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Black MBA NetWire
arrows September 7, 2018
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By 2060, women of color are projected to comprise the majority of women in the United States. Studies show that companies with more diverse teams often yield higher financial returns. But to increase diversity at senior executive levels, companies must conduct more research on a particular group: women of color in midlevel leadership, who have successfully progressed beyond individual contributor and first-line management. (Harvard Business Review)
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With more companies deciding to insert themselves into the fray of political activism in America, the marketing professionals at those companies may find their jobs even more challenging. Based on one survey, it's not a role many are eager to accept. According to the recently conducted CMO Survey, only 21.4 percent of marketers believe their companies should take a stand in politically-charged issues. (Forbes)
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It's getting harder and harder to retire in America. If you turn 65 in 2040 or 2050 or 2060, you may not be able to retire easily. Unless there are major changes, Social Security is projected to pay full benefits only until 2035. After that, it will pay only 75% of the already-low total (the average benefit today is $1,369 a month, only slightly above the poverty line). (Fast Company)
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Lockheed Martin
Career
When you finally receive the job offer you were hoping for, it might seem stupid to turn it down. But that's not always the case. There are some signs you should look for that will help you determine whether you should turn down a job offer or not. (Monster)
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Central Connecticut State University
Diversity in the Workplace
As part of its series of articles on Leaders of Color Month 2018, the staff at Generocity asked a group of leaders, who happen to also be people of color, to talk about their personal stories about diversity and the consequences that come with exclusion. (Generocity)
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A senior VP of quality, regulatory and engineering services at Abbott is on a crusade to do what she says too many Fortune 500 companies are not doing: seriously recruiting and attempting to hire and promote more women and minorities in STEM-related companies. (The Washington Post)
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Owens Corning
Education
The number of doctorally-qualified minority (African-American, Hispanic-American, and Native American) professors at U.S. business schools has quintupled since 1994, due largely to the efforts of The PhD Project, an award-winning program aimed at increasing diversity in America's business management ranks. (Cision)
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With the help of a $2.1 million grant from the Helios Education Foundation to the Black Leadership Network at the University of South Florida, as many as 40 African-American students annually will receive academic scholarships as part of the endowment. (WJCT)
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Roland Parrish, a Dallas businessman, has donated $3 million to HBCU Fisk University. The grant will fund construction of the Roland G. Parrish Center for Career Planning and Development. (Dallas News)
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Wells Fargo
Technology
Findings from a new research paper has concluded that higher levels of homophily - the theory that people are more likely to form social connections with others like them based on characteristics like age, race, gender and income - can disadvantage people from a minority group and lessen their influence. (Fast Company)
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The Economy
Data from the Census Bureau American Community Survey from 2011 through 2016 show that five U.S. states in particular display unsettling levels of income inequality and, its continuing rapid growth. (Forbes)
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Corporate America
Nike's decision to create an ad campaign featuring embattled NFL quarterback and social activist Colin Kaepernick has thrust the company into a national debate on an issue that has divided the nation. But Nike isn't the first company to face political backlash for its decision to step into the political arena. Here are some other companies that recently have courted controversy or been caught in political turbulence.(Associated Press)
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Leadership
All organizations, leaders, and individuals at times fall victim to faulty forms of ethical reasoning. What are the biases that cloud ethical conduct? And what lessons can be learned so that you and your organization can avoid being in a similar situation? (Harvard Business Review)
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