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☆ Black executives see progress since George Floyd, but much work still to be done: CNBC survey
▼ + stars: | 2023-06-19 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +4 min

The tragedy sparked more awareness and positive change in corporate America, according to a new survey of Black executives conducted by CNBC, but the results from the survey show that there remains much work to be done. The survey, conducted by CNBC in partnership with the Executive Leadership Council, found 74% of Black executives saying they saw a positive change in hiring, retention and promotion of Black employees since Floyd was killed in May 2020. As many Black executives say organizational treatment of Black employees has remained the same (43%) or worsened (9%) since 2020, as those who say it has improved (48%). And exactly half say there are still less opportunities for Black employees than other employees at their organizations. More Black executives said that prior to 2020 their firms were "checking the DEI box" rather than taking a comprehensive approach.

Persons: George Floyd, Kerem Yucel, Floyd, Shundrawn Thomas, George Floyd's, Judy Smith, Smith, Smith & Company . Smith, Thomas, Rashida Jones, Priscilla Sims Brown, Melonie Parker, Johnson Organizations: Afp, Getty, Black, CNBC, Executive, Council, Copia, Smith & Company, Equity, Opportunity, MSNBC, Amalgamated Bank ., Google Locations: Minneapolis , Minnesota, U.S, America, New Orleans

☆ The Goldman Sachs trader known for speaking up about racism is leaving the bank, according to a report
▼ + stars: | 2023-05-30 | by ( Emmalyse Brownstein | Dakin Campbell | ) www.businessinsider.com time to read: +4 min

Frederick Baba is leaving Goldman Sachs months after becoming a partner, Bloomberg reports. The Goldman Sachs executive who spoke out about his experience as a Black trader on Wall Street is leaving the firm, according to a new report. Goldman Sachs declined to comment. After graduating in 2010, he went to work for the Global Electronic Trading Co., known on Wall Street as GETCO. That's part of the virtuous ecosystem of Goldman Sachs," he added.

☆ Adidas to donate Yeezy proceeds to Anti-Defamation League and other NGOs
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +3 min

[1/4] Rapper Kanye West talks on the phone before attending the Versace presentation in New York, U.S. December 2, 2018. Adidas cut ties with West, who goes by Ye, in October after he made a string of antisemitic comments in interviews and on social media. The German sportswear maker was left with Yeezy shoes worth 1.2 billion euros ($1.3 billion). The value of Yeezy shoes in the resale market has rocketed since then, with some models more than doubling in price. Adidas said there could be further releases of Yeezy stock but no decisions have been made on timing.

☆ I turned down a $250,000 job offer and moved to St. Barts to start a new life. I'm much happier since prioritizing my well-being over money.
▼ + stars: | 2023-05-18 | by ( Alicia Gonzalez | ) www.businessinsider.com time to read: +7 min

Once she visited St. Barts, she found herself and turned down an attractive job offer to move there. I fell in love with St. Barts while visiting a friend, and I turned down a $250,000-a-year job offer to move there permanently. Around my third month of working from home, a friend invited me to St. Barts, a place I'd never been. When I got to St. Barts, everything changedIt's a very small community, and you run into people all the time. Even though I couldn't be certain what would happen if I declined the job, trusting myself to succeed as an entrepreneur felt right.

CNN —A Minnesota judge found former Minneapolis police officer Tou Thao guilty of aiding and abetting second-degree manslaughter for his role in the May 2020 killing of George Floyd, according to court documents filed Monday. “Like the bystanders, Thao could see Floyd’s life slowly ebbing away as the restraint continued,” Cahill wrote in the verdict. Tou Thao Hennepin County Sheriff's Office“The conviction of Tou Thao is historic and the right outcome,” Minnesota Attorney General Keith Ellison, the lead prosecutor of Floyd’s murder, said in a statement. Chauvin was found guilty of second-degree unintentional murder, third-degree murder and second-degree manslaughter in state court and was sentenced to 22.5 years in prison in June 2021. Lane, Kueng and Thao were found guilty in federal court of violating Floyd’s civil rights and of failing to intervene to stop Chauvin during the restraint.

☆ 43-year-old used her life savings to open a bar that only plays women's sports—it brought in almost $1 million in 8 months
▼ + stars: | 2023-04-27 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

When Jenny Nguyen signed the lease to create her dream bar, she wasn't sure it would stay open for more than a few months. Aptly named The Sports Bra, it's a sports bar where only women athletes appear on the TVs. The Sports Bra brought in $944,000 in revenue in the eight months it was open in 2022, according to documents reviewed by CNBC Make It. "Me, personally, I thought the idea was brilliant and that [it was] what the world needs," Nguyen says. "The very first thing that came into my mind was The Sports Bra," Nguyen says.

☆ Bidens report $580,000 in 2022 income, donation to police foundation
▼ + stars: | 2023-04-18 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +3 min

WASHINGTON, April 18 (Reuters) - U.S. President Joe Biden and his wife Jill released their federal tax return on Tuesday, showing the couple earned nearly $580,000 last year and paid an effective federal income tax rate of 23.8%. The Bidens also donated roughly 3.5% of their income, or $20,180, to 20 charities, including one associated with U.S. police unions. The Bidens reported 2022 federal adjusted gross income of $579,514 and paid $137,658 in federal income tax. Their charitable donations included contributions to churches and organizations focused on helping children and first responders, including $2,000 to the National Fraternal Order of Police Foundation. Vice President Kamala Harris and her husband, Doug Emhoff, reported federal adjusted gross income of $456,918, paying $93,570 in federal income tax for an effective federal income tax rate of 20.5%.

☆ Appeals court affirms conviction of Chauvin for George Floyd murder
▼ + stars: | 2023-04-17 | by ( Jonathan Allen | ) www.reuters.com time to read: +2 min

April 17 (Reuters) - The Minnesota Court of Appeals on Monday upheld the conviction of former Minneapolis police officer Derek Chauvin for the murder of George Floyd during a 2020 arrest, rejecting Chauvin's request for a new trial. In December 2021, Chauvin pleaded guilty in federal court to charges he violated George Floyd's civil rights. The most serious state crime for which Chauvin was convicted was second-degree unintentional murder involving third-degree assault. Writing for the appeals court panel, Judge Peter Reyes disagreed. "Chauvin crossed that line here when he used unreasonable force on Floyd."

☆ Deloitte's chief purpose officer says he's pushing execs to think differently about change in corporate America
▼ + stars: | 2023-04-06 | by ( Josée Rose | ) www.businessinsider.com time to read: +10 min

Kwasi Mitchell, Deloitte's chief purpose officer, says he's driven, not overwhelmed, by his job. As Deloitte's first chief purpose officer, his reach across corporate America is great. I had a conversation with my boss at that time, and he said, "We've heard you with respect to your concerns on not wanting to step into this role right now. Not only were we not worried about D&I efforts being cut, organizations didn't have significant D&I programming to cut to begin with. That person that you just hired two years ago should not be the first person to exit your organization.

☆ Trump gloated over his January 6 prison choir song 'beating Taylor Swift' on the charts: 'I feel like Elvis'
▼ + stars: | 2023-03-29 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

Trump told Fox News' Sean Hannity that he feels "like Elvis" after "beating Taylor Swift." The Trump song topped the iTunes chart in the US on March 11. Trump told Fox News host Sean Hannity that he was elated that his track was doing so well. "The J6 is beating Taylor Swift. Known collectively as the J6 Prison Choir, they sang a rendition of "The Star-Spangled Banner" from behind bars.

☆ How representation of Black artists in galleries, museums is changing
▼ + stars: | 2023-02-25 | by ( Lorie Konish | ) www.cnbc.com time to read: +6 min

"There's a lot more support for Black artists that kind of came out of George Floyd's murder and institutions realizing that they need to do more," Peterson said. Saul Loeb | Afp | Getty ImagesThe market for work by Black American artists grew by nearly 400% between 2008 and 2021, according to a recent report from art market website ArtNet. Acquisitions of work by Black American artists peaked in 2015, two years after the start of the Black Lives Matter movement. "My impression is there are vastly increased number of solo shows and group shows dedicated to Black artists in London, in Paris, in New York, across the United States," Elliott said. Works from established artists like Kerry James Marshall that depict Black figures are influencing the work of new artists and creating a lineage, Elliott noted.

☆ Ex-basketball star thought Nike and Adidas weren't doing enough for Black people—so he built a $30 million competitor
▼ + stars: | 2023-02-24 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

Lanny Smith wants someone to challenge sportswear giants like Nike, Adidas and Reebok — so much that he's trying to do it himself. Smith, 38, is the founder and CEO of Actively Black, the sportswear company he launched in 2020 in the wake of George Floyd's death. Today, Actively Black is a multimillion-dollar brand, reportedly valued at $30 million in 2021. NBA star Stephen Curry was spotted wearing an Actively Black hoodie during a press conference last year, shortly after former President Barack Obama sported a watch the brand collaborated on. And we were going to build our own table," Smith says.

☆ Tyre Nichols' death has reignited the debate around police brutality. Here are 5 proven ways to reduce it - and 2 strategies that don't work.
▼ + stars: | 2023-01-30 | by ( Michelle Mark | Marianne Guenot | ) www.businessinsider.com time to read: +12 min

Here are five proven, data-based changes that could make a difference, and two approaches that don't seem to work, according to Campaign Zero. Track complaints about officers' use of forceMost complaints against officers aren't public, making them hard to track. These changes, along with requiring departments to report and publish online data on all uses of force, could reduce police violence. Body cameras are another method that haven't been proven effective when it comes to excessive force instances. Research has shown that 93% of prosecutors' offices have used body cameras mostly in cases against citizens, not against police.

☆ The Memphis Police Department's original report on Tyre Nichols death is full of discrepancies and outright omissions, newly released bodycam footage shows
▼ + stars: | 2023-01-28 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

On January 8, Memphis Police released a statement about a "confrontation" with a reckless driver. New bodycam video shows officers beating Nichols, which is omitted in the police version of events. But bodycam footage of the incident, released Friday, revealed a different story of the brutal beating that left the 29-year-old dead. —Memphis Police Dept (@MEM_PoliceDept) January 8, 2023The statement continued: "Officers pursued the suspect and again attempted to take the suspect into custody. Later in the footage, Nichols' cries become less coherent, his speech slurs, and he struggles to stand up.

☆ $340 billion pledged by companies to support racial equity following George Floyd's murder: McKinsey
▼ + stars: | 2023-01-21 | by ( Sharon Epperson | Lindsey Jacobson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email$340 billion pledged by companies to support racial equity following George Floyd's murder: McKinseyNearly three years after George Floyd's murder, McKinsey & Co. has found that $340 billion has been publicly announced by companies to support racial equity. Shelley Stewart who leads the McKinsey Institute for Black Economic Mobility tells CNBC's Sharon Epperson how and where that money is being spent.

It's been nearly three years since the protests and racial unrest following the murder of George Floyd. As of Oct. 2022, the amount companies have pledged to support racial justice has grown to nearly $340 billion, according to McKinsey & Company senior partner Shelley Stewart. Second, they pledged the use of both capital and assets to help address "broader systemic inequality" outside their organizations. Still, it has been a challenge to meet such ambitious goals when it comes to deploying capital, Stewart acknowledged. Watch the video (will link when the video is live) to learn more about how companies have begun to invest in anti-bias structures both internally and in their communities.

☆ Court asked to void verdict against Derek Chauvin in George Floyd's murder
▼ + stars: | 2023-01-18 | by ( The Associated Press | ) www.nbcnews.com time to read: +6 min

An attorney for Derek Chauvin asked an appeals court Wednesday to throw out the former Minneapolis police officer’s convictions in the murder of George Floyd, arguing that legal and procedural errors deprived him of a fair trial. But Neal Katyal, a special attorney for the state, said Chauvin got “one of the most transparent and thorough trials in our nation’s history. ... Chauvin’s many arguments before this court do not come close to justifying reversal.”Hennepin County Judge Peter Cahill sentenced Chauvin to 22 1/2 years after jurors found him guilty of second-degree murder, third-degree murder and second-degree manslaughter. “Judge Cahill managed this trial with enormous care, and even if Chauvin could identify some minor fault, any error is harmless,” Katyal said. Former Minneapolis police officer Derek Chauvin addresses the court as Hennepin County Judge Peter Cahill presides over Chauvin's sentencing on June 25, 2021, at the Hennepin County Courthouse in Minneapolis.

☆ America's lack of boardroom diversity isn't just a PR problem, it's a business problem that will make companies more vulnerable in a downturn
▼ + stars: | 2022-12-14 | by ( Marguerite Ward | ) www.businessinsider.com time to read: +6 min

More than a dozen companies had no board members of color, according to the report, which relied on 2021 data. Along with a few partner organizations, Watts launched a program in August to help companies interview and select more board members from underrepresented backgrounds. Bessie Watts of Vista Equity Partners is working on a program to increase the pipeline of board members from underrepresented backgrounds. More CEOs are embracing not just the moral case for board diversity, but the business case, as well, Watts said. "We're able to meet and help support board members with valuable new insight."

☆ The number of US adults carrying a loaded handgun every day doubled to an estimated 6 million in just 4 years
▼ + stars: | 2022-11-23 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

US adults carrying loaded handguns on a daily basis nearly doubled from 2015 to 2019, a new study found. They applied that nationally representative data to the estimated 53 million US adults who owned handguns in 2019, concluding that about 16 million adults carried a loaded handgun at least once a month, and 6 million did so daily. They bought about 18.9 million guns in 2021, a record year surpassed only by 2020, according to estimates by The Trace, a publication dedicated to investigating gun violence. "Between increases in the number of people who own handguns and the number of people who carry every day, there has been a striking increase in handgun carrying in the US," Rowhani-Rahbar said in a press release. "In light of that ruling, our study reinforces the importance of studying the implications of handgun carrying for public health and public safety," Rowhani-Rahbar said.

☆ England to take knee, Kane to wear One Love armband against Iran
▼ + stars: | 2022-11-20 | by ( Martyn Herman | ) www.reuters.com time to read: +3 min

DOHA, Nov 20 (Reuters) - England will take the knee and captain Harry Kane will wear the One Love armband at their opening match of the World Cup against Iran on Monday, manager Gareth Southgate confirmed on Sunday. "It's what we stand for as a team and have done for a long period of time," he told reporters on Sunday. Kane, along with the captains of the Netherlands, Belgium, Denmark, France, Germany, Norway, Sweden, Switzerland and Wales, will wear the One Love armband on Monday. World soccer's governing body FIFA takes a dim view of political statements and according to reports could punish those wearing the One Love armband with fines or disciplinary action. "We've made it clear as a team, the staff and an organisation that we want to wear the armband," Kane said.

☆ Rising star Hakeem Jeffries announces bid to lead U.S. House Democrats
▼ + stars: | 2022-11-18 | by ( Richard Cowan | ) www.reuters.com time to read: +4 min

He would build on Pelosi's historic accomplishments as the first female House speaker and the first woman to lead a party in either chamber of Congress. Jeffries satisfies the demand of many House Democrats that younger blood replace the 82-year-old Pelosi, who has had a grip on leadership for the past two decades. 2 position of Democratic whip and moderate Representative Pete Aguilar was expected to seek the job heading the Democratic caucus, which Jeffries now holds. If Jeffries wins the Nov. 30 leadership election, Democrats will be placing party power squarely with New Yorkers. While he is a member of the Congressional Progressive Caucus, Jeffries at times has had strained relations with some progressives, who have questioned his ties to corporate America.

☆ 'Real allyship is every day': 3 steps to being a better ally at work, according to Goldman Sachs' chief diversity officer
▼ + stars: | 2022-11-08 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

And now more than ever, allyship is crucial to the success and comfortability of diverse professionals in the workplace. According to Megan Hogan, chief diversity officer at Goldman Sachs, being a true ally to your peers is all about authenticity and longevity. EngageBeing a true ally starts with being aware and knowledgeable about the perspectives and experiences of people from diverse groups. "When we think about seeking out diverse perspectives, asking people open-ended questions about their experience and how they've navigated the world differently, potentially based on their backgrounds, is the first step." These are everyday acts of allyship that are quite practical and make sure that people feel included."

Recruiter Niani Tolbert says three money habits can help you prepare to leave your job. To start: Take an inventory of your current benefits so you can save up to quit, or find a comparable package elsewhere. In November 2021, 4.5 million Americans quit their jobs, the highest quitting rate on record over the last 20 years. With your well-being in mind, here are three money habits to start if you're thinking about quitting your job. Use all the benefits you can before leavingWhile taking inventory of your benefits, Tolbert suggests using up all the benefits you can, like your flexible spending account or commuter benefits.

☆ LoveShackFancy built a pretty, skinny, rich-girl dreamworld. The fantasy was impossible to live up to.
▼ + stars: | 2022-10-24 | by ( Anna Silman | ) www.businessinsider.com time to read: +34 min

Suddenly, in the midst of discussing what Cohen should wear to the next LoveShackFancy store opening, there was the sound of glass clanging. (Another person confirmed hearing this exchange, though the person close to the company said multiple Zoom attendees did not recall it.) The person close to the company said, "It is not uncommon for trips to have dual purposes — they always generate content." Another time, during a visit to the Palm Beach store, Cohen freaked out after seeing staffers in sweatshirts and sneakers. "As with most contemporary fashion brands, we currently do not operate in the plus-size business," the person close to LoveShackFancy said.

Attorneys for George Floyd's daughter and her mother have sent rapper Kanye West a cease-and-desist letter, demanding that he refrain from commenting publicly about Floyd's death as he did recently. Chauvin also pleaded guilty to a federal charge of violating Floyd's civil rights. regarding" Floyd, his estate, his family and the circumstances surrounding his death, including, but not limited to, his manner of death. Video of Floyd's death recorded by bystanders spurred global protests against racism and police brutality. He was sentenced in July 2022 to just more than 20 years for violating Floyd's civil rights.

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