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The following content is sloppy, mixed up, convoluted, and needs to be fixed. Scharf made the comments in June 2020, and then apologized for them in a September press release: https://newsroom.wf.com/press-release/corporate-and-financial/ceo-charlie-scharf-reinforces-commitment-diversity-and
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During the September of 2020, Scharf made a number of controversial comments about black communities when he claimed that Wells Fargo faced issues reaching diversity goals because there was not enough qualified minority talent.[14] On June 18 2020, he sent out a company memo, saying: “While it might sound like an excuse, the unfortunate reality is that there is a very limited pool of black talent to recruit from.”[15]