Despite apology from Wells Fargo CEO, African Americans still face ‘uphill battle’ for respect
by Kaylan Ware On September 23, Wells Fargo CEO Charles Scharf apologized in a letter to his employees for comments made in a June 16 memo titled “Our commitment to change.” “While it might sound like an excuse, the unfortunate reality is that there is a very limited pool of Black talent to recruit from with this specific experience,” Scharf said in the June 16 memo. He also repeated this sentiment during a company Zoom meeting. In the same memo, Scharf proposed to double the number of Black senior leaders
Want a better ROI? Get your Diversity, Inclusion team certified
Diversity and Inclusion work is also becoming more complex for employers who operate in multiple states or abroad. For example, New York recently passed a law requiring annual, interactive sexual harassment training; California is on the verge of mandating at least one woman to serve on company boards, and more than 11 states currently ban applicant salary history questions. Beyond legislation, companies that operate overseas must navigate through cultural nuances that can make or break partnerships or other business opportunities. As a “newbie” navigator, Nicole L. Johnson is
New Voices Foundation and JPMorgan Chase launches Banking Bootcamp for Black women entrepreneurs
by Sherri Kolade Are you a Black female entrepreneur who needs some assistance upping your coin? Then the New Voices Foundation and JPMorgan Chase’s Advancing Black Pathways might be a great tool for you and your entrepreneurial dreams, according to an article from Essence. The two entities partnered on a new business banking educational program for Black women entrepreneurs that will assist them in creating strong business banking relationships and grow their access to critical capital, a needed element to business development and achievements, the magazine article added. The Banking Bootcamp, which
Nielsen’s 10th-Year African American Consumer Report Explores The Power Of The Black Community From Moment To Movement
For 10 years, Nielsen has been dedicated to telling the story of the power of Black consumers and their diversity, long before the call for social justice sounded. According to "The Power of the Black Community – From Moment to Movement," the 10th annual report in Nielsen's Diverse Intelligence Series on African American consumers, Black influence on the economy and pop culture continues to drive not only significant moments in history, but drive change across industries and digital platforms. From video streaming, radio listenership and podcasting to buying Black and
Property is Power: Should You Refinance or Sell?
By Anthony O. Kellum The ongoing question…Should I refinance or sell? Everywhere you look you see, advertisements suggesting: “Lock in the rate!” “Refinance now and save!” Before you know it, you are asking yourself “Should I refinance?” That is a great question and we will explore what the hype is all about as it relates to refinancing. The answer usually comes down to two basic facts. Budget: Avoid accumulating debt as a result of a loan Lifestyle: Downsize living space or access your home equity Whether you ought to refinance
Graham Media Group Hires Caroline Chambers As Senior Director, Diversity & Inclusion
Graham Media Group today announced that Caroline Chambers will join the company as its first Senior Director, Diversity & Inclusion effective November 2. Most recently, Chambers was the Vice President, National Director of Diversity Initiatives for Comerica Bank. In that role, she was responsible for internal and external diversity program management including market segment business development teams, employee resource network groups, diversity training, image consulting and philanthropic outreach to diverse communities. Prior to that, Chambers also served as Comerica Bank’s Vice President, National Director of Corporate Contributions and Charitable
Black Homeownership Is More Expensive According to New MIT Study
Currently, American mortgage rates are at an all-time low. However access to those rates are incumbent upon excellent credit scores and a 20 percent down payment. Previous data has shown that on average, Black Americans have lower credit scores and less savings. New research released by MIT earlier this month indicates that for Black Americans, the dream of homeownership is more costly to become a reality. Inequities in mortgage interest payments ($743 annually), mortgage insurance premiums ($550 annually), and property taxes ($390 annually) 'make it impossible for
Comcast promotes Dalila Wilson-Scott to chief diversity officer
Ms. Wilson-Scott will oversee all Diversity, Equity, and Inclusion activities for the corporation. She will also continue to lead the Comcast NBCUniversal Foundation and the company’s community impact work. “Dalila is a fantastic leader and passionate advocate and supporter of our corporate social responsibility efforts, which have been at the heart of our company for decades,” said Mr. Roberts. “In her new role, she will build on our strong foundation, partnering with leadership teams across our organization to continue to make our company and culture more inclusive, and
VICE MEDIA GROUP NAMES VETERAN BRAND EXECUTIVE NADJA BELLAN-WHITE AS GLOBAL CHIEF MARKETING OFFICER
VICE Media Group CEO Nancy Dubuc announced that the company has appointed veteran marketing, brand and communications leader Nadja Bellan-White to its executive leadership team in the role of Global Chief Marketing Officer. Bellan-White will be the first to assume the newly-created global position, uniting VICE Media Group’s portfolio and teams across marketing, branding and communications internationally under one pillar. She will be responsible for aligning the company’s worldwide brand narrative across its five businesses and will amplify VICE’s authority as the world’s leading youth media brand, maximizing
JPMorgan Chase Commits $30 Billion to Advance Racial Equity
NNPA NEWSWIRE — JPMorgan Chase announced new long-term commitments to advance racial equity. The firm will harness its expertise in business, policy and philanthropy and commit an additional $30 billion over the next five years to provide economic opportunity to underserved communities, especially the Black and Latinx communities. Structural barriers in the U.S. have created profound racial inequalities that have been exacerbated by the COVID-19 pandemic. The existing racial wealth gap puts a strain on families’ economic mobility and restricts the U.S. economy. Building on the firm’s existing