Diversity on Wall Street
Interactive Video
•
Business
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University
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
The video discusses the lack of diversity in top financial ranks, highlighting that only four of the 200 largest U.S. financial services companies have female CEOs. Jane Fraser's appointment as Citigroup's CEO marks a significant milestone. Despite progress, diversity in senior ranks remains insufficient, with less than 3% of executives being African American. Companies like Black Rock are committing to increasing diversity. Wells Fargo's CEO faced backlash for comments on minority talent, emphasizing the need for more inclusive hiring practices.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What commitment did Black Rock make regarding its workforce by 2024?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What issue did Wells Fargo CEO Charles Scharf face regarding diversity goals?
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