The Federal Deposit Insurance Corp. (FDIC) failed to provide its employees a safe workplace free from “sexual harassment, discrimination, and other interpersonal misconduct,” a report released on May 7 concluded.
The more than 200-page report, produced by law firm Cleary Gottlieb Steen & Hamilton, was ordered by the bank regulator. The independent review was overseen by the Special Committee of the FDIC Board of Directors after The Wall Street Journal published scathing reports identifying an objectionable work climate and misogynistic culture described as a “sexualized boys’ club environment.”
