News Roundup

News Roundup (930)

Citigroup’s First Woman CEO Always a Working Mom

When Citigroup selected Jane Fraser to be its CEO this month, making her the first woman to head a major Wall Street bank, it also elevated a proud working mother. So reports Reuters.

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Apple’s New Human Rights Policy Quells Some Chinese Censorship Concerns

Apple has won some praise for a new human rights and free speech policy adopted earlier this month after shareholders blasted the firm for conforming to China over censorship of content. So reports Fortune.

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Comcast HR Manager Alleges He Was Cheated from Overtime Pay

A Comcast Cable Communications human resources manager alleges in a lawsuit that the firm cheated him from overtime wages. So reports Bloomberg Law.

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Gender Pay Gap Closing Especially for Newly Hired Women

The pay gap between women and men is getting narrower, especially for women who are new hires, according to a new study. So reports Bloomberg

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Black Ex-Franchisees of McDonald's Allege Discrimination

More than 50 black individuals who are former McDonald’s franchisees allege the fast food giant denied them "equal opportunity to economic success” compared to their white counterparts. So reports NPR.

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Amid Pandemic and Racial Strife, HR Heads Embrace New Opportunities

Human resources leaders who were dealt two seismic events within the first few months of 2020 are sharing sage advice on tackling the tremendous challenges they face. So reports Fortune.

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How One Big Hotel Chain is Looking Out for Its Workers During the Pandemic

Marriott International had seen its revenues plummet 75% by mid-March, just two months since the U.S. had its first official Covid-19 case, but the hotel chain’s response since that time has gained it recognition as a top employer so far this year. So reports Forbes.

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Hedge Funds Fail to Elevate Black Employees to Senior Roles

While leading banks and private equity firms had vowed to do more to increase the number of black employees to senior roles after the police killing of George Floyd in May, hedge funds have not been as vocal about doing the same. So reports Reuters.

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Pandemic Highlights Importance of Feedback, Performance Talks

The Covid-19 pandemic has highlighted greater interest among employers and employees to have consistent feedback and regular discussions about performance. So reports Bizwomen.

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Goldman Sachs Commits to More Black, Latino, Women VPs

Goldman Sachs Group earlier this month laid out a goal of having 7% and 9% of its Black and Latino staff, respectively, serving as vice presidents by 2025. So reports Reuters.

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