Skip to content
Search AI Powered

Latest Stories

Democratic Congressman Asks Bank CEOs Whether Their Successor Will Be a Woman or a Person of Color, and Their Response Was Painfully Predictable

Democratic Congressman Asks Bank CEOs Whether Their Successor Will Be a Woman or a Person of Color, and Their Response Was Painfully Predictable
Screenshot, C-SPAN

Oof.

How many CEOs of the country's largest financial institutions think their successors will be women or people of color? If you guessed "none," you'd be right.

CEOs from the largest U.S. banking institutions, including JP Morgan Chase and Bank of America, testified before the House Financial Services Committee today at a hearing called "Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 Years After the Financial Crisis." Looking at the row of panelists, Rep. Al Green had a question.


"The eye would perceive that the seven of you have something in common," Green said. "You appear to be white men."

Then he very politely went for the jugular. "If you believe that your likely successor will be a woman or a person of color, would you kindly extend a hand into the air."

Not a single megabank CEO raised his hand.

"All white men, and none of you, not one, appears to believe that your successor will be a female or a person of color," said Green.

When asked whether those banks might have a woman or a person of color in the next decade, five of the panelists raised their hands. So that's something.

Jamie Dimon of JPMorgan Chase & Co. and Morgan Stanley’s James Gorman were the only two panelists who did not believe they might have a woman or a person of color as CEO in the next ten years.

"I know it's difficult to go on the record sometimes," Green said, "but the record has to be made."

Now that's holding megabanks accountable.

More from News

Donald Trump
Chip Somodevilla/Getty Images

Trump Blasted For Announcing New Additions To The White House Lawn As Global Tensions Escalate

President Donald Trump was criticized after announcing that two new flagpoles would be added to the North and South Lawns of the White House—not the greatest look amid heightened global unease as tensions between Israel and Iran ramp up.

According to the Associated Press, Trump watched as a crane installed the newest flagpole on the South Lawn, remarking, “It’s such a beautiful pole.” He later returned to the site to salute as the American flag was raised for the first time.

Keep ReadingShow less
Screenshots of Donald Trump from CNN supercut
CNN

Trump Mocked For 'Two Weeks' Iran Deadline With Supercut Of All His 'Two Weeks' Promises

President Donald Trump has a history of promising to resolve problems within "two weeks," and a new viral supercut mocks him for all the times he's said as much—including right now with tensions in the Middle East higher than ever.

Trump said Thursday he will decide within two weeks whether to involve U.S. forces directly in the escalating conflict between Israel and Iran, citing what he called a “substantial chance” for renewed nuclear negotiations with Tehran.

Keep ReadingShow less
red flag with pole on seashore
Seoyeon Choi on Unsplash

People Break Down The 'Silent Red Flags' Folks Tend To Ignore In Relationships

A red flag has come to mean any warning sign in life, in addition to the literal red flags that are placed on beaches or industrial sites to warn people of danger.

People will respond to situations by saying, "That’s a red flag." But before that language evolved, they'd just call them "warning signs."

Keep ReadingShow less
Ted Cruz; Tucker Carlson
The Tucker Carlson Show

Tucker Carlson And Ted Cruz Get Into Shouting Match Over Iran In Bonkers Interview Clip

Texas Republican Senator Ted Cruz—a harsh Donald Trump critic-turned-MAGA minion—sat down with fired Fox News personality Tucker Carlson for the conservative influencer's self-produced online content,The Tucker Carlson Show, for the Tucker Carlson Network.

On Tuesday, Carlson shared a 1.5-minute clip revealing that things got contentious when the pair touched on the Trump administration's escalating tensions with Iran.

Keep ReadingShow less
Donald Trump; Barack Obama
Suzanne Plunkett-Pool/Getty Images; Scott Olson/Getty Images

Resurfaced Trump Tweet Criticizing Obama Over Iran Comes Back To Bite Him

Amid tensions with Iran, President Donald Trump was criticized for hypocrisy after social media users resurfaced a 2013 tweet in which he accused former President Barack Obama of planning an attack on Iran because of his "inability to negotiate properly."

Trump has declined to clarify whether the U.S. is edging closer to launching strikes on Iran’s nuclear facilities, following a warning from Iran’s supreme leader against any attack and a rejection of Trump’s demand for surrender.

Keep ReadingShow less