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Texas’ economy is arguably the largest in the United States: over fifty Fortune 500 companies in the U.S. are situated here. Texas is an industry leader in the global energy sector and a number of major oil companies are based in Texas, though it’s not just oil. There is also tech, finance, aeronautics and healthcare. Texas is one of the major hubs for computer hardware and software development in the country. Jobs in Texas are growing faster than in other parts of the US, and salaries can vary based on experience, education, location, and employer, though some careers tend to offer higher pay across the board. Let’s go over the highest-paying jobs in Texas right now. IT Managers And Software Engineers The tech industry in Texas, particularly in cities like Austin and Dallas, is booming. IT managers, software engineers and software-related roles are in high demand, and their salaries reflect this demand. IT managers, for example, who oversee technology projects and teams, can earn...
Rosalind “Roz” Brewer has joined a coalition of leaders to advocate for financial prosperity in Black communities. As AFROTECH™ previously told you, Brewer — an alumnus of Spelman College — formerly helmed as Walgreens Boots Alliance chief executive officer (CEO). This company, headquartered in Illinois, owns the retail pharmacy chain Walgreens in the U.S. and the U.K. However, Brewer exited her position in August 2023. She was the only Black woman to hold the C-suite title in the S&P 500 at the time, per Bloomberg. The former Walgreens CEO was also the third Black woman to lead a Fortune 500 company, notes Forbes. Before Walgreens, Brewer served in leadership roles for retail giant Walmart and then transitioned to its Sam’s Club division as president and CEO to advance digital technology and improve shoppers’ experience, a news release mentions. She also took on the role of the chief operating officer (COO) of Starbucks Coffee Company from 2017 to 2021. Her contributions included...
Fortune Magazine recently released its annual Fortune 500 list, and the outlet was quick to brag that it had a “record number” of Black CEOs on its coveted list. And they even invoked George Floyd’s name to brag about the accomplishment. “In the wake of racial protests following the murder of George Floyd, companies pledged to increase diversity within their executive ranks and accelerate change internally,” reports the outlet. “This year, six Black chief executives sit atop Fortune 500 companies, making up just over 1% of businesses on the 2022 ranking. That’s a noteworthy increase from last year when only five Black CEOs ran Fortune 500 companies.” *Cringe* The Fortune 500 list shows that there’s a world of difference between equality and equity. In other words, while everyone has the same opportunities (at least in theory), they’re not always going to be granted the same results, even if all things are assumed to be otherwise equal (and we all know they’re not). Six Black CEOs on...
Working in corporate America is one thing, but serving as a board member across several corporations is another. Ursula Burns went from CEO of Xerox to sitting on various boards for companies including Boston Scientific, the University of Rochester, the MIT Corporation, American Express, Exxon Mobil, Uber, Waystar, and more. During her tenure at Xerox, Burns was the first Black woman to serve as a CEO of a Fortune 500 Company. For this week’s Black Tech Green Money episode, Burns sits down with Heather Hiles, the Managing Partner at Black Ops Ventures and the founder of Pathbrite, during AfroTech Executive Brooklyn. The two discuss the new era of Women In The Boardroom and how to navigate your way into those rooms and claim a seat a the table.
Bubba Wallace and Leidos are back again with a new partnership! Leidos, a Fortune 500 science and technology leader, is now a primary partner for 23XI, according to a press release. The company first backed the NASCAR phenomena in 2016 during two seasons of his Xfinity Series career. Now, the dynamic duo is joining forces once more for the 2022 Cup Series Season.
While Black CEOs are becoming more commonplace as years go on, they’re still a relatively rare phenomenon in the grand scheme of things. According to Fortune, less than one percent of all companies throughout the country have a Black leader at the helm. In the entire history of the Fortune 500 list, there have only been 18 CEOs in total who have identified as Black — and the peak number on the Fortune 500 list was in 2012 when six Black men made the list. The numbers get even bleaker when the gender factor is weighed in. Until 2016, only one Black woman helmed a Fortune 500 company — and history was made when two Black women became CEOs of major national corporations. And these numbers are despite the fact that Black people make up about 13 percent of the American population. The good news is, things are starting to look up (albeit ever so slowly). In June 2021, it was announced that not one, but two , Black women became CEOs of Fortune 500 companies (Roz Brewer of Walgreens Boots...
Forbes has announced its inaugural CEO Next list — which spotlights 50 business leaders and executives who are “using innovation, technology, creativity and culture to reimagine and reinvent their roles” at their respective companies. Among the honorees are 11 Black business executives who are getting their fair shine as innovators of the business world revolutionizing the structure of the industry and on the course of making history. Check out this year’s notable leaders to learn more about their companies and achievements. Bozoma Saint John Photo Credit: Amy Sussman/Getty Images Position: CMO Company: Netflix Over the last two decades, Bozoma Saint John has proven herself to be a marketing powerhouse for some of the most popular consumer brands today — including Uber, Apple Music, PepsiCo, Endeavor and now Netflix. As chief marketing officer (CMO), she helps the company stand out from competition like Disney and Amazon to name a few, while driving engagement to bring great stories...
For the first time in history, two Black women CEOs are featured on the Fortune 500 list. This year, Fortune reports that women-run Fortune 500 companies have hit an all-time record of 41 CEOs, with women like Roz Brewer of No. 16 Walgreens Boots Alliance and Thasunda Brown Duckett of No. 79 TIAA making strides for Black businesswomen. Brewer, who’s a former Starbucks executive, was named the new CEO of Walgreens Boots Alliance back in March, briefly making her the only Black woman to run a Fortune 500 company this year until she was joined by Duckett, former JPMorgan Chase exec and now the new CEO of TIAA. According to Fortune, only one other Black woman, Ursula Burns of Xerox, has run a Fortune 500 business on a permanent basis with the exception of Mary Winston, who served as Bed Bath & Beyond’s interim chief for several months back in 2019. Ever since then, Black women CEOs have been missing from the Fortune 500 list but it looks as though that’s beginning to change. Now, these...
Eighty-one percent of Black professionals say that seeing other Black professionals in leadership positions make them feel like their workplace is inclusive and equitable. Sabry Tozin, VP of engineering at LinkedIn, shared this statistic amongst others in his recent Building Pathways to Workplace Equity report. The report highlights some challenges that Black professionals face in the workplace today. This report is a part of LinkedIn’s Conversations for Change, a series of reports and discussions focused on diversity and equity in the workplace. Tozin has been working in Silicon Valley for about 20 years, first getting his career started through conferences hosted by the National Society of Black Engineers. He got his first tech job in the late 90s and went on to work for companies like Accenture, Fox, and Netflix before joining LinkedIn in 2017. This main stat was the most shocking to Tozin because it’s such a big number he says, yet there are few Black and minority professionals...
Thasunda Brown Duckett has made modern history, becoming the second Black woman to be named as a Fortune 500 CEO in 2021. According to CNN, Thasunda Brown Duckett achieved this accomplishment by being named the new CEO of The Teachers Insurance and Annuity Association of America-College Retirement Equities Fund. The TIAA, as it’s known, is a Fortune 100 financial services organization that is the leading provider of financial services in the academic, research, medical, cultural and governmental fields. Duckett will succeed Roger W. Ferguson Jr. in the role, beginning May 1, 2021. Brown Duckett’s role follows the appointment of Rosalind Brewer as the new CEO of Walgreen’s drug stores. “Thasunda Brown Duckett is widely recognized as an exceptionally dynamic and inspirational leader,” said Ronald L. Thompson, who chairs the board of the $1 trillion money management firm, to CNN. “She brings invaluable experience leading and growing large, complex businesses, setting and executing...
For decades, Silicon Valley has held a monopoly on the tech startup industry. Some of the most successful companies of recent decades have come out of the Valley, and more startups spring from the area than anywhere else in the world. However, launching a startup in the Valley has always had severe limitations, especially for Black and brown founders. The most obvious limitation is the prohibitive cost of living in Silicon Valley. With an average house price near $1 million and the average rent inching closer and closer to $3000 , merely surviving has been a significant stress factor for most young entrepreneurs in the city. Silicon Valley’s enduring legacy of racial and gender discrimination has made everyday life particularly uncomfortable for many non-male, non-white startup founders. Over the past few years, the tech industry in cities like Seattle, Austin, and, more recently, Atlanta, have exploded. Yet, the industry seems to have overlooked one city with enormous potential:...
WinsCo Enterprises Co-Founder and President Mary Winston was appointed interim CEO of Bed Bath & Beyond earlier this year. As noted in Black Enterprise, the appointment made Winston “ the first black woman to lead a Fortune 500 company” in the wake of the departure of Ursula Burns, former CEO of Xerox. Winston, who obtained her MBA from Northwestern University, was named interim CEO following the resignation of Steven Temares. She previously served in an executive capacity at various companies , including a position as executive vice president and chief financial officer of the Family Dollar Store, Inc., and as senior vice president and chief financial officer at Giant Eagle, Inc. At the time of the new appointment, Winston stated, “ This is an important time for Bed Bath & Beyond and we are committed to being the leading omnichannel retailer of choice for the home and heart-felt life events .” In October, Winston was succeeded by Bed Bath & Beyond President and CEO Mark J. Tritton.