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 couldn’t also see the definition of “qualified” candidate in the article. Someone may have attended one of these fake recruitment processes but secured employment elsewhere in the same timeframe without any real financial penalty other than having their time wasted. Also just holding stock during that time does not mean an actual loss was realised by a shareholder. A bit of a mess for either type of candidate to work out compensation.