Wells Fargo CEO apologizes for comments about diversity

Charles Scharf
Posted at 5:15 PM, Sep 23, 2020
and last updated 2020-09-23 17:15:07-04

NEW YORK (AP) — 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 corporate America.

The comments and similar statements made in a Zoom meeting led to an intense backlash in Washington and from advocacy groups. Scharf on Wednesday said in a prepared statement that the comments he made reflect “my own unconscious bias.”