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Lehman Bros. Invests in Future Workers
The investment house is joining forces with Spelman College to provide special training for women, other ‘underrepresented’ groups.
By Garry Kranz
Financial Diversity: Seeking to increase the presence of minorities,
especially women, in the financial services sector, investment bank Lehman Bros.
is teaming with Spelman College in Atlanta to launch a new interdisciplinary
curriculum, including scholarships and possible internships with global
financial organizations. Lehman Bros. is committing $10 million during a
five-year period to help pay for course development, scholarships, and
recruitment of faculty. Lehman CEO Richard S. Fuld Jr. says the initiative
addresses a “clear need to increase participation of historically
underrepresented groups” within the industry.
The program of study will focus on global finance and economic development.
One aim is to provide preparation for women who want to pursue careers in
business. Spelman is the No.1-ranked institution among all historically
black colleges and universities in the country, according to U.S. News &
World Report.
Workforce Management contributing editor Garry Kranz is based in Richmond, Virginia. E-mail editors@workforce.com to comment.
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Index: Quick Takes — November 28, 2007
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