The chair of the Federal Deposit Insurance Corporation (FDIC), Martin Gruenberg, is under scrutiny following the release of a comprehensive report detailing instances of sexual harassment, discrimination, and bullying within the agency. The 234-page report, conducted by Cleary Gottlieb Steen & Hamilton and commissioned by the FDIC, confirmed the existence of a problematic culture that has persisted over time.
While the report did not solely attribute the issues to Gruenberg, it highlighted instances where he exhibited a volatile temperament towards subordinates, potentially hindering efforts to instigate meaningful cultural change within the organization. Despite calls for his resignation from several lawmakers, including Republicans, Gruenberg has not responded publicly.
