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Merck CEO Ken Frazier and former IBM CEO Ginni Rometty tell Business Insider that this organization will hire Black professionals without college degrees.

Walmart (WMT) have banded together to ensure more Black Americans get a better shot at success in the business world. The group will spend $100 million next year to launch a talent recruitment startup called OneTen with a mission to help companies hire 1 million Black workers over the next decade. OneTen will eventually get a CEO and will begin operating in January. It is led by Ken Chenault, the former CEO of American Express (AXP). Other founders include Merck CEO Ken Frazier, Black Economic Alliance Chairman Charles Phillips, former Amgen (AMGN) CEO Kevin Sharer. The...

A coalition of leading CEOs and organizations are coming together today to announce the formation of OneTen, an organization that will combine the power of these committed American companies to upskill, hire and promote 1 million Black Americans over the next 10 years into family-sustaining jobs with opportunities for advancement.

Coalition Of CEOs Pledge 1 Mln Jobs For Black Americans KENILWORTH (NJ) (dpa-AFX) - A new initiative group, called OneTen, which comprises of 37 CEOs from companies like Merck & Co., General Motors Co., Nike Inc. and Walmart Inc., is pledging to hire 1 million Black employees during the next decade. The OneTen initiative is co-chaired by Merck CEO Ken Frazier and IBM Executive Chairman Ginni Rometty. The goal is to provide 'family sustaining' jobs that pay an average of about $50,000 a year. Other founding members included Ken Chenault, Chairman and Managing Director of General Catalyst and f...

Merck and GM Join Group Pledging 1 Million Black Hires in a Decade Bloomberg 12/10/2020 Jeff Green © Bloomberg Workers walk along a covered walkway while leaving the General Motors Co. Oshawa assembly plant in Oshawa, Ontario, Canada, on Wednesday, Dec. 18, 2019. After more than a century and 20 million autos built, the plant will make its last vehicle Wednesday when a final pickup truck rolls off the line. (Bloomberg) -- A new group that includes Merck & Co., General Motors Co. and Walmart Inc. is pledging $100 million in an effort to hire 1 million Black workers du...