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Black MBA NetWire
arrows October 4, 2018
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The National Black MBA Association® - the non-profit professional member-based organization that leads in the creation of educational and career opportunities for minority students and professionals – hosted its 40th Anniversary Conference and Exposition in Detroit, MI, September 25-29, 2018 at the Cobo Center. The conference welcomed 8,700 attendees, over 250 leading Fortune 500 companies on the Career Expo floor and over 45 colleges and universities participating in the Higher Ed Expo. The conference highlighted powerful seminars and workshops and engaging panel discussions.
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Amazon's announcement this week that it will increase its minimum wage pay to $15 per hour nationwide was met with praise by many, but not everyone is celebrating. Some employees are upset that other perks of the company are being eliminated and competitors may now find hiring much more competitive. (Inc.)
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With Thanksgiving and Christmas on the horizon, you might be pondering your holiday travel plans. Here are some of the top holiday travel tips on getting the best airfare deals. (NBC)
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Lockheed Martin
Career
Sometimes no matter how hard you try, you can't leave the job at the office. What's worse is that sometimes you can't get away from it when you're trying to get to sleep. Almost 30 percent of Americans say they sometimes lose sleep worrying about work. Here are 11 things to try if you find yourself in that position. (The Muse)
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Central Connecticut State University
Diversity in the Workplace
California has become the first U.S. state to mandate that boards of publicly listed companies include women. Ironically, the policy is only a state mandate, while many countries - including India, Germany, Australia, Norway, Spain, France, Italy, Denmark, Finland, Iceland, the Netherlands, Belgium, and Israel have similar laws and policies in place. But with California's decision comes even more attention on the merits of this specific affirmative action that is sure to generate generate controversy. (Inc.)
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If you care about diversity and inclusion, there are ways you can focus your efforts to help facilitate change. Trying to force others to understand why diversity is so important may not be the most effective decision, because you may be wasting your time one top executive says. (Inc.)
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International
Graduate Management Admission Council report suggests international students are shunning U.S. business schools because of the country’s political turmoil. (Business Because)
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In an effort to bridge the growing divide in political parties, British Prime Minister Theresa May appealed to her Conservative Party earlier this week find a way to back her plan to leave the European Union. May warned those who have become harsh critics of the plan that their disagreements could put Brexit in jeopardy. (Reuters)
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Owens Corning
Education
A survey from Kaplan Test Prep shows 40% of business schools check the Twitter, Facebook, and LinkedIn pages of their applicants. What you share about yourself and your life on social media most likely won't automatically disqualify you from admission to your desired business school, but be careful what you put out there. (Business Because)
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NBMBAA
William C. "Bill" Brooks, a former General Motors executive who was respected and nationally known for his work in civil rights as well as the political and business spectrum, died Monday at the age of 85. Brooks served in three presidential administrations and headed several Michigan companies. (Detroit Free Press)
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Wells Fargo
Technology
The San Diego International Airport has selected five companies to participate in an internal accelerator program that will allow them to test concepts that could help modernize travel for customers utilizing the airport. The majority of those companies are tech startups. (San Diego Union Tribune)
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Entrepreneurship
Reports and studies are consistent on this one point: venture capitalists primarily are putting their money into businesses run by white males. Fewer than 1 percent of venture capital-backed female rounders are black.It's imperative to the success of American business that diversity is a part of entrepreneurship. (Forbes)
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A collective group of women in venture capital, wants to double the number of female partners by 2028. Here’s how they plan to get that done. (Fast Company)
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The Economy
Gas prices continue to rise nationwide, and are now dangerously close to reaching their highest level since 2014. The rising costs could have a significant effect on the November midterm elections, as strengthening global economies and international politics have increased prices. (USA TODAY)
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According to a new report from Citigroup and Oxford University, two-thirds of U.S. GDP expansion since 2011 was "directly attributable to migration". The study also acknowledged that immigration cuts could damage economic gains and innovation because although immigrants comprise just 14 percent of the U.S. population, they have created 40 percent of businesses on the Fortune 500. (Newsweek)
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Personal Finance
Fortis Lux Financial, a premier financial service organization helping businesses, families and individuals achieve their financial goals, has announced the establishment of a dedicated division to focus on the concerns of the African American community. (PR Newswire)
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Corporate America
This past June, the iconic toy chain Toys "R" Us closed its stores nationwide as a provision of its bankruptcy liquidation. But it appears the company may not be down and out just yet. (CNN Money)
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Government
The trade war between the United States and China may have an unintended consequence for the United States: Chinese companies are expediting plans to create changes in the manufacturing of products and services that could make the country more competitive with other countries. (CNN Business)
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President Trump delivered on his campaign promise yesterday to scrap the North American Free Trade Agreement into something more friendly to American manufacturing, which means more support for blue collar workers. Trump's new trade deal is called the U.S. Mexico Canada Agreement. NAFTA has become the USMCA. (Forbes)
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