News Roundup

News Roundup (952)

Ensuring Worker, Customer Happiness is a Key to Boosting Growth

The key to boosting growth is to ensure employees and customers are happy. So reports ZDNet, citing a Forbes Insights study.

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Goldman Sachs Wants Execs to Return $174M Following Corruption Scandal

Goldman Sachs is seeking to retrieve $174 million from current and former executives following the firm’s agreement on a $2.8 billion settlement connected to a Malaysian corruption scandal. So reports Forbes.

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Ex-Georgia HR Head Sentenced to Prison for ID Theft Scam

A former Georgia human resources director has been sentenced to two years in prison following an earlier guilty plea on a single count of aggravated identity theft. So reports Albany Herald.

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T. Rowe Price Hires First Global D&I Head

Mutual fund giant T. Rowe Price has hired Raymone Jackson as its global head of diversity and inclusion. So reports Citywire Selector.

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Pilot Program Targets Black Recruits for Investment Banking Giant

Investment banking giant Morgan Stanley has debuted a pilot program intended to increase the ranks of Black financial professionals for its Fixed Income & Business Resource Management Divisions. So reports Reuters.

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Asset Managers Get Failing Grade On Gender Diversity

Researching investments that put a premium on gender diversity is considered by less than 50% of asset managers. This undermines the industry’s call for more women in leadership roles. So reports Bloomberg, citing pension consultant Redington.

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Target Arms Frontline Employees with $200 Bonuses Amid Covid-19

Retail giant Target has set aside $70 million in bonuses for 350,000 employees working during the holiday season amid the ongoing coronavirus pandemic. So reports ABC11.

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Wells Fargo Axed 100+ Staff for Deceit in Collecting Covid-19 Relief Funds

Wells Fargo & Co. handed pink slips to more than 100 of its employees who are suspected of lying to secure coronavirus relief funds for themselves. So reports Bloomberg, citing a person familiar with the matter.

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Gay Latino Ex-Goldman Exec Says Wall Street Is Far Behind On Diversity

A top former Goldman Sachs executive once seen as a potential CEO at the firm said that Wall Street has gained a greater appreciation of diversity during his 19 years working at the investment banking giant, but is still lagging badly. So reports Reuters.

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Navigating Post Election Blues In Workplace

The November 4 Presidential Election may be over, but there is little let up for human resources leaders trying to maintain calm and civility in the workplace.

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