The CEOs of seven major banks said at a committee hearing Wednesday they do not believe their successor will be a woman or person of color.
“If you believe that your likely successor will be a woman or a person of color, would you kindly extend a hand into the air,” Rep. Al Green (D-Texas) asked the panel testifying before the House Financial Services Committee.
None of the seven white male CEOs raised their hands.
{mosads}Green pressed the CEOs further, asking whether there would be a woman or person of color at their banks in the next 10 years, to which some of the CEOs did raise their hands.
The panel testifying included the CEOs of Citigroup, Morgan Stanley, JP Morgan Chase, Bank of America, State Street Corporation, Bank of New York Mellon and Goldman Sachs.
The hearing was organized to review globally important banks 10 years after the financial crisis of 2008 that triggered a recession.