Wells Fargo CEO's comments about diverse talent anger some employees.
Scharf spent more time listening than speaking during the 90-minute call which he initiated and has not been previously reported.
"While it might sound like an excuse, the unfortunate reality is that there is a very limited pool of black talent to recruit from," Scharf said in the memo, seen by Reuters. "There is an amazing amount of Black talent out there," said Ken Bacon, a former mortgage industry executive who is on the boards of Comcast Corp, Ally Financial Inc and Welltower Inc. "If people say they can't find the talent, they either aren't looking hard enough or don't want to find it."Wells Fargo spokeswoman Beth Richek defended Scharf's record on diversity.
In boardrooms, African-Americans made up 10% of new director appointments in the Fortune 500 last year compared with their 13% of the U.S. population, according to a 2020 report from executive recruiting firm Heidrick & Struggles. New Hispanic directors were even more scarce, the study found. "I literally get emails every single day from people asking to be added to our list," she said. "The talent is there. It's just a matter of the firm accessing it and connecting with it."Experts said one reason board rooms and C-suites lack diversity is that such jobs are often filled by people who have managed businesses, while many people of color have tended to be stuck in roles that lack a direct connection to profits.
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Exclusive: Wells Fargo CEO ruffles feathers with comments about diverse talentWells Fargo & Co Chief Executive Charles Scharf exasperated some Black employees in a Zoom meeting this summer when he reiterated that the bank had trouble reaching diversity goals because there was not enough qualified minority talent, two participants told Reuters.
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Wells Fargo CEO ruffles feathers with comments about diverse talent'While it might sound like an excuse, the unfortunate reality is that there is a very limited pool of black talent to recruit from,' Scharf said in the memo.
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Exclusive: Wells Fargo CEO ruffles feathers with comments about diverse talentWells Fargo & Co Chief Executive Charles Scharf exasperated some Black employees in a Zoom meeting this summer when he reiterated that the bank had trouble reaching diversity goals because there was not enough qualified minority talent, two participants told Reuters.
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Exclusive: Wells Fargo CEO ruffles feathers with comments about diverse talentWells Fargo & Co Chief Executive Charles Scharf exasperated some Black employees in a Zoom meeting this summer when he reiterated that the bank had trouble reaching diversity goals because there was not enough qualified minority talent, two participants told Reuters.
Weiterlesen »
Exclusive: Wells Fargo CEO ruffles feathers with comments about diverse talentWells Fargo & Co Chief Executive Charles Scharf exasperated some Black employees in a Zoom meeting this summer when he reiterated that the bank had trouble reaching diversity goals because there was not enough qualified minority talent, two participants told Reuters.
Weiterlesen »