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Black MBA NetWire
arrows May 30, 2019
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As anticipated, the European Parliament election was a disaster for the ruling Conservative Party and the opposition Labour Party in the U.K. Because of their failure to deliver a sensible solution to the Brexit issue, both parties suffered big losses. But because the vote was so close between those that want no Brexit deal, and those that want a second referendum, it's unclear what the voters really want. (Forbes)
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Toyota President Akio Toyoda recently delivered a commencment speech to graduates at Babson College. The Babson alum gave the master's level grads seven pearls of wisdom to embrace as they head out into the world to become leaders. His general message: To be a great leader, be a better person. (Inc.)
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In a survey of 15,000 respondents worldwide, family businesses were deemed to be far more trust-worthy than those that were not family-owned. But it remains incumbent upon family-owned businesses to make sure they don't unintentionally left their values drift and damage the company's reputation. (HBR)
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Wells Fargo
Career
We all believe we've made a good career choice when we first start out in a new job. It doesn't always work out that way. If you’re popping antacids like candy and haven’t slept in three nights because you’re enduring a toxic workplace, those are clear indications that you need a new job. But sometimes the signs aren't that obvious. Here are 10 indications you’re in the wrong job. (Monster)
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There was a time when employers took seriously the minimum requirements they list in a job posting, but according to a recent survey, approximately 84 percent of companies are willing to hire and train a candidate who lacks the required skills. (Fast Company)
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Diversity in the Workplace
Members of the Forbes Coaches Council were asked to share the best ways for leaders to better embrace and encourage diversity in the workplace. Here’s what council members said. (Forbes)
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International
As China prepares for a showdown with President Donald Trump, Chinese leaders find themselves in a difficult situation: How can they show Trump they won’t be pushed around without wrecking hope for a deal? (Bloomberg)
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In a stunning turn, Israel will be foreced to hold elections for a second time in less than six months after Prime Minister Benjamin Netanyahu failed to form a government before a deadline of midnight on Wednesday. To keep from giving someone else the chance, his party advanced a bill to dissolve the parliament and open new elections in September. (The Washington Post)
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Education
The billionaire didn’t just pay off graduates’ debts; he offered an invaluable lesson about the real nature of individual success. (The Atlantic)
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Lisa Kaplowitz, a professor of professional practice in finance, and Sangeeta Rao, an assistant dean of mentoring at Rutgers, have launched an initiative that aims to bring together alumni, faculty and students to develop women leaders through education, innovation and opportunities. (Yahoo)
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NBMBAA
National Black MBA Association® launched the Scale-Up Pitch Challenge in 2017 which works to satisfy the mission of the Association to help create and support wealth building opportunities for its members, with previous winners experiencing great success with investors due to exposure and funding provided through this challenge. This challenge is a pitch competition designed to “Make Big Ideas Bigger” by encouraging our members to create startups that are scalable. We provide startups the unique opportunity to connect with early stage investors and venture capitalists who are ready to invest. Culminating at the 41st Annual Conference & Exposition in September, the winning team will be awarded a $50,000 Grand Prize, with additional to prizes for 2nd place and 3rd place as well as a People’s Choice Award.
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If you think your startup embodies a “Big Idea” that can be even bigger, this challenge is for you! 
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Technology
Business-software giant Salesforce instituted a new policy barring retail customers from using its technology to sell semiautomatic weapons and some other firearms. In recent weeks, the Silicon Valley tech giant has quietly been sending a meesage to retailers such as Camping World: Stop selling military-style rifles, or stop using our software. (The Washington Post)
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Entrepreneurship
There are many reasons people want to become entrepreneurs, and earning a lot of money is often chief among those reasons. And while owning a successful business is one of the best ways to become a millionaire, if you want more than that, you most likely need to do more than just run a great company. (Entrepreneur)
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The Economy
Recent concerns around the market centers on the yield on the closely watched U.S. 10-year Treasury, which hit a 20-month low this week, and fell below the yield on the three-month Treasury bill. The reversal, best-known as the inverted yield curve, can be a warning of a recession. (The Washington Post)
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Personal Finance
You don't have to look far to find personal financial advice – from television to social media, it's everywhere. And because financial literacy continues to be a major problem for many people in America, it's good that the conversations continue. However, it's not always good advice that's being dissemintated. Some financial analysts have provided tips on financial myths that you should avoid. (Fast Company)
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Approximately 3 out of 10 Americans dip into their retirement savings, Transamerica Financial says. Most borrowers need the money for unplanned medical expenses, getting rid of burdensome debt or paying for higher education. But some financial experts are warning against using your retirement fund as a piggy bank. (USA TODAY)
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Corporate America
It's not a merger in the traditional sense of the word. And the two companies aren't joining forces to become one major force. But the joint business venture between Kohl's and Amazon is proving partnering with another organization is sometimes a sound business decision. (Forbes)
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Government
Newly revealed documents show that the Trump administration’s purpose in putting the citizenship question on the upcoming census was not its stated one to help Hispanic voters under the Voting Rights Act, but rather to create policy that would be “a disadvantage to the Democrats” and “advantageous to Republicans and non-Hispanic Whites.”  (Slate)
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