Category: Business Written by Charlene Crowell
(NNPA)—President Obama recently nominated Melvin (Mel) Watt, a long-time North Carolina Congressman, to direct the Federal Housing Finance Agency. While major news media reported on the development, few mentioned exactly what the new job would entail or the significance of an African-American potentially leading a key financial office.
Last Updated on Thursday, 16 May 2013 15:45
Category: Business Written by Damon Carr
Ok, I’ll admit the title is somewhat exaggerated. My second choice was “I would never recommend a reverse mortgage to my grandmother.” I think you know where I’m going with this article. I’m not a fan of reverse mortgages. In fact, I despise them. Before I go into the details as to why, let me ask you a question? If you had an opportunity to get a loan and didn’t have to make a payment during your life, would you consider it? If you answered yes, you’re easy bait for a reverse mortgage.
Last Updated on Thursday, 16 May 2013 15:45
Category: Business Written by Courier Newsroom
Last Updated on Wednesday, 15 May 2013 15:39
Category: Business Written by Diane I. Daniels - Courier Business Writer
SHARING A MOMENT—Juanita Lomax, chair for the PNC Pittsburgh African American EBRG’s Community Outreach and Event Planning Committees and Susan L. Taylor founder and CEO of the National CARES Mentoring Movement encourage one another. (Photos by Diane I. Daniels)
Juanita Lomax helps PNC open doors to minorities through PNC Supply Chain Management.
As a Business Systems Analyst for PNC Supply Chain Management the responsibility of Lomax is to focus on the development and implementation of systems and applications for Supply Chain Management and other businesses within the company. Employed with PNC, considered among the leading financial services organizations in the country since 2006, she takes her job very seriously. She also views her roles as chair of the Pittsburgh African American EBRG’s (Employee Business Resource Group) Community Outreach and Event Planning Committees seriously. She says the organization was established as part of PNC’s corporate-wide diversity and inclusion initiative to support programs that engage employees, customers, communities and suppliers.
Last Updated on Wednesday, 15 May 2013 17:17
Category: Business Written by Rebecca Nuttall - Courier Staff Writer
CORPORATE EQUITY & INCLUSION ROUNDTABLE—Twenty-five organizations convened to make the event possible. (Photo by J.L. Martello)
On May 13, leaders from some of Pittsburgh’s largest corporate entities were asked to consider the implementation of the Rooney Rule in their hiring at a historic meeting of corporate, government, and community leaders.
Leading the call was Robert DeMichei, senior vice president and chief financial officer of UPMC, who said it is already committed to implementing an adapted version of the Rooney Rule.
“I think you saw a lot of commitment across the spectrum,” said Allegheny County Executive Rich Fitzgerald, who played a key role in bringing the meeting to fruition. “I think UPMC did a great job of issuing a call to action.”
The Corporate Equity and Inclusion Roundtable was the product of 25 convening organization led by Fitzgerald and Black Political Empowerment Project Chairman Tim Stevens who solicited Fitzgerald’s support for the initiative in 2011.
According to Stevens, UPMC committed to expanding the Rooney Rule to all levels of hiring and also contracting while calling on others to do the same. Stevens said UPMC has also suggested corporations commit to producing annual reports on their hiring and contracting.
The Rooney Rule, created by Pittsburgh Steelers owner Dan Rooney, requires National Football League teams to interview minority candidates for head coaching and senior football operation job openings. Current Steelers President Arthur Rooney II presented the Rooney Rule’s possible application in corporate Pittsburgh at the event.
“There were very powerful statements today,” Stevens said. “Part of it was a collective admission that we’re not where we need to be.”
According to census data, in 2011 African-American unemployment in the Pittsburgh region was at 19 percent. In 2010, the region was listed as 40th out of 40 regions in the nation with regard to the conditions of the Black working poor.
“Changes in culture take a long time. But most of the time conversations like this are pretty negative. Pittsburgh has had a lot of unsuccessful initiatives, but today there were a lot of success stories,” said Paul Harper, a professor at the University of Pittsburgh Katz Graduate School of Business. “No one is debating there is a problem.”
While the event’s coordinators said leaders from several private entities were committed to increasing diversity and inclusion, the media was prohibited from attending the roundtable to hear commitments from corporations first hand. Still, other community leaders said they believed the meeting would have an impact on helping minorities.
“I think getting the diverse mix of corporate, government and community, the number of people who were in this room, is exactly the appropriate platform for us to move forward,” said Esther Bush, president and CEO of the Urban League of Greater Pittsburgh. “It depends on the follow up but I think all of us have committed to the follow up.”
“It’s a call to action but hopefully this time around it’ll be more than talk,” said Robert Agbede, president and CEO of Chester Engineers.
Stevens said corporate leaders will have the chance to share their commitments with the public at a press conference some time next week.
Your comments are welcome.
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Last Updated on Wednesday, 15 May 2013 15:24
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