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Harvard University does not intend to change its DEI efforts to align with the Trump Administration. As AFROTECH™ previously told you, President Donald Trump issued a two-week deadline that requires schools and university to no longer consider “racial preferences” in admissions, financial aid, or hiring. Educational institutions that fail to comply risk losing federal funding. T his aligns with the administration’s goal to dismantle diversity, equity, and inclusion (DEI) efforts, which has played out with the closing and ending of “ all DEIA initiatives, offices and programs” within the federal government. “Colleges and universities are going to find themselves between a rock and a hard place,” Angel B. Pérez, CEO of the National Association for College Admission Counseling, said to AP News at the time. “They know that what they’re doing is not illegal, but they are worried that if they do not comply, not having federal funding will decimate them.” Harvard University Responds In a...
Small business owners face a variety of risks, from economic downturns to lawsuits and unexpected disasters. When financial difficulties lead to bankruptcy, many business owners wonder if insurance can provide any protection. While insurance is designed to mitigate risk, not all policies cover bankruptcy-related losses. Understanding which types of insurance can help and what limitations exist is essential for business owners navigating financial uncertainty. The Role Of Business Insurance In Financial Protection Business insurance serves as a safety net against potential financial losses, but most policies are structured to cover specific risks such as property damage, liability claims, or employee-related incidents. Traditional business insurance does not directly cover bankruptcy, as bankruptcy itself is not considered an insurable event. Instead, insurance policies focus on protecting businesses from events that may contribute to financial distress, such as lawsuits, theft, or...
Teyana Taylor has become a household name thanks to her work throughout the entertainment industry. Although she comes from a well positioned family, the mother of two has come into her own. Over the years, Taylor has developed her own image, style and money, even going on to coach other starlets into their most confident selves. W hether she’s topping the charts with her latest album, exercising her famous abs for a photoshoot or working on brand collabs , the multi-talent is making money moves. Teyana Taylor has built her own financial empire that just keeps on giving. Although she has been making headlines for her multi-million dollar divorce from NBA champion Iman Shumpert, she’s still got it . Here is what we know about Teyana Taylor’s net worth in 2025. How Did The “Rose In Harlem” Hitmaker Become Famous? (Brian Ach/WireImage) Teyana Taylor’s fame stems from a number of sources dating back to the mid-2000s. The performer grew up in Harlem, New York, as fans who listened to her...
Da Brat has been a powerhouse in the hip-hop industry for decades, making history as the first female rapper to go platinum. Over the years, she has expanded her career beyond music, diving into business ventures, television, and radio. With multiple streams of income and a legacy that continues to influence hip-hop, Da Brat’s net worth in 2025 reflects her longevity in the industry and her smart financial moves. Da Brat’s Rise To Fame Born Shawntae Harris, Da Brat burst onto the hip-hop scene in the early 1990s after winning a rap contest that caught the attention of producer Jermaine Dupri. Under his guidance, she signed with So So Def Recordings and released her debut album, Funkdafied , in 1994. The album was a massive success, selling over a million copies and making Da Brat the first solo female rapper to achieve platinum status. Her distinctive flow, energetic delivery, and ability to blend street rap with mainstream appeal helped her carve out a unique space in the industry....
Mastercard has agreed to settle a discrimination lawsuit impacting its minority employees. According to a press release, the fintech company had allegedly been underpaying its female, Black, and Hispanic employees. T he class-action lawsuit — which was filed in the U.S. District Court for the Southern District of New York — claims 7,500 employees in job levels 4-10 across the United States dating back to September 2016 were impacted. Details in the lawsuit share that the women and people of color received less compensation for conducting equivalent work to their male and white counterparts, the New York Times reports. The major fintech company had agreed to pay a $26 million settlement prior to the lawsuits filing on Jan. 14, 2025. The settlement now awaits approval from the court. “We are very pleased to have reached this nationwide settlement with Mastercard, which we believe represents a fair compromise,” Cara E. Greene, partner at Outten & Golden LLP and lead counsel for the...
Employers’ liability insurance is a crucial type of business insurance designed to protect employers from financial loss if an employee sues for a work-related injury or illness. While workers’ compensation insurance typically covers medical expenses and lost wages for injured employees, employers’ liability insurance provides coverage when an employee alleges that negligence or unsafe practices by the employer directly contributed to their injury or illness. This insurance safeguards businesses against potentially devastating lawsuits, ensuring that employers can manage legal and financial risks effectively. How Employers’ Liability Insurance Works Employers ’ liability insurance comes into play when an employee believes their injury or illness resulted from the employer’s negligence and chooses to file a lawsuit rather than rely solely on workers’ compensation benefits. For example, an employee might claim the employer failed to provide adequate safety training, leading to an...
NFL quarterback Deshaun Watson has made headlines for his on-field achievements and off-field controversies. As one of the highest-paid athletes in professional football, Watson’s net worth in 2024 reflects his lucrative contracts, endorsement deals, and financial investments. Despite facing legal and public challenges, his financial status remains significant in the sports world. In this article, we’ll explore Deshaun Watson’s net worth in 2024, the key sources of his wealth, and how his career has impacted his financial standing. Watson has been in the news quite a lot recently, largely due to the Browns offensive struggles, and most recently, suffering a season-ending Achilles injury that drew a ravish personal defense from teammate and backup quarterback, Jamies Winston, who is, of course, known for his innate talent to go viral and inspire resilience in his teammates. Although Watson’s dealt with his fair share of recent struggles and his 2024 season may be ending early, he’s...
If you’re a fitness nut, you’re likely already aware of the El Segundo, California-based multi-level marketing company Beachbody. The company, which operates a number of affiliate entities including Shakeology and Beachbar supplements, as well as Beachbody On Demand and MYXfitness live-coaching has recently announced a major shift in their business model. The company’s new approach sees them moving full-steam ahead towards profitable growth , as they eschew their MLM framework for a more streamlined single-level affiliate program, in a bid to appeal directly to their highest-spending consumers. Essentially, this cuts out the middle man, and allows those interested in taking video courses or purchasing supplements to meet their corporate supplier right at the source. Given that the company is projected to experience exponential growth with their new streamlined approach, it only makes sense to examine Beachbody’s history, current net worth, and plan for the future. This should give...
Snap Inc. has reached a settlement and paid additional severance benefits to three female employees who claimed last year’s layoffs disproportionately targeted women, according to The Wall Street Journal . A Snap spokesperson told the Wall Street Journal that the layoffs “impacted both men and women” and “the decisions we made when determining the people impacted had absolutely nothing to do with gender.” However, CNBC reported that one round of job cuts only laid off women from Snap’s growth and design team. This team worked closely with Snap’s CEO Evan Spiegel and “top lieutenants,” according to The Wall Street Journal. This isn’t the first time Snap has come under fire from female employees. As noted by Gizmodo , after the May layoffs, Cheddar published an email written by former Snap software engineer Shannon Lubetich. In it, she described a “pervading sexist vibe” and told Cheddar that she’d been “unhappy and frustrated with the internal response to me bringing any issues to...
Nearly 200 million Yahoo users in the U.S. and Israel are expected to receive checks from the company now that a two-year legal battle has ended. Yahoo has agreed to a $50 million settlement after a 2016 data breach impacted its email accounts. The company has been providing AllClear credit monitoring services for all impacted users over the span of two years. When the cyber-attacks initially happened in 2013, Yahoo originally disclosed that 1 billion of its users were impacted by the breach. The company later announced 3 billion of their email users were affected. Oath, which now owns Yahoo, will pay half of the settlement along with holding company Altaba. Yahoo’s settlement shines a light on the potential future of data breach settlements. In July, Target reached an $18.5 million settlement for its 2013 hacks. Now, eyes are on Facebook for its most recent hacks and Cambridge Analytica scandal.
Despite recent efforts by major tech players and startups to fill their boards with diversity officers and create specific programs in order to increase hires of individuals who are typically disparaged, the dearth of minorities in the space — both at the C-Suite and throughout different levels — is still prevalent. Nationwide, tech executives spanning the top tiers of management throughout an organization are estimated to be roughly 83 percent white and 80 percent male. Even beyond the racial and gender employment gap, recent research revealed that LGBT candidates for tech jobs earn less than their straight counterparts . In fact, an additional report from advocacy organization StartOut, found that LGBT entrepreneurs also have more difficulty raising venture capital. As a founding member of a blockchain tech company, these stats greatly disturb me. However, as a black, gay man in 2018 America, that number does not shock me. A chat with any CEO in Silicon Valley (or a simple Google...