When questioned by Sen. Sherrod Brown (D-OH) during a hearing from the Committee on Banking, Housing and Urban Affairs, not one CEO of the 7 biggest U.S. banks in America responded with “yes” when asked if they would remain neutral if their employees tried to unionize.
BROWN: “Will you remain neutral if your employees try to unionize? Mr. Scharf?”
SCHARF: “We believe that we should have a direct relationship with our employees. No.”
BROWN: “Mr. Moynihan?”
MOYNIHAN: “We will operate for our shareholders, our customers, our employees within what the law allows us to do.”
BROWN: “Mr. Dimon?”
DIMON: “No.”
BROWN: “Ms. Fraser?”
FRASER: “We will not commit to being neutral.”
BROWN: “Mr. Rogers?”
ROGERS: “We will not obstruct any activity but we can't be neutral to the benefits of Truist and what we offer.”
BROWN: “Cecere?”
CECERE: “We will not retaliate, we will continue to expect to be close to our employees but we with help will abide by the law.“
BROWN: “Mr. Demchak in the union town of Pittsburgh. That was a little bit of digging in there.”
DEMCHAK: “No, we wouldn't obstruct. But of course, I'd be in conversations with our customers about it. CS we'd be involved.”
