The review also found instances of verbally abusive behavior by Gruenberg, who has spent nearly two decades at the FDIC. The report found that FDIC employees, including senior leaders, had felt disrespected and poorly treated by Gruenberg and that the chairman was perceived as unable to control his temper. After the Journal’s investigation was published, Gruenberg, a Democrat, said he had been generally unaware of allegations of a toxic culture and resisted calls from Republican lawmakers to resign. In a message to staff Tuesday before the report’s release that was seen by the Journal, Gruenberg said employees “reported painful experiences of mistreatment and feelings of fear, anger, and sadness." “To anyone who experienced sexual harassment or other misconduct at the FDIC, I again want to express how very sorry I am," he wrote.

Source: Wall Street Journal May 07, 2024 19:43 UTC