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Executives Criticize Diversity Pipeline Myth at Equality Summit

Corporate leaders distanced themselves from controversial comments made by Wells Fargo CEO on hiring Black talent. 

Marc Pritchard

Marc Pritchard

Photographer: Kyle Grillot/Bloomberg

The message was resoundingly clear from top executives and professionals: If your company is having trouble finding qualified minority candidates for top roles, it’s because you’re not looking.

Wells Fargo & Co. Chief Executive Officer Charlie Scharf did not speak Wednesday at Bloomberg’s Equality Summit, but comments he made in a June memo that surfaced this week lamenting “a very limited pool of Black talent” for certain key roles, struck a chord with many who did. (Scharf on Wednesday apologized for the remarks.)