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Black MBA NetWire
arrows November 2, 2017
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It’s not always the employee’s fault when things go bad for an employer. Sometimes the employer has no one to blame but itself. Here are six of the most common ways employers sink their own ships. (IAML)
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With the nomination of a new Federal Reserve chairman looming, the Federal Reserve left its interest rate unchanged this week, but signs are that another rate increase remains on track for mid-December. (The New York Times)
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What do you do when the question arises: "How much did you earn in your previous job?" An honest answer might cause the new employer to offer less; if you don't quite tell the truth you may get caught and lose the new job. But now, several states have been the question, or will be banned soon. (Business Insider)
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CVS Health Corporation
Career
Relying on data that spans two decades and included 8,000 executives, the University of Surrey has published data that shows that for every 1% increase in a company’s profitability, bonus pay for white executives goes up 4% but increases just 1% for black executives. (Black Enterprise)
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Principal Financial Group
Diversity in the Workplace
Leaders mush work hard to allow talent to thrive, and that involves creating an environment of inclusion and belonging. Here's what a panel of experts advise on what it takes to create this kind of workplace diversity. (Forbes)
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The Harvey Weinstein scandal has placed workplace gender discrimination issues in the national conversation, which may lead to more women being taken seriously when they make sexual harassment allegations. (Fast Company)
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A new study unveiled by Adobe this week has found that minorities are extremely underrepresented in the advertising industry, particularly with lack of access and the opportunity to see themselves reflected in the workplace. (Adweek)
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International
Fears that Britain's decision in June 2016 to leave the European Union would cause a mass exodus of business students and teachers overseas have been unfounded. New data suggests that the Brexit decision has not lowered demand for the top MBA courses in the UK. (Business Because)
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Grounded flights. Massive delays at border crossings. A shortage of parts for nuclear power plants. 75,000 lost finance jobs. All are possible consequences if Britain exits the European Union in 2019 without a new relationship. (CNN Money)
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Lockheed Martin
Education
The United States represents the top 10 positions in the 2017 top rankings by The Economist magazine - a comprehensive ranking of the top full-time Master or Business Administration programs. The MBA offered at Northwestern University’s Kellogg School of Management was named the best in 2017, topping the list for the first time since 2004. (The Economist)
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Hilton Worldwide
Technology
Based on their newest report, "The Top 10 Technology Trends to Watch: 2018 To 2020 - Ten Trends Will Help You Maximize the Value of Business Technology," Forrester Research analysts Brian Hopkins, Bobby Cameron, Ted Schadler and Rusty Warner offer their picks on the technology and business trends that will most shape the IT landscape. (Information Management)
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Entrepreneurship
Innovative branding, inexpensive social marketing and some good luck timed just right has helped LaCroix go from a brand that was mostly known in the midwest to a national sensation. (Linkedin)
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Thirty years ago, Reginald F. Lewis broker a $985 million purchase of TLC Beatrice International, the largest offshore leveraged buyout ever by an American company. The deal made Lewis the first black billionaire dealmaker, and he went on to open the first black law firm on Wall Street. (Pittsburgh Courier)
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Black Women About Business (BWAB) is a year-long virtual retreat, business-support program that provides education on strategic planning, branding, digital marketing and access to funding for aspiring business owners and seasoned entrepreneurs. (The Chicago Citizen)
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The Economy
A report published this week says the percentage of Americans planning to take a vacation in the next six months jumped in October to the highest level since at least 1978. This reflects national optimism about jobs and the stock market. (CNN Money)
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Economists expect unusually strong job growth when the government reports on October employment Friday, as the effects of Hurricanes Harvey and Irma are reversed. (USA TODAY)
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Personal Finance
The biggest potential change is slashing the maximum limit on pre-tax 401(k) contributions to $2,400 a year, down from the $18,000 IRS limit for Americans under 50 and $24,000 for Americans 50 or older in 2017. That would mean savers would be able to stash away fewer dollars in their accounts before income tax is calculated. (USA TODAY)
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Corporate America
More than 238 cities across North America have sent in proposals in the hopes of landing Amazon's second headquarters, hoping to land an corporation that can bring thousands of jobs and a potential of $5 billion in construction spending. (The New York Times)
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Executive recruitment firm Carrington & Carrington has started a multi-year partnership with the University of Pittsburgh Medical Center (UPMC) to help boost the healthcare giant’s diversity hiring at its most senior levels. The collaboration comes as the $14 billion Pennsylvania-based company continues expanding in its local market, nationally and around the world. (Hunt Scanlon Media)
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Government
Premiums for the silver plan offered under the Affordable Care Act are expected to rise an average of 37 percent for 2018, according to federal data released this week. However, analysts say, policies could actually become more affordable for many people buying on the exchange because the price spike means many enrollees will receive more generous premium subsidies, so they can now afford gold policies with lower deductibles. (CNN Money)
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