FDIC Chair Accused of Verbal Abuse and Bullying Amid Toxic Culture in Damning Independent Report
An independent report found widespread sexual harassment, racial discrimination, bullying, and other misconduct at the US Federal Deposit Insurance Corporation. Over 500 current and former employees were interviewed about the toxic workplace culture and poor complaints handling. FDIC Chair Martin Gruenberg was accused of verbal abuse and bullying by some employees. Victims faced retaliation for complaining, and those accused of wrongdoing were often reassigned instead of facing real consequences. The report criticizes FDIC Chairman Gruenberg, questioning his credibility and moral authority to lead a cultural transformation.
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00:00It's Benzinga, and here's what's on the block.
00:02An independent report found widespread sexual harassment, racial discrimination,
00:07bullying, and other misconduct at the U.S. Federal Deposit Insurance Corporation.
00:11Over 500 current and former employees were interviewed about the toxic workplace culture
00:16and poor handling of complaints. FDIC Chair Martin Gruenberg was accused of verbal abuse
00:22and bullying by some employees. Victims faced retaliation for complaining, and those accused
00:27of wrongdoing were often reassigned instead of facing real consequences. The report criticizes
00:32FDIC Chairman Gruenberg, questioning his credibility and moral authority to lead
00:36a cultural transformation. For all things money, visit Benzinga.com.