After a probe into the workplace culture at the Federal Deposit Insurance Corporation found rampant sexual harassment and male employees run amok who were rarely held to account, the regulator’s leader is stepping down.
While FDIC chair Martin Gruenberg managed to hold onto his post for several weeks following the report’s release, he failed to drown out calls for change at the top of the organization. Gruenberg announced in a statement on Monday that he would leave once a successor had been appointed, the Wall Street Journal reported. Senate Banking Committee Chair Sen. Sherrod Brown (D-Ohio) earlier today called for Gruenberg’s ouster, a signal that his hold was on shaky ground.
