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Black MBA NetWire
arrows July 7, 2016
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When Johnson Publishing, which is based in Chicago, announced a little more than two weeks ago that it had sold Ebony and Jet to a private equity firm in Texas, there was a sense of loss. (The New York Times)
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The Federal Reserve did not raise its benchmark interest rate in June because officials worried that economic growth might be flagging, according to an official account published on Wednesday. (The New York Times)
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The Department of Transportation announced the eight airlines it plans to approve for flights to Havana from 10 U.S. cities as early as this fall. (Time)
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With the release of Channels, a new service that provides ad-free podcasts and other audio content for a price, Amazon is taking a leap of faith that enough podcast fanatics value quality over quantity. (Fortune)
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7-Eleven
Career
Getting a college degree — and a job after graduating — is well worth juggling some college debt for many people. But you're guaranteed to end up with nothing but regrets if you've got debt but no degree. (USA TODAY)
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There’s a lot to be said about the importance of delivering constructive criticism to someone when it’s necessary, and especially when it’s uncomfortable. However, I’d argue that you’d be lying to yourself if you said there weren’t times you actively sought out opportunities to "help someone out" by letting them know about something they did wrong. (The Muse)
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The rise of Upwork, Fiverr, Freelancer.com and other gig companies shows how strong the demand is for part-time remote work opportunities.(Forbes)
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Northwestern Mutual
Diversity in the Workplace
A new study ranks Sacramento No. 1 in the country for the diversity of its workforce in science, technology, engineering and mathematical fields. (Sacramento Business Journal)
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In the last two years, diversity practices at major Silicon Valley tech companies like Google, Facebook, and Twitter have been held under a microscope. The big question everyone seems to be asking is "Why are these companies overwhelmingly made up of white men and what can be done to cultivate more diverse talent?" (Fast Company)
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Most companies are looking for diversity and a range of work experience in all new hires in order to better serve today’s international guests. Furthermore, employers are increasingly focused on creating equitable workplace environments, meaning that professionals from a range of cultural and educational backgrounds can work together to form welcoming, diverse teams. (Talent Egg)
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International
The race to be Britain’s next prime minister was whittled to two on Thursday, with Conservative Party lawmakers assuring that the country will have a female head of government — the nation’s first since Margaret Thatcher stepped down more than a quarter century ago. (The Washington Post)
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It was only a column in The Daily Mail, but in its way, it told you everything you need to know about politics in Britain these days. (The New York Times)
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Highmark, Inc
Education
The Verizon Innovative Learning Program for Minority Males was created last year to combat this low percentage as a first-of-its-kind, two-year program that gives minority boys in middle school access to high-level technology, including coding, robotics, and 3D design, along with science, technology, engineering and math (STEM) and entrepreneurship skills. (Yes Weekly)
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The purpose of diversity efforts on college campuses is to enhance the population ― but in drawing so much attention to people’s differences, are we actually deepening divides? (Diverse)
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Pre-M.B.A. programs groom participants in business know-how, introduce them to companies early in their careers. (The Wall Street Journal)
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Thermo Fisher Scientific
NBMBAA
The National Black MBA Association Inc. has moved its headquarters from Chicago to Atlanta after a nearly 50-year run in the 2nd City. The NBMBAA® hosted a ribbon cutting ceremony to commemorate this milestone in the organization’s legacy of excellence in the creation of educational opportunities and economic growth for African-Americans. (Atlanta Daily World)
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Kudos to the Dallas Leaders of Tomorrow® team -- and their mentors -- for winning the National Black MBA Association national business case contest at SMU. What an impressive victory. Here's how it worked: High school students from 20 cities analyzed a case - how to grow Delta Air Lines business by $500-$600 million - and presented strategic recommendations to a panel of judges including senior corporate execs and SMU business school faculty. The local team has won the crown five of 15 years. In addition to bragging rights, members picked up $15,000 in scholarships and travel vouchers from Delta. Well done. (The Dallas Morning News)
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Technology
Black Girls Code, a non-profit that teaches computer programming to African-American girls, opened its first permanent New York office inside of Google's New York headquarters. (Inc)
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Red states won’t abandon their resistance to renewable mandates, but over time, the growing economic dynamism of solar and wind energy could compel a more balanced approach. (The Atlantic)
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Entrepreneurship
Last week’s Global Entrepreneurship Summit at Stanford University brought 700 entrepreneurs representing 170 countries into the heart of the Silicon Valley to talk about how to use innovation to solve the world’s problems. (The Huffington Post)
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Meet the 2016 winner of Black Enterprise’s Small Business Award. (Black Enterprise)
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The Economy
The recovery from the 2007 U.S. housing crash is still underway, with the ramifications of foreclosures and subprime mortgages still playing out for many current and potential American homeowners. (Construction Dive)
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Reverberations from the Brexit vote continue to be felt in the housing market as mortgage rates followed long-term bond yields to near-record lows this week. (The Washington Post)
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Personal Finance
If you’re sick of going through the monthly panic around paying your bills, consider seeking help from your phone—or at least an app on your phone. (Money)
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Naylor Association Solutions
Professional Development
Taneshia Nash Laird is an economic development guru who is passionate about helping social entrepreneurs and municipalities improve communities of women and people of color. Even before she realized it was a real vocation, Laird tapped into her niche and started learning everything there was to know. (rollingout)
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Naylor Association Solutions
Corporate America
Jack Dorsey has tried many things to shake Twitter of out its doldrums. He has made efforts to reengage users, apologized to the developers that the company has pissed off years ago, and made overtures to his employees, giving them a huge amount of his own stake, to make them happy after announcing the biggest layoff in the company's history. Perhaps one of the most important things he has done is to completely revamp the company's board of directors, letting go of numerous long-time members, who had overseen the company's period of stagnation. (vator news)
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After a 71-year run, the family-owned business has sold its iconic Ebony magazine and the now digital-only Jet magazine to Clear View Group, a private equity firm in Denton, Texas. Johnson Publishing retained ownership of Fashion Fair cosmetics and its photo archives valued at $40 million.(Black Enterprise)
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Fast food chain Wendy's said Thursday that customers' personal information was compromised in a series of cyber attacks against the company that started last year. (USA TODAY)
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Government
A federal jury has ordered the estate of former Philadelphia School District Superintendent Arlene Ackerman to pay $2.3 million to a Newtown, Pennsylvania company, after determining that she discriminated against the white-owned firm by awarding its contract to a Black-owned company that was not state-approved for the job. (Atlanta Black Star)
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Lifestyle
Iron Man will soon be a young, black, female teen. Where do we begin? At first glance, this announcement, first made by Time, is another step forward in Marvel Comics’s continued efforts to make its comic-book universe better resemble the world it occupies. For so long that wasn’t the case. (The Washington Post)
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