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Mercy Corps CEO Neal Keny-Guyer to Resign Amid Turmoil Following Sex Abuse Allegations Against Co-Founder
His abrupt departure is a stunning development for Mercy Corps and is the result of intense pressure from Mercy Corps employees who are furious over the organization’s handling of Tania Culver Humphrey’s sexual abuse allegations in the 1990s and again last year.
- Region
- North America
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Bit by Bit, Socially Conscious Investors Are Influencing 401(k)’s
So-called E.S.G. funds still make up a small fraction of these workplace retirement plans, but they are gaining ground. The broad category of sustainable and responsible investing grew 38 percent in the United States from 2016 to the start of 2018, to $12 trillion in assets under management, according to the US SIF Foundation.
- Categories
- Investing
- Region
- North America
- Tags
- impact investing
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Press Release: Bank of the West Invests $2 Million into Expanded Partnership with Grameen America
Once open, Grameen America's goal is to serve 500 women in its first year, disbursing $727,000 in microloans to low-income female entrepreneurs in Fresno. By year five, Grameen America aims to serve 7,000 women and cumulatively disburse $21 million in loans.
- Categories
- Finance
- Region
- North America
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JPMorgan Commits $25M For Altruistic FinTech Services
“This new philanthropic investment follows a $30 million collaboration between the Financial Health Network and JPMorgan Chase over the past five years to identify and develop tools that help people in the U.S. improve their financial health,” JPMorgan Chase said.
- Categories
- Finance
- Region
- North America
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Steve Mnuchin Dissed 181 Major CEOs in a New Battle Over the Future of Profits
Steve Mnuchin joined the ranks of those not happy with the Business Roundtable's revised statement on the “Purpose of a Corporation,” signed by 181 CEOs of major corporations. The Treasury Secretary said he would not have signed it.
- Region
- North America
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Viewpoint: Opportunity Zones: We’re Doing It Wrong
When we look at who will ultimately benefit from the wave of Opportunity Zone investments, the outcome is arguably more weighted towards the financial gain of investors, over the value add for community members.
- Categories
- Investing
- Region
- North America
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How a Trump Tax Break to Help Poor Communities Became a Windfall for the Rich
Many of the projects that will enjoy special tax status were underway long before the opportunity-zone provision was enacted. Financial institutions are boasting about the tax savings that await those who invest in real estate in affluent neighborhoods.
- Region
- North America
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