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Black MBA NetWire
arrows May 19, 2016
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Employers preparing for a new federal overtime-pay regulation say the change will lead them to slow hiring, reduce workers’ hours and cut pay, bonuses and benefits. (The Wall Street Journal)
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EU Council president Donald Tusk says the only alternative to the Union is "political chaos", and describes Boris Johnson's recent comments as "absurd". (BBC)
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7-Eleven
Career
If you’re a job-seeker, you might expect tech-industry hotbeds like Seattle and San Francisco to be happening places for employment prospects. But those aren’t the only cities that are hiring, according to new research from Glassdoor. (Money)
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Today’s teams are different from the teams of the past: They’re far more diverse, dispersed, digital, and dynamic (with frequent changes in membership). But while teams face new hurdles, their success still hinges on a core set of fundamentals for group collaboration. (Harvard Business Review)
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In this flurry of self-questioning, it’s easy to forget that the job search is actually a two-way street. It’s just as important for you to find a company that you like as it is to find a company that likes you. (The Muse)
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Regeneron Pharmaceuticals Inc.
Diversity in the Workplace
Efforts to diversify America’s corporate boards with more minorities and women are still lagging, and Hispanics, in particular, are far behind other groups in being selected for directorships, according to an annual report on the board composition of large companies. (The New York Times)
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Nike just did it. So have a growing number of technology companies. And what they’ve done — publish employee diversity numbers — is the critical first step toward transparency and a commitment to creating a more inclusive, innovative, and high-performing business. (Fortune)
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International
Saudi Arabia’s government reshuffle in early May is more than a political watershed. The conservative Kingdom, at the heart of the Arab-Islamic world and one of the world’s key oil producers, is in the midst of a fundamental restructuring process that centers around the country’s large, but oil-dependent economy. (Harvard Business Review)
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The Chinese Communist Party is now officially worried about mounting debt. Liberal lending has been a part of the economy for years. The concerns arise now because the expansion of debt is approaching critical levels. (Businessweek)
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Just over two weeks after taking over as chief executive of Bayer AG, Werner Baumann has initiated what could be the biggest foreign corporate takeover effort ever by a German company. (The Wall Street Journal)
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Highmark, Inc
Education
Bringing together Black male teachers and principals and building a network of learning, support and empowerment is essential, relevant and necessary not only for Black male students, but for all students. This is the essential mission of The Fellowship, a Philadelphia-based group that was founded to support current and aspiring black male educators through advocacy, engaging policy makers, expanding the teacher pipeline, and quarterly professional development opportunities called, "Black Male Educators Convenings" (BMEC). (U.S. Department of Education)
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Thermo Fisher Scientific
NBMBAA
The National Black MBA Association Philadelphia Chapter celebrated its 40th anniversary on May 14. (The Philadelphia Tribune)
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Northwestern Mutual
Technology
Shares of Pandora have dropped more than 40 percent since last May and are trading near a three-year low. When something like that happens, wishful investors tend to float the idea of a takeover. (Bloomberg)
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Returning to Rwanda after an absence of several years, the BBC's Milton Nkosi finds a country which has undergone astonishing technological change. (BBC)
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Following through on a promise to diversify its leadership, Twitter on Monday appointed its first black director to the company’s board: Debra Lee, the chairwoman and chief executive of BET Networks, the parent company of the Black Entertainment Television cable channel. (SFGate)
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Google is expected to dive deeper into virtual reality and artificial intelligence Wednesday during an annual conference that serves as a launching pad for its latest products and innovations. (The Associated Press)
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Entrepreneurship
Caren Maio, founder and CEO of Nestio, give some tips for maintaining a successful startup. (Fortune)
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The Economy
In a nation where consumption makes up a significant share of the GDP, that’s not good for the economy. (The Atlantic)
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Personal Finance
In our digital world, deals are like dandelions in springtime—they pop up everywhere. The good news is that there are also some great tools to help you weed out the junk. (Money)
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When it comes to real estate investing, many Americans think of their favorite house-flipping reality show — demolition and redecorating, with hopes of a juicy payday. But a less glamorous form of real estate investing is coming into favor: becoming a landlord. (USA TODAY)
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Naylor Association Solutions
Naylor Association Solutions
Corporate America
Apple CEO Tim Cook is reportedly traveling to India this week where he’ll unveil plans for three retail stores there as well as a startup accelerator, according to news reports. (Fortune)
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When industrial giant DuPont spun off its performance chemicals division in July 2015, few gave the orphaned appendage much hope. Loaded up with debt and stuffed full of potentially toxic assets—on multiple levels—the new company, re-branded as Chemours, was seen by many investors as a listing garbage scow locked on a one-way course to the bottom of the ocean. (Fortune)
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Government
The U.S. Supreme Court dealt a blow to financial services firms trying to fend off allegations that they facilitate illegal short selling, affirming the rights of investors to make their case in plaintiff-friendly state courts. (Bloomberg)
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Leadership
Four chief executives describe the importance of taking stands, and of making sure they’re heard. (The New York Times)
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Lifestyle
African-Americans are better off today than they were 40 years ago, but still lag behind in education, health, social justice, and civic engagement. (The Christian Science Monitor)
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