FDIC Probe Finds Culture Rife With Sexual Harassment, Discrimination
WSJ What’s News
The Wall Street Journal
4.1 • 4.2K Ratings
🗓️ 7 May 2024
⏱️ 13 minutes
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| 0:00.0 | Tn B. Tech Minute gives you the day's top tech headlines, from the big names in Silicon Valley to the |
| 0:05.9 | halls of power. If it's making news in tech, we've got it. Check out Tn B. Tech Minute in the |
| 0:11.4 | tech news briefing feed from the Wall Street Journal. |
| 0:17.0 | An FDIC probe finds a culture ripe with sexual harassment and discrimination, |
| 0:24.1 | and how geopolitical hurdles are complicating global supply chains. |
| 0:28.6 | We haven't seen quite so much geopolitical disruption |
| 0:32.3 | and tension in the last couple of decades as we're seeing today. |
| 0:35.8 | Plus Tik-Tok sues to block a ban in the US. |
| 0:39.5 | It's Tuesday May 7th, I'm Anne-Marie Fertoli for the Wall Street Journal. This is the PM edition of |
| 0:45.0 | What's News, the top headlines and business stories that moved the world today. A blistering report on the culture of the Federal Deposit Insurance Corp or |
| 0:59.2 | FDIC found sexual harassment, bullying, and discrimination have long |
| 1:03.8 | pervaded at the agency, with perpetrators often receiving reassignments or |
| 1:08.1 | even promotions. The report by law firm Cleary Gottlieb, Stein, and Hamilton was commissioned by the bank |
| 1:14.4 | regulator after a Wall Street Journal investigation in November revealed a toxic workplace |
| 1:19.5 | culture at the FDIC. |
| 1:22.1 | Investigators also confirmed that multiple employees experienced |
| 1:25.0 | extremely difficult and volatile interactions with the agency's |
| 1:28.5 | chairman Martin Grunberg, a Democrat who has spent nearly two decades at the FDIC. |
| 1:34.0 | The report didn't make a recommendation as to whether he and other senior leaders should face |
| 1:38.2 | discipline or removal, which was outside investigator's scope. |
| 1:42.2 | But it said Grunberg's long tenure and |
| 1:44.2 | reputation for losing his temper with staff presents unique challenges for him to |
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