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Bank of America executive decries North Carolina’s gay marriage ban

Bank of America executive decries North Carolina’s gay marriage ban

A senior official within Bank of America has denounced North Carolina’s measure to define marriage as the union between a man and a woman.

Catherine Bessant, global technology and operations executive, said in a YouTube video that the initiative would make it harder for companies to attract talent to the state.

‘We’re in a war with other states across the country who would love to have the jobs that we have today,’ said Bessant of the North Carolina-based bank that operates in more than 40 countries.

The ballot item, called Amendment One, would place a constitutional ban on same-sex marriage. According to Paul Stam, the Republican majority leader of North Carolina’s House of Representatives, Amendment One doesn’t prevent private employers from offering civil union benefits to an employee’s same-sex partner.

North Carolina is one of at least three states putting the gay marriage issue before voters this year. New York, Massachusetts, Connecticut, Iowa, New Hampshire, Vermont and the District of Columbia grant marriage licenses to gay couples.

According to civil rights organization Human Rights Campaign, banks and brokerages rank second behind law firms as the best companies for gays to work for. Other bank executives who have defended gay marriage include former Morgan Stanley chairman John Mack, and Goldman Sachs Group Inc. CEO Lloyd Blankfein.

Watch Bessant's video here: