Tag: Comment

Wells Fargo CEO sorry for ‘insensitive comment’ on diversity

Wells Fargo & Co 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.

Reuters reported on Tuesday that Scharf had exasperated some Black employees in a Zoom meeting this summer when he reiterated that the bank had trouble reaching diversity goals because there were not enough qualified minority candidates.

He also made the assertion in a company-wide memo on June 18 that announced diversity initiatives as nationwide protests broke out following the death of George Floyd, an unarmed African-American man, in police custody.

“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.

“Across the industry, we have not done enough to improve diversity, especially at senior leadership

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Facebook Refuses to Comment on Celebrity Boycott after Millions Briefly Wiped from Stock

Facebook has declined to comment after a rush of high-profile celebrities joined the Stop Hate for Profit boycott movement this week.

The Mark Zuckerberg-led social network is facing renewed pressure from the coalition of civil rights groups behind the anti-hate campaign, which this week gained support from Kim Kardashian West, Sacha Baron Cohen, Mark Ruffalo and many more.

When asked what impact the proposed freeze on uploads to Facebook and Instagram would have on the platform, a spokesperson did not acknowledge the question but sent back a list of “resources with the important steps we’ve taken on these issues.”

The campaign has called for a “one-day moratorium” on uploads to protest what it calls Facebook’s “repeated failures to address hate speech and election disinformation.”

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“I can’t sit by and stay silent while these platforms continue to allow the spreading of hate, propaganda and misinformation,” Kardashian West

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