On the Move: KPMG’s New Diversity Chief, Michele Meyer-Shipp

In August, Michele Meyer-Shipp was named Chief Diversity Officer at KPMG.

KPMG is one of the world’s largest auditing companies along with Deloitte, Ernst & Young, and PricewaterhouseCoopers. The Amsterdam-based company employs 189,000 people and provides professional services in the areas of financial audit, taxes, and advisory.

According to a press release, Meyer-Shipp is an executive and attorney with “significant experience in inclusion strategy and employment law.” She joins KPMG as a partner.

More information on her appointment is included in the press release:

“[Meyer-Shipp] will lead the national Inclusion and Diversity (I&D) team and oversee its strategy and objectives, including growing diverse leaders and collaboration; inspiring broad perspectives and innovative client solutions; and fostering an inclusive, accessible, and vibrant workplace. She will work closely with KPMG’s leadership teams to advance its inclusive and diverse culture, which has earned the firm recognition as a top workplace by FORTUNE magazine, DiversityInc, Working Mother, and The Human Rights Campaign.”

Prior to joining KMPG, she was the chief diversity and inclusion officer at Akin Gump Strauss Hauer & Feld LLP. She also served as vice president and counsel and then chief diversity officer at Prudential Financial.

Meyer-Shipp holds a Juris Doctorate (J.D.) degree from Seton Hall University School of Law and a Bachelor’s degree from Rutgers University. She sits on several professional boards and organizations including Twitter’s Inclusion Advisory Council, Working Mother Media’s Multicultural Women’s Advisory Board, the National Organization on Disability Board, and the Center for Talent Innovation Diversity and Inclusion Council.

“Companies with inclusive and diverse cultures are better positioned to adapt, grow, and thrive – and we take great pride in embedding these values into our programs and actions,” said Darren Burton, KPMG’s Vice Chair of Human Resources via a press release. “Our national diversity networks engage nearly half of our 30,000 people in professional development, mentoring relationships, and community service activities. Michele’s skills and experience will help us continue to enhance our efforts to recruit, develop, and retain diverse talent.”




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Career | Black Enterprise


Black New Yorkers Should Be Wary Of Amazon’s Move to Queens

Jeff Bezos comes across as your typical white, progressive billionaire. He’s brilliant, business savvy, and uses his whopping wealth to support liberal causes — sometimes. So on the surface, the announcement that his company, Amazon, is building a second headquarters in Long Island City (LIC), a neighborhood in the New York City borough of Queens, would seem like a good thing. For one, this means Amazon will bring 25,000 jobs to New York and help fuel the city’s local economy. But who will really benefit from this move? Let’s break it down.

The Promise

Amazon says the average salary of workers at its new headquarters (HQ2) will be $ 150,000. However, there’s no guarantee or stipulation in the deal stating that those jobs will go to locals. Plus, given the tech industry’s poor track record in diversity, there’s good reason to be skeptical about the number of people of color who will actually fill those six-figure income positions. On the other hand, administrative assistants and maintenance staff workers will earn much less, and, as a result, won’t be able to afford to live in LIC, where one-bedroom apartments in an older building rent for more than $ 2,000 a month, while rents in LIC’s new towers cost over $ 3,000 a month.

As part of the deal, Amazon will hire union construction workers to build its offices. The tech giant also promises to host events at the nearby Queensbridge Houses, the largest public housing projects in the nation. Such events include job fairs and resume workshops along with a workforce development program. It’s commendable, but it turns out that New York taxpayers will be funding the majority of these initiatives. According to the agreement, Amazon will invest $ 5 million in the programs, while $ 10 million will come from the city and state revenue. Furthermore, Queensbridge tenants deserve more than vague promises of job fairs that won’t necessarily equip them to compete for Amazon’s lucrative jobs.

The global behemoth also vows to hire women and contract minority-owned businesses, but, again, there are few specifics about the exact investments.

The Reality

The announcement that HQ2 will be built in New York sparked a frenzy of backlash and protest from residents who live in Long Island City and surrounding neighborhoods who fear that they’ll soon be priced out of their homes. Following the announcement of the deal, real estate speculators began to buy up properties, which is going to increase the rents even more. This also signals an exacerbation of gentrification in the area, which disproportionately hurts black and brown communities. Not only will this likely increase the cost of living within the neighborhood, but HQ2 is also replacing the city’s original plan to build 1,500 affordable housing units.

A similar situation occurred when Amazon built its headquarters in Seattle, Washington, in 2013. Within five years, the influx of white techie bros led to skyrocketing rents and home values and accelerated a homelessness crisis. To make matters worse, the trillion-dollar company was instrumental in killing a tax on businesses that would have been used to generate revenue to combat the epidemic.

On top of that, the New York deal was configured in secrecy without public input. As a result, New Yorkers had no say on the fact that the state and city handed Amazon a $ 2.8 billion incentive package to lure it to the Big Apple. That’s billions of dollars in subsidies that could have otherwise been invested in public schools, public housing, or the city’s crumbling mass transit system.

New York boasts a population of 8.6 million. Only a small percentage of city dwellers and transplants will land high-income jobs at HQ2. Meanwhile, for the rest of us — good luck ever finding a seat on the 7 train, while Bezos flys high in a tax-funded helipad.

For more on how Amazon’s HQ2 will impact New York City, click here.


The ideas and opinions expressed in this article are solely those of the author’s and not necessarily the opinion of Black Enterprise.

The post Black New Yorkers Should Be Wary Of Amazon’s Move to Queens appeared first on Black Enterprise.

Money | Black Enterprise


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Nattie Neidhart’s Eulogy For Late Father Jim “The Anvil” Neidhart Will Move You to Tears

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Elon Musk says there’s a 70% chance he’s going to move to Mars

elon musk mars

Elon Musk wants humans to make it to Mars. With his company SpaceX at his back, he’s pushed forward with some incredibly bold claims about what is possible for mankind on the Red Planet. He’s shown off concepts for Mars settlements and even called out scientists who say climate engineering on the planet is impossible.

Now, in an interview with HBO’s Axios, Musk doubles down on one of the more off-the-wall claims he’s made during his years in the spotlight. Mars, he says, will be his eventual home, and he estimates his odds of moving to the planet at a generous 70%.

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Elon Musk says there’s a 70% chance he’s going to move to Mars originally appeared on BGR.com on Tue, 27 Nov 2018 at 00:09:19 EDT. Please see our terms for use of feeds.



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Video Shows Dad Shoving Kid in Hilariously Ruthless Soccer Move Because Victory Is the Only Option

It’s hard for adults to stand on the sidelines while tiny children attempt to play their favorite sports. For a perfect example of this, check out this video of an adult turning a child into a goalkeeper, whether they wanted to be one or not.

The video shows a determined soccer dad turned very enthusiastic goalkeeper coach, showing the world what a true enthusiastic sports dad is like. The video was shot at what was reportedly an under-8 game (meaning all players were under eight years of age) between Bow Street Magpies FC and Ysgol Llanilar FC in Wales.

In the video which was shared on Twitter, the father sees the ball coming towards the goal, sees his child not see the ball coming towards the goal, and springs into action. He had apparently decided that the most efficacious course, besides blocking the shot himself, was to knock the tiny goalie over. That sent the kid flying into the path of the soccer ball, preventing the goal. It was an effective if somewhat ruthless move that resulted in a good save.

While the video cuts off before the match referee can decide if this move would be allowed, in the end it didn’t really matter. A player on the opposing team seized the opportunity for a rebound and kicked the ball in the net while the goalie was still sprawled on the ground and undoubtedly questioning whether or not they should tell their mother what just happened.

Watch out, World Cup, a new goalkeeper (and his dad) could be coming your way.

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A serial entrepreneur involved in a slew of fashion and luxury firms, Moufarrige revealed he’s also a shareholder in Designer Parfums, which recently sold a majority stake in Jean Patou to LVMH Moet Hennessy Louis Vuitton, which plans to introduce ready-to-wear and accessories under former Nina Ricci and Carven designer Guillaume Henry, as reported. Designer Parfums markets fragrances for the likes of Worth Paris, Ariana Grande, Porsche Design and Naomi Campbell.

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Why Investing in Black Women’s Art is a Power Move

The social climate has always impacted the art world. Currently, women’s issues are at the forefront of politics and social justice; in turn, the art industry is affected—particularly its women. Research conducted by the National Endowment for the Arts found women artists, who account for 51% of all visual artists, make only $ 0.81 to every dollar earned by their male counterparts. This data matches, eerily, the national gender wage gap reported by the Bureau of Labor Statistics and speaks sorely to the sign of the times.

However, on the flip side of grossing significantly less than men, women are having a profound influence on art sales, breaking records now more than ever. According to the New York Times, “last spring in New York, auction sales records were shattered for the works of 15 female artists.” Among them, artist Cecily Brown’s sale topped the bunch at $ 6.6 million. Of the group, only two women were black—Lorna Simpson and Xaviera Simmons—whose sales came in unsurprisingly lower at $ 350,000 and about $ 30,000.

black women artists

Xaviera Simmons, “A Country Built On Free Labor.’ Print (sothebys.com)


But even a few black women realizing success at the auction level is a major inspiration for others.

“I celebrated when I read that Lynette Yiadom-Boakye’s portraits of black figures sold for a total of $ 2.5 million last year and Njideka Akunyili Crosby reached $ 3.4 million earlier this year,” expresses Tracy Murrell, an Atlanta-based artist. “I am a huge fan of both artists and to see the work of black bodies by black female artists at that level of the art world is symbolic validation that there is a place in the high-end art world for what I create.”

Traditionally, a lofty auction sale results in an increase of value for a given artists’ work and their visibility as well as the opportunity to exhibit in art institutions and become part of their collection. So  this news should have a trickle-down effect: recognition and an uptick in sales for other women artists. At least that is how it worked for white male artists throughout history. However, along with gender disparity, race disparity is reflected in the art market.

Artnet performed an analysis which explores how African American artists fare financially at auctions using the volume of sales. It was discovered black art sales at auctions are on the rise, yet “of the contemporary American artists selling for over a million dollars at auction, a mere one-tenth are black,” and of the top 100, only two are women—Kara Walker and Mickalene Thomas.

The upside is that the disparity makes it a good time to consider a serious investment in women’s art— and particularly black women’s art.

black women artists

Lorna Simpson, ‘Ultra Blue.’ Mixed Media (mutualart.com)


This is where art collectors and enthusiasts can effect change. Aside from the personal financial gains, investing in black art establishes greater market value for an otherwise underrecognized demographic and contributes to the black economy. Lauren Harris, gallery manager and curator for Zucot Gallery explains:

“Investing in art created by black women is something we all should be doing. There are two main reasons: our narratives and our worth.”

“In my 10 years of being in the art world, black women have had the truest and most unapologetic voice personified in their art,” Harris says. “From Lorna Simpson to Kara Walker and more recently Njideka Akunyili Crosby and Simone Leigh, black female artists break the mold, driving ‘cultural shifts’ in the market.”

If you’ve been considering investing in art created by black women, Harris suggests the timing is right:

“Now that artwork by black women are ‘trending’ in the mainstream art world due to high sales at auctions and acquisitions by notable collectors, there can come a time when their work is less attainable. The same way Amy Sherald shot to fame after being revealed as the artist behind former FLOTUS Michelle Obama’s portrait for the National Portrait Gallery, can apply to the many working professional black female artists from all over.”

Harris warns: “Invest now, so you won’t be sorry later.”

The value of art is typically stable; the average annual return on art investments is +7.6%, according to Artprice. And if that doesn’t get your coins twerking, check these five black women artists for motivation:

black women artists

Samella Lewis, ‘Field Hand.’ Watercolor on paper (Pinterest)


black women artists

Beverly Buchanan, To ‘Prudence Lopp,’ Mixed Media (nyartbeat.com)


black women artists

Tamara Madden, ‘Vanquisher,’ Acrylic on canvas (Pinterest)


black women artists

Tracy Murrell, ‘For Sloan,’ Mixed Media (tracymurrell.com)


black women artists

Deborah Roberts, ‘Not on me,’ Collage (deborahrobertsart.com)


black women artists

Harmonia Rosales, ‘The Virgin,’ Mixed Media (harmoniarosales.com)

Harmonia Rosales, ‘The Virgin,’ Mixed Media

On Thursday, Oct. 4, Swann Gallery, which is one of the only major auction houses for African American artwork, is holding their autumn auction. This is a fine time to get in on investing in fine art from artists ranging from Thelma Johnson Streat to Elizabeth Catlett. Bidding starts at 2:30 p.m. ET. You can attend in-person or livestream on the gallery’s website.

The post Why Investing in Black Women’s Art is a Power Move appeared first on Black Enterprise.

Lifestyle | Black Enterprise