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HBCU News - Page 19 of 20

Business - Page 19

Ken Frazier, one of the only Black Fortune 500 CEOs, is retiring

By Jordan Valinsky, CNN Business Merck CEO Kenneth Frazier, who is currently one of the few Black CEOs of a Fortune 500 company, is retiring in June, ending a nearly 30-year run with the company. The pharmaceutical giant announced the change Thursday, naming Chief Financial Officer Robert Davis as its new leader effective July 1. Frazier has served as Merck’s CEO since 2011 and had made headlines in recent years for his statements on racial justice and his public tussles with former President Donald Trump. “On behalf of the entire Merck board, I thank Ken for his strong and highly

Bowie State University and LAIKA To Build First HBCU Stop-Motion Animation Studio

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The Oscar-nominated and BAFTA and Golden Globe Award-winning feature film animation studio LAIKA is best known for animated films like Coraline, Kubo, and the Two Strings, Missing Link. They are partnering up with Bowie State University to fund the first in the nation a stop-motion animation studio at Historically Black College and University (HBCU). This partnership is meant to improve the university’s animation program and provide a clear goal of creating a path to the industry. LAIKA’s contribution would finance renovations to Bowie State’s green screen studio to enable stop-motion animation development. “Laika is thrilled to be partnering with as

Sixteen HBCUs Join Google’s Career Readiness Program

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Sixteen new colleges and universities have joined Google’s “Grow with Google HBCU Career Readiness Program” — an initiative tailored to prepare Black students for the workforce. Announced in October 2020, the program aims to reach 20,000 students during the current academic year. The program will be available to all Historically Black Colleges and Universities (HBCUs) by fall 2021. The program is the result of Google’s partnership with the Thurgood Marshall College Fund (TMCF)  — the nation’s largest non-profit exclusively representing HBCUs. It will provide digital skills workshops to Black students at HBCU career centers to better prepare them for future

Pandemic takes a devastating toll on minority-owned businesses

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Opinion by Rick C. Wade for CNN Business Perspectives Editor’s note: Rick C. Wade is senior vice president of strategic alliances and outreach at the U.S. Chamber of Commerce, where he leads the Chamber’s Equality of Opportunity Initiative. The opinions expressed in this commentary are his own. Far too often, the opportunity to obtain an education, secure a job, access quality health care or provide for your family is still determined by the color of your skin. While the work to close the racial divide is not easy, it must be done. This is more than a moral mandate —

Google CEO to Meet With HBCU Presidents After Racism Allegations 

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Google CEO Sundar Pichai will meet with five presidents of historically Black colleges and universities next week after two former Google employees accused the company of racial discrimination, CNN Business reported. Last month, two Black former Google employees — April Curley, a diversity recruiter, and Timnit Gebru, an artificial intelligence researcher — tweeted that they were fired from the tech giant after voicing concerns about how few Black people worked at Google and how those employees were treated. Curley oversaw HBCU recruitment and said several of her superiors believed HBCU computer science graduates didn’t have the technical skills to work

TikTok is giving 10 colleges $10 million to boost minorities in health care

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The video social network website made the announcement Wednesday, saying that each school would receive $1 million to support both undergraduate and graduate scholarships for students pursuing careers in medicine, public health or other health-related fields. The ten schools benefiting are Xavier University of Louisiana, Tougaloo College, North Carolina Central University, North Carolina A&T University, South Carolina State University, Laredo College, University of South Dakota, Florida A&M University, Delaware State University and Virginia Union University. In a statement, TikTok said the gifts would help “ensure the success of future Black, Latinx, and Indigenous health heroes.” “We believe investing in the next

MacKenzie Scott donates $4.2 billion to 384 organizations, to include HBCUs

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MacKenzie Scott announced on Tuesday her second major charitable contribution of the year, giving away nearly $4.2 billion to 384 organizations as part of a plan to donate a majority of her fortune. The announcement comes just four months after Scott donated $1.7 billion to 116 organizations, including four historically Black colleges and universities (HBCUs), in July. The latest round of philanthropic gifts total more than $4.16 billion donated by Scott to organizations nationwide in the past four months. “The pandemic has been a wrecking ball in the lives of Americans already struggling,” Scott wrote in a Medium post. “Economic

Fifth Third Bank Offers Career Development Programming for HBCU Students

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In 2017, Fifth Third Bank, National Association, implemented a multicultural college and university recruitment program that establishes relationships with multiple colleges to recruit, hire and retain the best and brightest students.As part of the strategy, the Bank has deepened its relationships with traditional colleges as well as Historically Black Colleges and Universities (HBCUs) as a way to strengthen the pipeline of diverse talent. The strategy also emphasizes internships and long-term employment through leadership programs. Moreover, it strengthens the Bank by developing an employee base that reflects the communities we serve, and it enhances the lives of tomorrow’s leaders.Since the program’s

Fashion Designer Virgil Abloh Joins Fashion Scholarship Fund Governing Board

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Fashion Designer Virgil Abloh Joins Fashion Scholarship Fund Governing Board Shares Information on Scholarships and Opportunities Offered through the Virgil Abloh “Post-Modern” Scholarship Fund Supporting Next Generation of Black Fashion Industry Leaders   The Fashion Scholarship Fund (FSF) announced today that designer Virgil Abloh will be joining its Board of Governors. In this role, Abloh will join fellow Board members in providing scholarships and internship, mentoring, and professional development opportunities for the organization’s scholars who are just starting out in the fashion industry. “We are so honored to have Virgil join the FSF Board. His efforts to promote equity and

Black Woman Breaks Ceiling In The Gaming Industry As The First To Launch Collegiate E-sports & Gaming Company

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Black Woman Breaks Ceiling In The Gaming Industry As The First To Launch Collegiate E-sports & Gaming Company – The Black Collegiate Gaming Association Creates Scholarship, Career, Competition and Tech Opportunities for Black College Students – GameStop, Intel and Nacon Gaming Agree to Support A Black woman is poised to change the gaming industry this week as the first to enter the male-dominated space of owning a collegiate esports and gaming company aimed to catapult Black college students beyond consumers and competitors into creators and career professionals. After more than 20 years of running a successful celebrity events and experiential

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