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Black MBA NetWire
arrows June 9, 2016
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Mark Zuckerberg still ranks high, but there are a couple of surprises on this year's list. Here's what the best CEOs had in common. (Fast Company)
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President Obama vetoed an effort to roll back new rules intended to protect retirement savings Wednesday, solidifying his administration's regulations requiring investment advisers to look out for their clients' best interests.(USA TODAY)
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We have a love-hate relationship with email. On one hand, we send over 108 billion email messages every day. On the other hand, most of us hate working our way through our inbox. Email takes up 23 percent of the average employee’s workday, and that average employee sends or receives 112 emails per day. (Harvard Business Review)
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7-Eleven
Career
George Fraser's PowerNetworking Conference, held in Prince George's County MD, near Washington DC, on Memorial Day weekend, brings together thousands of business-minded African Americans. Prince George's County is the wealthiest predominantly African-American county in the country. (Black Star News)
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Finance and management are becoming increasingly intertwined. According to recruitment firm Robert Half, a quarter of FTSE 100 CEOs are qualified accountants. While MBA degrees provide students with a holistic view of business, MBA grads are taking the CIMA qualification in order to stand out in a competitive job market. (Business Because)
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Highmark, Inc
Diversity in the Workplace
Silicon Valley has a major diversity problem. Google, Netflix and Buffer are among the companies who say they’re trying to do better (The Guardina)
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As controversy swirls around Airbnb over allegations of racial discrimination on its home-sharing platform, the company is looking inward to address another problem all too common in Silicon Valley -- a lack of diversity in the workplace. (San Jose Mercury News)
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New White Paper Outlines Key Metrics and Activities to Drive Measureable Improvement in an Organization's Diversity and Inclusion Initiatives. (PR Newswire)
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International
Japan's economy expanded an annual rate of 1.9% rate in the first quarter of this year, revised from a preliminary figure of 1.7%, according to official figures on Wednesday.(BBC)
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UK manufacturing output grew at the fastest pace for nearly four years in April, according to official figures.(BBC)
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Amazon Inc Chief Executive Jeff Bezos said the company would invest an additional $3 billion in India, boosting its committed investment in the country to over $5 billion. (USA TODAY)
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Education
Black students are almost four times more likely to be suspended from public school than white students, part of persistent disparities in U.S. schools, according to U.S. Education Department data released this week. (Business Insider)
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Diamonds are forever. Desegregation orders will be, too, if our end goal for Brown v. Board of Education and the Civil Rights Act of 1964 is merely to color-code American classrooms rather than to create equality of opportunity. (The Washington Post)
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Thermo Fisher Scientific
NBMBAA
NBMBAA’s Annual Conference and Expo comes to New Orleans, October 11-15. Don’t miss 300 companies, hiring now, along with a week of unparalleled educational, networking and career opportunities. Prime hotels are still available and Early Bird discounts are available until July 25, so register today! Register Now
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Northwestern Mutual
Technology
The company announced a host of software improvements to its app to address driver demands. Among the changes, drivers can now more easily pause ride requests, making it easier for them to take bathroom breaks and fill their gas tanks. Drivers can now also be paid instantly for each ride they complete, rather than weekly, and see on the app’s dashboard how much they have earned. (The New York Times)
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Verizon Communications Inc.planned to submit a second-round bid of about $3 billion for Yahoo Inc.’s core internet business, said a person familiar with the matter. (The Wall Street Journal)
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The newly customer-friendly tech giant is bulking up on data centers, betting its future on cloud computing, and learning to be agile again. (Fortune)
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Entrepreneurship
Two tech startups with nearly identical names are launching to offer Airbnb-like home-renting services for African Americans, following complaints of racism on the service. (Money)
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The Economy
Nine policies that could spark new growth in factory jobs and the economic benefits they bring. (The Wall Street Journal)
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Online shopping continues its climb over traditional retail. At least according to a new survey from shipper UPS and researcher ComScore. (USA TODAY)
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Personal Finance
The age group most likely to keep finances separate: Gen Xers, with almost a third of couples keeping their money mostly or completely apart. In comparison, only 23 percent of baby boomer couples keep their money in different pots. (Reuters)
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It seems like every time we get new statistics on how Americans are saving, the numbers just keep getting worse. A study conducted last year by GoBankingRates.com told us that 62% of Americans have less than $1,000 in savings. And in case you don't think that's bad enough, here's another dismal statistic to chew on: According to a study by the Federal Reserve Board, 47% of Americans would not be able to cover a $400 emergency without resorting to borrowing money, or selling off possessions.(USA TODAY)
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Naylor Association Solutions
Naylor Association Solutions
Corporate America
Loyalty programs do attract customers, according to a report to be issued on Tuesday by Bond Brand Loyalty in collaboration with Visa. About 80 percent of the roughly 19,000 consumers in the United States and Canada who responded to an online survey said they were more likely to continue doing business with brands that offered loyalty programs. But to be successful, the programs can no longer offer just a discount or a free dessert. (The New York Times)
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Sportswear giant sues world indoor 800-meter champion Boris Berian over move to New Balance Just weeks ahead of the trials to determine the U.S. squad for the Summer Games, Nike is seeking a temporary restraining order that prevents Mr. Berian from competing in any non-Nike gear. (The Wall Street Journal)
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American Airlines confirmed that starting Aug. 1 its AAdvantage frequent flyer rewards program — the industry’s oldest and largest with about 100 million members — would no longer be based on miles flown, but unabashedly on how much passengers spend. (Money)
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For investors — there are much more important things than just revenue — like cash flow. The biggest companies based on their free cash flow, a key measure that shows how much cash a company generates from its core business after spending on buildings, equipment or other capital expenditures, paints a very different picture of which companies hold the most sway in the U.S. economy. (USA TODAY)
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Government
Republican Jeb Hensarling’s plan, which would relax post-financial crisis restrictions on banks, is unlikely to pass but could ignite election debate (The Guardian)
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Leadership
Robert F. Smith has been named the chairman of Carnegie Hall, the nation’s most prestigious concert stage. He became the first African-American to hold the post at a time when diversity at leading cultural organizations lags — a recent survey of New York’s cultural institutions found that nearly 78 percent of their board members were white.
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You’re only hurting your company by not doing your due diligence.(Fortune)
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CHICAGO--ComEd’s senior vice president of Strategy and Administration, Kevin Brookins was recently elected to serve as first vice chairman of the board of directors of the American Association of Blacks in Energy (AABE). (Business Wire)
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