However, during a Zoom meeting, some Black employees took offence when Scharf said that Wells Fargo was finding it difficult to meet its diversity goals because there were not enough qualified talent among the minorities. In his apology, Scharf clarified that Wells Fargo and the financial sector, in general, certainly had talented employees from diverse backgrounds, and that he never intended to state otherwise. Along with his apology, Scharf also listed a few appointments made at Wells Fargo that proved how committed the Bank was to its diversity agenda. He reiterated how had vowed to double the number of Black leaders in the Bank over the next five years and linked executive salaries with the accomplishment of diversity goals. Ever since Scharf's entry into the Bank about a year ago, two Blacks have been appointed in senior positions, as part of its operating committee.