Republicans are urging FDIC Chairman Martin Gruenberg to step down following a report that highlighted “hostile, abusive, and unprofessional behavior” within the agency. An independent review conducted by Cleary Gottlieb Steen & Hamilton outlined incidents of stalking, harassment, and other violations of employee regulations at the FDIC.
The report described a workplace culture within the FDIC as “misogynistic,” “patriarchal,” and “outdated,” where favoritism and inappropriate behavior were common. More than 500 workers reported incidents of harassment and discrimination, leading to calls for Gruenberg’s resignation.
House Majority Whip Tom Emmer and Rep. French Hill have both expressed disappointment in Gruenberg’s response to the allegations and believe that new leadership is necessary at the FDIC. Sen. Tim Scott also called for Gruenberg to resign so that the agency can move forward with the leadership it deserves.
The report’s findings have prompted Republicans to push for Gruenberg’s resignation in light of the scandal that occurred under his leadership.
