![Wall Street and Silicon Valley have little to show for diversity pledges, critics say](https://cbsnews3.cbsistatic.com/hub/i/r/2021/04/26/936b3118-6fed-4137-9dcd-cb87055049a9/thumbnail/1200x630/6788a6e9ec76cc74ad6145fd23d0cd1a/48lx3on6y.jpg)
Wall Street and Silicon Valley have little to show for diversity pledges, critics say
CBSN
A clash between Wells Fargo and a prominent investor over racial equity at the banking giant highlights the mounting pressure on some of America's biggest companies to follow through on their pledges to improve their diversity practices.
Wells Fargo is urging shareholders on Tuesday to vote against a proposal calling on the lender to improve its racial diversity policies for employees as well as assess the company's impact on communities of color. According to a regulatory filing, the Service Employees Union pension plan proposal calls for the bank to conduct an internal review to help "identify, prioritize, remedy and avoid adverse impacts on nonwhite stakeholders and communities of color." The findings would then be publicly disclosed on the company's website. Wells Fargo's board of directors has said that a "human rights impact assessment" is already in the works.![](/newspic/picid-6252001-20250214202746.jpg)
Vice President JD Vance and Ukrainian President Volodymyr Zelenskyy held a high-stakes meeting at this year's Munich Security conference to discuss the Trump administration's efforts to end the war in Ukraine. Vance said the U.S. seeks a "durable" peace, while Zelenskyy expressed the desire for extensive discussions to prepare for any end to the conflict.
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Washington — The Trump administration on Thursday intensified its sweeping efforts to shrink the size of the federal workforce, the nation's largest employer, by ordering agencies to lay off nearly all probationary employees who hadn't yet gained civil service protection - potentially affecting hundreds of thousands of workers.
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It was Labor Day weekend 2003 when Matt Scribner, a local horse farrier and trainer who also competes in long-distance horse races, was on his usual ride in a remote part of the Sierra Nevada foothills — just a few miles northeast of Auburn, California —when he noticed a freshly dug hole along the trail that piqued his curiosity.