4Hu5YZDg3VM Author: Liu Haoran world.huanqiu.com article Too much black material! The chairman of the US financial regulatory agency "falls down" /e3pmh22ph/e3pmh26vv <article><section data type="rtext"><p>[Liu Haoran, a special correspondent of the Global Times] Recently, the Federal Deposit Insurance Corporation (FDIC), the top financial regulator in the United States, was deeply involved in the scandal of "toxic culture" in the workplace, and a survey report compiled by a third-party independent agency has completely exposed the ugly appearance of this "good boys club"</ p> <p>The report shows that all kinds of evil practices are prevalent in FDIC institutions, and many female employees suffer harassment from male colleagues and superior leaders all year round, and there is no way to complain. Martin Grunberg, chairman of the FDIC, resigned under pressure on the 20th. The White House said President Biden would nominate candidates "as soon as possible"</ p> <p><i class="pic con"><img data alt="Martin Grunberg Data Map Source: American Media" src="//img.huanqiucdn.cn/dp/api/files/imageDir/5ec24840b41346932b616975c8ec50beu1.png? ImageView2/2/w/1260 "/></i></p><p><p><em data scene=" strong ">The survey report has 234 pages</em></p><p><p>The Wall Street Journal reported on the 21st that in an internal email on the 20th, the 71 year old FDIC chairman Grunberg confirmed his resignation to all employees. He said that he would continue to exercise his responsibilities during his tenure, including "the rectification of FDIC workplace culture". It is understood that the FDIC is a financial regulatory agency established during the Great Depression in the United States. Its core function is to "provide the bottom line" for the deposit security of commercial and savings banks, which represents the credibility of the entire American government. It is said that "since its establishment in 1933, the policyholder has never lost a single copper"</ p> <adv-loader __attr__inner="7004636" __attr__style="width: auto; position: relative;float: left;border: 1px solid #ebebeb; padding: 20px;overflow: hidden;margin: 10px 30px 40px 0; "></adv-loader> <p>The FDIC's "workplace poison culture" problem has been exposed by some American media as early as last November, and the relevant plot has attracted the attention of the United States Congress. As a third party organization, the top US law firm, Jiali Law Firm, carried out an investigation on FDIC that lasted for several months, excavated a large number of "black materials", and summarized them into a 234 page investigation report. In the middle of January this year, investigators set up a complaint hotline and received more than 500 complaint calls, most of which were from FDIC employees. For fear of being retaliated, many online informants did not leave their email addresses</ p> <p><em data scene="strong">Harassment and bullying are prevalent</em></p><p>According to the survey, sexual harassment and bullying culture are prevalent in the FDIC workplace, and the victims are mostly female employees, including other vulnerable groups. According to the report, men at all levels of the organization harass women frequently, and some victims are harassed all year round. For example, a female employee said that she had been "watched" by a male colleague for a year and a half, during which time her social media was "closely watched" by male colleagues. On another occasion, the colleague called her 30 times in a row</ p> <p>The report also disclosed all kinds of discrimination circumstances of the agency with surprising degree. For example, some executives deliberately refused to let women speak at meetings, and publicly proposed not to give bonus to female employees; Some executives instructed their subordinates to "stop recruiting women with children"</ p> <p>The organization is also very unfriendly to minority, disabled and gay employees. According to a Mexican employee, his white colleague referred to him as a "cobbler", saying that he could be hired only because of the "race indicator" of FDIC recruitment. Some male homosexual employees said that they did not dare to disclose their sexual orientation because they were afraid that their colleagues would call him a "female cannon"</ p> <p>Investigators learned that Grunberg's reputation among employees is extremely bad, and complainers generally reflect that he is emotional and does not respect others</ p> <p><em data scene="strong">The "Good Boys Club" lacking accountability</em></p><p>Because of the serious absence of accountability, FDIC's internal "toxic culture" has a long history. The investigation report described FDIC as a "good boys' club", satirizing that the senior management of the institution was biased and took care of each other. Even if there was an incident, it was difficult to be held accountable, and even if there were perpetrators, they would rise instead of fall</ p> <p>Records show that the agency has reported 92 cases of harassment between 2015 and 2023, but none of them has been dismissed, demoted or reduced in salary. The most severe punishment is that two people have been "suspended for self-examination", and other perpetrators have only been warned or criticized by notice</ p> <p>CBS said that before President Biden nominated the new chairman, Grunberg would stay on the job and probably continue to serve for several months. Some analysts believe that the arrangement of "leaving without leaving the post" is to prevent Republicans from taking the opportunity to "rise" - Grunberg is a Democrat, while Travis Hill, the current vice chairman of the FDIC, is a Republican</ p> <p>The Wall Street Journal said that Grunberg's resignation may affect the work process of the US financial regulator. Since the spring of this year, many large banks in the United States have failed, and financial regulators need to coordinate and issue policies to improve banks' risk resistance</ p></section></article> one trillion and seven hundred and sixteen billion four hundred and ten million nine hundred thousand three hundred and forty-one Copyrighted works of Globegroup are strictly prohibited from being reproduced or mirrored without written authorization. Violators will be investigated for legal responsibility. Editor in charge: Xiao Shan Global Times one trillion and seven hundred and sixteen billion four hundred and nineteen million two hundred and fifty-four thousand three hundred and seventy-one one one [] //img.huanqiucdn.cn/dp/api/files/imageDir/5ec24840b41346932b616975c8ec50beu1.png