In a recent announcement, the U.S. Federal Deposit Insurance Corporation revealed that Carrie Cohen, a former federal prosecutor with a background in addressing systemic sexual harassment and discrimination, will oversee the agency's efforts towards cultural transformation. This move comes in the wake of a sexual harassment scandal that led to the resignation of the FDIC's chair earlier this year.
Carrie Cohen, currently a member of the corporate law firm Morrison Foerster, will be responsible for auditing the FDIC's implementation of an action plan announced last year following a Wall Street Journal expose. The expose uncovered widespread misogyny and a toxic, sexualized atmosphere among FDIC staff.
With her experience in diversity, equity, and inclusion strategy, as well as white-collar defense practice, Cohen is well-equipped to lead this monitoring effort. She has previously worked as a federal prosecutor in New York and has overseen monitorships related to sexual harassment.
The selection of Cohen followed an open bidding process and interviews conducted by the FDIC board. This appointment marks a significant step in the agency's journey towards a more inclusive and respectful workplace culture.
Analysis:
The appointment of Carrie Cohen to monitor the FDIC's progress in cultural transformation is a crucial development in the agency's efforts to address a sexual harassment scandal. Cohen's background as a former federal prosecutor and her experience in diversity and inclusion make her well-suited for this role. By auditing the implementation of an action plan to combat misogyny and a toxic work environment, Cohen will help steer the FDIC towards a more respectful and inclusive culture. This move highlights the importance of addressing workplace issues and promoting a safe and welcoming environment for all employees.