
Scharf on Wednesday said in a prepared statement that his comments reflected “my own unconscious bias.”
“There is no question Wells Fargo has to make meaningful progress to increase diverse representation,” he wrote. San Francisco-based Wells has pledged to