Martin Gruenberg, chairman of the Federal Deposit Insurance Corporation (FDIC), announced on Monday that he would resign following an external investigation into harassment and workplace misconduct.
Gruenberg tendered his resignation on Monday after the report was released, seconds in the New York Post. The report de Cleary, Gottlieb, Steen & Hamilton, LLP cited an alleged violation reported in 2017 at an Arlington, Virginia hotel owned by the agency, among other allegations of harassment and misconduct by at least 500 people.
“In light of recent events, I am prepared to step down from my responsibilities once a successor is confirmed,” Gruenberg said in a statement Monday. seconds on CNN. “Until then, I will continue to fulfill my responsibilities as FDIC Chairman, including transforming the FDIC's workplace culture.”
.@SenJohnKennedy Crickets FDIC Chairman Martin Gruenberg: “You think you're the person to clean up the FDIC?”
Gruenberg: “Yes, Senator.”
Kennedy: “Do you think Elvis is alive too?”
Gruenberg: “Not that I know of.”
Kennedy: “Do you believe in Big Foot too? Do you have… pic.twitter.com/Qh6XhlIebC
— Daily Caller (@DailyCaller) May 16, 2024
The alleged violation was reported at the Arlington County Police Department on February 17, 2017, according to a March Daily Caller News Foundation exclusivewhich was cited on page 111 of the report.
“FDIC employees at all levels care deeply about and take great pride in their mission to maintain stability and public confidence in our nation's financial system,” the report said. “They deserve and demand a workplace free of sexual harassment, discrimination and interpersonal misconduct. But for too many, they don't have it. More than 500 people bravely reported to our hotline, often telling painful and emotional experiences of sexual harassment, discrimination and other interpersonal conduct they have suffered at the FDIC.”
The report detailed numerous incidents of sexual harassment of employees, as well as homophobic harassment statements, claims that members of “underrepresented groups” were told they were “token” contracts, and the mocking of an employee with a disability The report also claimed that the “fear of retaliation” prevalent at the agency meant that additional incidents may have gone unreported.
Gruenberg drew criticism in the report for some of his interactions with agency employees.
“A number of FDIC employees, including senior executives, acknowledged the reputation and also reported instances in which Chairman Gruenberg lost his cool and interacted with staff in a demeaning and inappropriate manner,” he said. the report
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