Connect with us

Business

Beyonce Reportedly Made $300 Million From Her Uber Investment

Published

on

Uber went public last week and their shares have been plummeting ever since. Despite this, singer Beyonce has still managed to score a $300 million profit from her investment. Many are wondering how this is possible since Uber’s shares plunged during the first week, closing as low as 17% below its IPO price!

Well, according to The New York Times, Beyonce received $6 million in restricted stock units (RSUs) from Uber co-founder Travis Kalanick to perform at a private company event in Las Vegas in 2015.

Here’s a little bit of information about restricted stock units (RSU). It’s compensation issued by an employer to an employee in the form of company stock that are assigned a fair market value when they vest. Upon vesting, the stock units are considered income, and a portion of the shares is withheld to pay income taxes. The employee receives the remaining shares and can sell them at his or her discretion.

So, Beyonce, although not a regular employee of Uber, was in fact “an employee” temporarily when she performed at the company’s private event. While the exact value of the shares at the time is not known, it can be assumed that the value was around $20 to $25 per share.

But when Uber’s IPO initially debuted, it started trading at $42 per share. So, if she sold her shares immediately despite the IPO plummeting, she could have easily made $300 million or more from her shares.

Another win for the Beehive!

Advertisements
Continue Reading
Advertisement

Business

Microsoft to Partner With Huge HBCU Hiring Event For Software and IT Professionals

Published

on

Nationwide — HBCU Connect and Microsoft have partnered to offer an amazing opportunity to  software engineering professionals. On February 13th, the two companies will host a special Recruitment and Networking Reception in Dallas, Texas for HBCU grads turned tech professionals interested in working for Microsoft.

At the event, participants will learn more about Microsoft and converse with Microsoft recruiters and hiring managers with the unique opportunity for candidates to land next day interviews on the 14th followed by same day job offers!

Event Date: Thursday, February 13th, 2020 – with next day interviews and offers on the 14th
Event Time: 5:30pm to 8:30pm
Event Location: Dallas, Texas – Exact location provided with confirmed registration

Microsoft has hundreds of openings for software engineers and technical program managers, so whether you are a coder or have progressed into program management with a background in software engineering, you really need to make it to this event! Microsoft offers a great work atmosphere, great pay and benefits, crazy room for advancement, and a progressive work environment.

The team behind the event is Microsoft “COSINE”, which stands for Core Operating System and Intelligent Edge technology. As a part of the Microsoft Cloud + AI division, the COSINE organization delivers technologies and solutions that establish the OS platform foundation across Microsoft’s everchanging product lines.

The COSINE organization within Microsoft would like to hire as many Software Engineers and Technical Program Managers as possible from the HBCU Connect hiring event. So, if you have experience developing code in C++, Java, C# or other modern programming languages, or you used to write code but now have years of experience as a program manager, you should register to attend this event.

While most of the opportunities will be at Microsoft’s headquarters in Redmond, WA, Microsoft offers a very competitive salary and relocation package for potential employees. Microsoft also has a thriving community of Black professionals, many of which are part of their long-standing employee resource group called Blacks at Microsoft (BAM).

This is a very unique opportunity for software professionals to get their foot in the door at Microsoft.

How to register:
Space is limited! Submit your resume and contact information at www.hbcuconnect.com/resumes or email your resume to rsvp@hbcuconnect.com

Companies interested in discussing the execution of similar events, and/or leveraging HBCU Connect in support of their diversity hiring strategies, should contact us at events@hbcuconnect.com.

For individuals interested in attending future events hosted by HBCU Connect, register at www.hbcuconnect.com/resumes.

Advertisements
Continue Reading

Business

Leader In Fostering Diversity

Published

on

TV ONE NAMED AMONG TOP COMPANIES FOR PEOPLE OF COLOR BY COUNTRY’S LEADING ORGANIZATION FOR DIVERSITY IN THE COMMUNICATIONS INDUSTRY 

TV One was recently named one of the Top Companies of 2019 for People of Color by the National Association for Multi-ethnicity in Communications (NAMIC), the premiere organization focusing on cultural diversity, equity and inclusions in the communications industry. As announced by NAMIC, TV One was among the top five programmers and is recognized as a leader in fostering diversity and inclusion in the cable and communications industry. The findings were gleaned from the 2019 NAMIC AIM Report which ranked the top five operators and top five programmers.  “It is an honor for TV One to be recognized by NAMIC as a leading company for diversity,” said TV One General Manager Michelle Rice. “We strongly believe diversity and inclusion are key business imperatives that cultivate a positive work environment for our employees to thrive. We will continue to invest and employ programs and strategies to retain and recruit both a dynamic and diverse workforce.”

Other top programmers ranked by NAMIC include AMC Networks, CBS Corporation, NBCUniversal and Revolt Media & TV; top operators include Altice USA, Charter Communications, Comcast, Cox Communications and Mediacom Communications Corporation. 

“Building a diverse talent pool not only is the right thing to do, but also is essential for driving bottom-line results,” said NAMIC President and CEO A. Shuanise Washington. “These 10 companies are leading the way in adopting successful diversity and inclusion strategies that ensure we embrace differences and more accurately reflect the representation of our industry stakeholders as well as today’s workforce.” 

Funded by the Walter Kaitz Foundation and conducted by Mercer, the survey captured organizational workforce demographics, diversity practices, non-traditional employee benefits, and other indicators of corporate commitment to diversity and inclusion. The survey also gathered information that enabled the creation of industry-wide Internal Labor Market (ILM) maps showing the workforce dynamics – hires, promotions, and exits – of people of color in the industry. Data is being used to determine the steps the industry needs to take over the next five years to recruit and retain diverse talent. 

Twenty-one organizations participated in the survey, which represents an estimated 75.5 percent of the cable and communications industry’s workforce. 

The full report is available at http://namic.com

Advertisements
Continue Reading

Business

Black Man produces water out of thin air!

Published

on

By

Advertisements
Continue Reading

Hot Topics