Black presidents rejected the allegations of talent shortage.
Wells Fargo CEO claims the company is struggling to meet its diversity goals due to downgrading a pool of Black Talent.
CEO Charles Scharf made the comments during this summer’s Zoom meeting. It was confirmed on June 18 in a companywide memo about the diversified initiative, according to NBC News.
“While this may seem like an excuse, the unfortunate truth is that there is a very limited pool of black talent for recruitment,” Scroff said in the note.
Some black employees were reportedly linked in a 90-minute call. Reportedly, it is not clear who spoke on the condition of anonymity because they feared reprisals. Several participants were asked to be offended by the month’s comments, but some were surprised.
“The meeting was incredibly constructive … I was really surprised at how true and honest the person was,” said Alex David, the network’s chairperson, a member of the Black / African-American Contact Group.
Meanwhile, several black presidents have dismissed allegations of a talent shortage among black candidates.
Ken Bacon, Joe Comcast Corp., Allie Financial Inc., Well Tower, you said K on the board, “There’s an amazing amount of black talent.” Seems too hard or he just doesn’t want to find it. “
Bacon said he was “shocked and shocked” by Scharf’s comments.
After nationwide protests over the killing of Brio Taylor and George Feddy at the hands of the police, Wells Fargo & Company announced a new diversity with a commitment to hiring managers who will look at candidates of color for high-paying vacancies.
Meanwhile, Wells Fargo spokeswoman Beth Richek defended the mantle’s record on diversity.
“Scarf is committed to an extensive and systematic change to increase diversity and has organized several forums where clear dialogue and unfiltered reactions were received,” Shekhar said in a statement.