KOMMONSENTSJANE – Wells Fargo CEO: Blacks Are Simply Not Qualified For Top Bank Jobs.

This is what happens when you have ‘SOCIAL PROMOTION’ in our educational systems. The educational system with their SOCIALIST IDEALS have been misrepresenting the education of our schools since Bush I and now the RAW truth is showing. It is not only black students but white students are in the mix.

We have to put the blame where it belongs. That is why our Democrat cities are in such a mess – look at the debt that belongs to them. This was all planned by the Democratic Party government.

Let’s vote all of the Democrats out of office and work side by side to take our country to the highest level which can be achieved. Take our tests to see where we best fit. The Democrats don’t want to work side by side – they want to look down at the blacks. We all know we can’t all be a genius but just accept what God gave us and make the best of it.



Wells Fargo CEO apologizes for comments about diversity. He shouldn’t apologize – he is just speaking the truth. Look at CNN. You would think a cable news anchor, someone handed the responsibility of reporting on and discussing national politics – would be familiar with some of the most basic elements of the U.S. constitution.

They are a disgrace to this country. Nothing but ignorance. Look at the NFL.

It is time to test people before they go into these positions.

The time for the social promotion to stop and start teaching reading, writing, arithmetic, and history.


Our educational system has failed our children on purpose.



Associated Press

WASHINGTON, DC – MARCH 10: Charles W. Scharf, CEO and president of Wells Fargo & Company, is sworn in prior to testifying before the House Financial Services Committee March 10, 2020 in Washington, DC. Scharf testified before the committee on the

NEW YORK – Wells Fargo CEO Charles Scharf apologized Wednesday for comments he made about the difficulty of finding qualified Black executives.

Scharf said that “there is a very limited pool of Black talent to recruit from” in corporate America. The memo to employees was written in June, but became public this week.

The comments and similar statements made in a Zoom meeting, reported by Reuters, led to an intense backlash in Washington and on social media.

“Perhaps it is the CEO of Wells Fargo who lacks the talent to recruit Black workers,” said Rep. Alexandra Ocasio-Cortez of New York, on Twitter.

(AOC is a communist/socialist and wants the “Green Deal” which only relates how asinine she is. She came through the system under the “social promotion” and has a big mouth.)

Scharf on Wednesday said in a prepared statement that his comments reflected “my own unconscious bias.”

“There is no question Wells Fargo has to make meaningful progress to increase diverse representation,” he wrote. Wells has pledged to increase hiring of minority candidates, particularly through Black colleges and universities, as well as new anti-racism training programs at the bank.

Like much of the political and corporate world, the banking industry has had to face a reckoning for its role in the racial and economic inequality that faces Black and other minorities, in the wake of the death of George Floyd. Banks have announced changes to how they lend, and created new programs to spur economic development in communities of color.

Citigroup announced on the same day as Scharf’s apology that it would direct $1 billion of the firm’s capital toward closing the “racial wealth gap” in the United States. It would include $550 million in homeownership programs for communities of dollar, and hundreds of millions toward Black-owned businesses and suppliers.

But, despite those announcements, American banking is dominated by leadership that is largely white and male. None of the six big Wall Street banks have ever had a Black or female CEO. Citigroup a few weeks ago announced it would promote a woman to CEO next year, the first on Wall Street to do so. Banks large and small are still regularly cited for discriminatory practices, including allegations of redlining toward Black homebuyers.

Of the 964 named executives in the Russell 3000, only 71 of them are a racial or ethnic minority, according to Institutional Shareholder Services. Of those 71 individuals, nine are Black.

The last prominent African American to serve as CEO at a large financial services company was Kenneth Chenault, the former CEO of American Express. He retired in 2018. In an interview with The Associated Press at the time, Chenault called the lack of a pipeline to recruit and retain diverse talent “embarrassing” to the financial services industry.

Stanley O’Neal, the former CEO Merrill Lynch while it was still an independent company, is also Black. He resigned in 2007 during the firm’s collapse.


About kommonsentsjane

Enjoys sports and all kinds of music, especially dance music. Playing the keyboard and piano are favorites. Family and friends are very important.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s