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Daisy Veerasingham To Become The First Woman To Lead The Associated Press In Its 175-Year History

The Associated Press (AP) has a new woman in charge! According to the company, Daisy Veerasingham has been appointed to president and CEO. She will become the first woman to hold the title since AP was first established 175 years ago. A first-generation British national of Sri Lankan descent, Daisy Veerasingham is the first woman, first person of color and first international citizen to lead The Associated Press. — Kat Stafford (@kat__stafford) August 3, 2021 Veerasingham, who is AP’s current executive vice president and chief opertaing officer, will succeed AP President and CEO Gary Pruitt who will remain in the role throughout the end of the year before he retires. “In Daisy Veerasingham we have chosen a proven leader with a deep understanding of how AP operates and a clear vision for the future. She appreciates the crucial role AP plays in providing journalism and services that are indispensable to the news industry,” said Steven R. Swartz, chairman of the...

Shanique Yates

Aug 4, 2021

TV Exec Kim Godwin Poised To Become The First Black Woman To Run A Broadcast News Network

Black women in media are killing it at the top of the career ladder, and EVP Kim Godwin is the latest to make a major move to ABC News. Deadline reports that Godwin — a longtime CBS News executive who currently serves as executive vice president of news — is poised to become the next president of ABC News, making her the first Black woman to run a broadcast network news operation. According to the New York Post, Godwin is set to replace James Goldston, who previously announced that he’d be stepping down from his position as of March 31. CBS reportedly agreed to let Godwin out of her contract — which had one year remaining on it — so that she could make the historic move. The outlet also reports under Goldston’s leadership, ABC News’ workplace environment was described by sources as “insular, divisive, cut-throat,” which in turn made it harder for minorities and women to see upward growth. Godwin is now being brought into the fold at the network with a mission to repair the...

Njera Perkins

Apr 13, 2021

How Barack Obama Increased His Net Worth to $70M After Leaving Office

It’s been over four years since former President Barack Obama was in office. During his term he earned the standard $400,000 salary that Business Insider reports every commander-in-chief receives. The business endeavors he made after leaving office, however, were a large contribution to his now $70 million net worth, according to International Business Times. Before Obama took office, he made about $165,000 a year as a senator of Illinois, according to NBC News. During that time he published several books and took off as an author, profiting over $500,000 from author fees in 2006 alone. Years before running for president, his combined income with his wife Michelle Obama, who at the time worked at the University of Chicago Medical Center, was $1.6 million. While in office, a president has a $50,000 annual expense account, $100,000 nontaxable travel account, and $19,000 for entertainment, in addition to their $400,000 salary, according to Business Insider . The former president now...

Abriana Walton

Dec 11, 2020

CaSandra Diggs Named First Black President of the Council of Fashion Designers of America

A Black woman is in charge of The Council of Fashion Designers of America. This week, the CFDA announced that CaSandra Diggs is the new president of the not-for-profit organization. Her appointment also makes her the CFDA’s first Black president. A member since 2001, Diggs previously served as the Chief Administrative and Financial Officer and will now develop strategy and make decisions “that further the CFDA’s purpose to champion, educate, and support its membership and the fashion industry-at-large.” “CaSandra is an innovative thinker with a strong understanding of organizational and business operations,” CFDA CEO Steven Kolb said of Diggs’ promotion. “Expanding her role will provide the CFDA with more opportunity to meet the needs of the membership in a broad and diverse way. It is a critical time for our industry, and she is the right person with the right ideas to help lead CFDA into the future.” In recent years, The Council has made efforts to create a more diverse and...

Niki McGloster

Aug 12, 2020

Government Data is Open to the Public, Here's What That Means

A decade ago, President Barack Obama first stepped into the Oval office and mandated the Open Government Initiative with a memorandum calling for transparency, participation, and collaboration of information from the Federal Government to the public. Now if it’s hard to wrap your mind around the concept of government and transparency altogether, let alone the other two principles, you’re not alone. This is where Open Data , a school of thought that some information ought to be available to the public without cost or copyright restrictions, comes into discussion in the United States. Although not the first push for public access to information in the U.S., (see: Freedom of Information Act of 1966 , Privacy Act Amendments of 1974 , Open Government Act of 2007 ), the scale of data collected and made available online over the past decade is unprecedented. So What Data Do They Have? The datasets represent information managed from various departments across Federal agencies and also pulls...

Asnat Ghebremedhin

Dec 18, 2019

BET Billionaire Predicts Trump 2020 Presidency

Although the 2020 election is nearly one year away, BET founder Robert L. Johnson has already predicted the outcome. In a recent CNBC interview, the billionaire entrepreneur and philanthropist projected President Donald Trump’s win based on the President’s strategic ability to turn the tide of news cycles and to make himself the lead story . In the past, Johnson has also touted the President’s economic success. In July, Johnson discussed the upward economic trend with CNBC, indicating record lows of black unemployment . More recently, in an interview with CNBC’s  “Squawk Box,” Johnson spoke about his ability to speak with President about various issues, aiming to give credit where credit is due, “ …when I see a president doing positive things, particularly for African Americans. ” When asked if a particular 2020 presidential candidate had clenched his vote, Johnson clarified, “ I don’t think it’s fundamentally in the best interests of African Americans to be locked up in one party. ”

Emily Adeyanju

Dec 12, 2019

Democratic Candidates and Their Plans to Close the Wealth Gap With Black Entrepreneurship

As Democratic candidates for the 2020 presidential election campaign to receive your vote, one topic is closing America’s wealth gap via monetary support for Black-owned businesses. Here is an analysis of each Democratic presidential candidate and whether or not they’ve proposed a plan to boost Black entrepreneurship: Sen. Cory Booker Getty Images The New Jersey senator wrote his plans to boost Black-owned businesses in an OpEd piece via BET . He proposed a $25 million funding investment in a nation-wide startup accelerator program for “geographically-underserved” communities. He wants to specifically target veterans, women, and people of color. Booker also wants to provide more capital for entrepreneurs in every community with a $1.5 billion investment in the State Small Business Credit Initiative (SSBCI). In addition, to close America’s racial wealth gap for young adults, he proposed a “baby bond” that would essentially be federally-funded savings accounts for every child born in...

Devin Crudup

Oct 16, 2019