Wells Fargo & Co. Chief Executive Officer Charlie Scharf has landed in hot water over comments he made three months ago that tied the struggle to find experienced Black executives to a limited talent pool.
After a news report Tuesday resurfaced the remarks, Scharf initially issued a statement on Twitter, saying his comments from June were “misinterpreted.” After the ire intensified online overnight with critics ranging from Congresswoman Alexandria Ocasio-Cortez to comedian D.L. Hughley, Scharf delivered a mea culpa to all of the bank’s 266,000 employees.
