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Wall Street and Silicon Valley have little to show for diversity pledges, critics say By Kate Gibson The Diversity Dilemma A clash between Wells Fargo and a prominent union 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 International 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.

United statesSan antonioBaja california surBeth galettiKimberly houserTed laurelRebecca konins givanLarry finkCharles scharfGeorge floydSchool of managementLabor relations at rutgers universityUniversity of north texasCommittee for better banksMckinsey coService employees international union