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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.” Similar comments in the Zoom meeting reportedly angered a couple of unidentified black employees of the company. However, the same report indicated that, "Not all attendees recalled being offended. 'The meeting was incredibly constructive... I walked away being incredibly surprised at how genuine and sincere he is,' said Alex David, president of the Black/African
American Connection Team Member Network." But Ken Bacon, a prominent black executive with Comcast, was "shocked and puzzled" by Scharf’s comments, and
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During a
September 2020 meeting held over a video call, Scharf drew both criticism and praise for comments about Blacks in the workforce when he claimed that Wells Fargo faced issues reaching diversity goals because there was not enough qualified minority talent to draw from. On June 18, 2020, he had
258:
At age 47, Scharf took over as Visa's CEO in
November 2012, succeeding Joseph Saunders. He was also appointed as a board member after increasing the size of the board to 11 members from 10. Scharf received a total compensation of $ 24.20 million, including base salary, stock grants and incentives in
217:
in 1991, which he said helped put his work experience into perspective: "In my experience, good business is all about stepping back, asking questions and accumulating the expertise to make the best decisions, whether those are business decisions or people decisions."
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was announced. "Chainsaw
Charlie," as he has come to be known within the company, has committed to major cuts within the company. Scharf said he would continue to live in New York with his family and commute frequently to Wells Fargo's headquarters in San Francisco.
266:
On
October 17, 2016, Scharf advised his Board of Directors that he could no longer spend enough time in San Francisco "to do the job effectively." He announced that he would step down on December 1. Charlie was chief executive officer of
242:, JPMorgan's private investment section. He was the CEO and CFO at Bank One Corp., prior to his work at JPMorgan Chase & Co from 2000 to 2002. From 1999 to 2000, he was the CFO of the Global Corporate and Investment Bank division at
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said his "broad experience makes Scharf a safe political choice, who is already well known by both regulators and lawmakers." On
November 7, 2019, Scharf announced that he had appointed BNY Mellon Vice Chairman and former
924:
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announced his intent to nominate individuals to key
Administration posts, amongst which was Charles W. Scharf, Appointee for Member, President’s Advisory Council on Financial Capability for Young Americans.
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202:. In 1987, shortly after graduating from college, Scharf was the youngest professional employee at Commercial Credit Corp. Scharf was still a senior at
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In 2023, Scharf's total compensation from Wells Fargo was $ 26 million, representing a CEO-to-median worker
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Charles Scharf (Fourth From Left) Awarding
Kenneth Brown (businessman) (Second From Left) at JP Morgan Chase
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823:"Wells Fargo CEO Reportedly Blames 'Limited Pool Of Black Talent' For Trouble Reaching Diversity Goals"
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referred to Scharf’s comments on
Twitter, highlighting his "lack of talent to recruit Black workers."
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from July 2017 to
October 2019 and the chairman of its board from January 2018 to October 2018.
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Merle, Renae; Siegel, Rachel (September 28, 2019). "Amid troubles, Wells Fargo names new CEO".
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Prior to joining Visa in November 2012, Scharf was the CEO of Retail Financial Services for
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He is currently on the executive council for UCSF Health and the board of directors for
470:"Charlie Scharf Bio, Wiki, Age, Height, DOB(Famous Birthday), Family, Wife, Net Worth"
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for nine years from July 2004 until June 2012. He was also the managing director of
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701:"Wells Fargo taps Bill Daley, former White House official, head of public affairs"
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778:"Exclusive: Wells Fargo CEO ruffles feathers with comments about diverse talent"
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when he started working at the company part-time, having sent his résumé to
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to be head of Public Affairs for Wells Fargo effective November 13, 2019.
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183:
875:"AOC blasts Wells Fargo CEO's "lack of talent" to recruit black workers"
588:"Visa CEO Charles Scharf Gets Total Compensation Of $ 24.2 Mln In 2013"
848:"Wells Fargo CEO's comments about diverse talent anger some employees"
175:
723:"Wells Fargo Names William M. Daley Vice Chairman of Public Affairs"
274:
On September 27, 2019, Scharf's appointment as President and CEO of
611:"Visa CEO Charles Scharf to resign, ex-AmEx president to take over"
776:
Kerber, Imani Moise, Jessica DiNapoli, Ross (September 22, 2020).
746:"CEOs made nearly 200 times what their workers got paid last year"
225:
633:"Charles W. Scharf Biography – CEO and President – Wells Fargo"
259:
2013. Under Scharf's tenure, Visa placed at number 238 on the
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Anderson, Mae; Harloff, Paul; Ortutay, Barbara (2024-06-03).
609:
Sudarshan Varadhan; Anya George Tharakan (October 17, 2016).
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EDT, Ana de Liz On 9/23/20 at 7:28 AM (September 23, 2020).
414:"Charles W. Scharf - Corporate Governance | BNY Mellon"
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American chief executives of financial services companies
659:"Warren Buffett sells another big chunk of Wells Fargo"
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New York University Stern School of Business alumni
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123:
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725:(Press release). Business Wire. November 7, 2019
316:, and he is on the board of directors for the
384:"Visa hires JPMorgan's Charles Scharf as CEO"
8:
806:: CS1 maint: multiple names: authors list (
215:New York University Stern School of Business
898:: CS1 maint: numeric names: authors list (
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540:"Charles Scharf: Visa's open-armed leader"
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394:from the original on September 24, 2015
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312:Scharf is on the board of trustees for
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657:Armstrong, Robert (4 September 2020).
213:Scharf completed his Executive MBA at
246:From 1995 to 1999, he was the CFO at
146:(born April 24, 1965) is an American
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563:"Visa Swipes Boss From J.P. Morgan"
516:. w4.stern.nyu.edu. October 9, 2009
178:family. His father was a broker at
263:, with $ 11.7 billion in revenue.
150:and business executive who is the
25:
382:Gardner, Sean (24 October 2012).
196:Master of Business Administration
590:. rttnews.com. December 15, 2013
561:Sidel, Robin (25 October 2012).
369:"CNBC Next List: Charles Scharf"
323:On February 26, 2014, President
930:Johns Hopkins University alumni
758:from the original on 2024-09-03
158:. He was previously the CEO of
210:, through family connections.
1:
318:Financial Services Roundtable
703:. Reuters. November 7, 2019
492:"Charles W. Scharf Profile"
27:American banker (born 1965)
966:
494:. The Famous Personalities
292:White House Chief of Staff
288:U.S. Secretary of Commerce
39:
371:. CNBC. October 6, 2014.
346:Alexandria Ocasio-Cortez
339:Comments about diversity
314:Johns Hopkins University
236:JPMorgan Chase & Co.
204:Johns Hopkins University
192:Johns Hopkins University
75:Johns Hopkins University
567:The Wall Street Journal
514:"Fast Track to Success"
174:Scharf was born into a
152:chief executive officer
107:Chief Executive Officer
950:Directors of Microsoft
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945:Wells Fargo employees
788:on September 23, 2020
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854:. September 22, 2020
420:on September 9, 2017
308:Nonprofit leadership
248:Salomon Smith Barney
282:The Washington Post
240:One Equity Partners
200:New York University
116:CEO and President,
84:New York University
65:New York City, U.S.
637:www.wellsfargo.com
232:
186:. Scharf earned a
103:Business Executive
821:Sandler, Rachel.
686:The Baltimore Sun
538:Roberts, Daniel.
154:and president of
148:investment banker
144:Charles W. Scharf
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99:Investment Banker
18:Charles W. Scharf
16:(Redirected from
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188:Bachelor of Arts
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498:September 9,
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476:September 9,
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424:September 9,
422:. Retrieved
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396:. Retrieved
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325:Barack Obama
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222:Early career
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190:degree from
180:Loeb Rhoades
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143:
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920:1965 births
729:November 7,
707:November 7,
594:February 1,
572:October 28,
546:October 28,
520:February 1,
454:October 28,
398:October 28,
276:Wells Fargo
261:Fortune 500
208:Jamie Dimon
156:Wells Fargo
124:Predecessor
118:Wells Fargo
914:Categories
762:2024-09-04
352:References
295:Bill Daley
170:Early life
137:Amy Scharf
55:1965-04-24
802:cite news
613:. Reuters
542:. Fortune
302:pay ratio
160:Visa Inc.
71:Education
894:cite web
879:Newsweek
756:Archived
642:July 18,
392:Archived
184:Shearson
782:Reuters
751:AP News
388:Reuters
827:Forbes
449:Forbes
254:Career
194:and a
176:Jewish
134:Spouse
198:from
113:Title
900:link
886:2020
860:2020
852:CNBC
834:2020
808:link
794:2020
731:2019
709:2019
670:2020
644:2020
619:2017
596:2016
574:2014
548:2014
522:2016
500:2024
478:2024
456:2014
426:2017
400:2014
290:and
162:and
49:Born
269:BNY
164:BNY
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