Ethnicity is a growing area of interest for banks, largely because they want to understand their customers better.
By 2050, says Fred Makonnen, vice president of multicultural sales at ING, African Americans, Hispanics, and Asian Americans will make up the majority of the U.S. population, compared with just over one-third now. “We need to have, as [...]
The Great Recession carried special pain for black women like Jane Ladson.
She had always been the one her family turned to when they needed help, and she didn’t hesitate to give it. She helped pay for weddings and rent. She made room for her nephew when her brother died of AIDS. And even now in [...]
African -American CEOs account for a mere one percent of the chiefs of the 500 largest companies in the US, a new study has revealed.
The study published in the current issue of the Academy of Management Journal suggested that stereotypes about blacks’ leadership failings and biases shape perceptions about the community.
The researchers found evidence of [...]
The unemployment rate for blacks fell more than 2 percentage points last month to its lowest level since March 2009.
The drop puzzled economists, who cautioned that it’s too early to say that a job market recovery for blacks is underway. The rate for African-Americans didn’t budge at all in 2011, ending the year at 15.8%. [...]
Bernard Tyson, president and chief operating officer of Kaiser Permanente, has been named chair of The Executive Leadership Council- a preeminent organization composed of African-American senior executives from the nation’s Fortune 500 corporations that recognizes the strengths, success, contributions and impact of African-American business leaders. His term as chair runs through December 31, 2013.
“As chair, [...]
