As previously reported, the bank giant was accused in a lawsuit of conducting interviews with “diverse” candidates without the intention of hiring for the role. Former executive Joe Bruno addressed this concern, saying the “fake interviews” were “inappropriate, morally wrong, ethically wrong,” according to the New York Times.
I assume it is because the company lied about increased hiring. Such things generally signal company’s growth. So, technically it is fraud and shareholders are getting compensated for that. But I’m not a lawyer so I could be wrong.