NEW YORK: Wells Fargo CEO Charles Scharf is apologizing for comments he made about the difficulty of finding qualified Black executives.
Scharf said in a memo released this week that there is a very limited pool of black talent to recruit from in the corporate America.
The comments and similar statements made in a Zoom meeting, reported by Reuters, led to an intense backlash in Washington and on social media.
Scharf on Wednesday said in a prepared statement that his comments reflect “my own unconscious bias.
There is no question Wells Fargo has to make meaningful progress to increase diverse representation, he wrote.
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