Morehouse College president David Thomas says corporate America needs to invest in institutions that have already moved the needle in providing economic opportunities to black Americans.
Corporate America has often been fraught with roadblocks to people of color and other minorities. With the winds of change in the air, we look at some black Americans who have successfully become top business leaders.
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Honorees David Steward (L) and Thelma Steward at Lincoln Center on April 26, 2017 in New York City. (Photo by Monica Schipper/WireImage) (Getty Images)
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For Online Learning, Business Has Never Been Better - The New York Times
Demand for Chegg roughly doubled when schools shut down, but its chief executive, Dan Rosensweig, now needs to figure out how the company will adapt.
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Around the world, students are learning from home. For Chegg, the online learning company, that has meant unprecedented demand for its services.
Chegg got its start as a textbook rental company, but has expanded to offer services like online tutoring. And while some teachers believe it facilitates cheating, students love it. Dan Rosensweig, Chegg's chief executive, said his business had roughly doubled overnight when schools shut down, and had been growing ever since. The company's stock is up more than 40 percent this year.
Chicago Mayor Lori Lightfoot should accept business help in COVID crisis
When Chicago Mayor Lori Lightfoot was sworn into office, she had to know she was taking on a tough job. What none of us could have foreseen, however, was just how much tougher that job was going to get with the advent of a global pandemic.
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That said, it's time she sought more help than she has appeared willing to accept until now—specifically, from the business community.
Even before the recent protests, however, Lightfoot's handling of the COVID situation has appeared to put her at odds even with someone who ought to be a natural ally: Gov. J.B. Pritzker. More than once, the governor has made pronouncements about matters such as, say, easing open bars and restaurants, or restarting summer school, only to be undercut by the mayor's insistence that Chicago will move at its own timetable.
New Rogers Park Board Game Cafe Opens — With Altered Business Model: ‘We’re Trying To
Inspired by her time overseas, Gonzalez opened Athena Board Game Cafe in Rogers Park, a “dream” business that was years in the making.
Then the pandemic hit, forcing Gonzalez to change course. Though she can’t host customers in the new cafe at 1418 W. Howard St., Athena will officially open Saturday with a slightly different business model: as a combination cafe and board game store.
Instead of having board games available for customers to play while having lunch or coffee, Athena will be offering for sale its stock of 250 card, dice and board games. Gonzalez is selling the board games as a way to bring in some income and to get people familiar with the store before they are able to open seating.
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California Is Examining Amazon's Business Practices - WSJ
California investigators are examining Amazon.com Inc.'s AMZN -0.51% business practices as part of an inquiry into the tech giant, according to people familiar with the matter.
The state's review focuses at least in part on how Amazon treats sellers in its online marketplace, these people said. That includes Amazon's practices for selling its own products in competition with third-party sellers, one of the people said. Neither Amazon nor California has disclosed an antitrust investigation.
Businesses Must Reclaim Prudent Accounting Principles
Prudent accounting balances the forces that drive a business to be efficient and resilient by helping a company stay asset light and forcing it to write off dud projects as their losses become apparent, even in otherwise good times. Such a company is thus less likely to throw good money after bad, lowering waste in the company and in the economy. And, when bad times hit, the company is less prone to be carrying unwanted costs, a huge relief for everyone, including the taxpayer.
Wealth Advisers Torn Over Taking Small-Business Aid - The New York Times
Now, another group of recipients is being scrutinized for taking the money: independent wealth management firms, some of which manage billions of dollars on behalf of affluent Americans. Their fees, which are typically 1 percent, can bring in tens of million annually regardless of market fluctuations.
Now, a divide is growing between advisory firms that took the money and those that declined because of ethical concerns.
"We expected there to be a little pushback when we applied for this, but when we were having the discussion in March, our thinking was, 'We have no idea what is happening,'" said Barry Ritholtz, chairman and chief investment officer of Ritholtz Wealth Management, which oversees $1.3 billion.
Nestle could sell U.S. water business, including Michigan operations
Nestle SA said it's considering a sale of its U.S. mass-market bottled water business as the world's largest food company focuses the unit on premium hydrating products.
Nestle announced the "new strategic direction" Thursday, also pledging to make its global water portfolio carbon-neutral and replenish watersheds by 2025.
The strategic review of most of the North American business is expected to be completed early in 2021, Nestle said Thursday.
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1) President heads to Dallas today for a fundraiser that's expected to bring in $10 million. 2) He'll also meet wi… https://t.co/CfMB4Jsmjv WestWingReport (from White House & elsewhere) Thu Jun 11 12:40:54 +0000 2020
Good job, socialists. "Of the 3.3 million, 1.1 million small business owners were black, according to the study. Bl… https://t.co/fPy77SnO0X RMConservative Thu Jun 11 12:41:00 +0000 2020
Unemployment corrected to 16.3%. Black unemployment 16.8%, the highest in more than 10 years. Latino unemployment 1… https://t.co/Ghb8vLyzr2 SenKamalaHarris Mon Jun 08 12:14:48 +0000 2020
By allowing the wearing of LGBTQ pins, this becomoes a huge problem for Starbucks. They will cave in 5...4...3...2 https://t.co/Uu0cuMQMtg THErealDVORAK (from West Coast USA) Thu Jun 11 22:03:06 +0000 2020
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