Chair Beatty Denounces Wells Fargo CEO’s Racially Insensitive Remarks
October 1, 2020
U.S. Congresswoman Joyce Beatty (OH-03), Chair of the House Financial Services Diversity and Inclusion Subcommittee, wrote a letter to Wells Fargo President and CEO Charles Scharf to express her profound disappointment and disagreement with his remarks regarding the false and misguided perception of a shortage of qualified African Americans as an excuse for his failure to meet Wells Fargo’s workforce diversity goals: