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An independent report found widespread sexual harassment, racial discrimination, bullying, and other misconduct at the US Federal Deposit Insurance Corporation. Over 500 current and former employees were interviewed about the toxic workplace culture and poor complaints handling. FDIC Chair Martin Gruenberg was accused of verbal abuse and bullying by some employees. Victims faced retaliation for complaining, and those accused of wrongdoing were often reassigned instead of facing real consequences. The report criticizes FDIC Chairman Gruenberg, questioning his credibility and moral authority to lead a cultural transformation.

FDIC Chair Accused of Verbal Abuse and Bullying Amid Toxic Culture in Damning Independent Report

⏲ 0:42 👁 680K

Sinclair wants to sell more than 30% of its 185 owned or operated broadcast stations across the US through investment bank Moe-liss & Co. The stations considered for sale generate an estimated $1.5 billion in combined revenue for 2023-2024 and are located in major markets like Minneapolis, Portland, Pittsburgh, Austin, and Fresno. Sinclair is open to selling all or some of the 60+ stations that have been identified as potential sales. The potential sales come amid tensions within Sinclair's owning Smith family and losses of over 70% in market value over 5 years.

Sinclair Explores Sale of Over 30% of Broadcast Stations, Amid Tensions and Financial Losses

⏲ 0:45 👁 660K

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