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Left behind?
In June 2022, Booz Allen Hamilton was without a chief diversity officer. The McLean-based Fortune 500 management consulting contractor’s chief diversity, equity and inclusion officer, Jon G. Muñoz, stepped down after a year in the role. A year and a half later, Booz Allen hasn’t hired anyone new for the position — but tha[...]
Keeping their own counsel
Of the 1.3 million attorneys practicing in the United States — more than 35,500 of them licensed to practice in Virginia — the American Bar Association reports that more than half are based at law firms, while only about 10% serve as in-house general counsels. That disparity is not because general counsel jobs are unwanted [[...]
Surge of credit card defaults ahead?
Americans owe an all-time high of nearly $1 trillion on their credit cards, setting the stage for a possible surge in consumer delinquencies and defaults. “There are nascent signs of trouble brewing,” investment firm Glenmede Trust Co. warned in an April research note. “An ever–larger share of credit balances have transi[...]
Falling short
In the accounting field, the books are out of balance. Demand for the profession’s services is rising, which is one for the assets column, but on the debit side of the ledger, the number of people willing and able to provide those services is dropping so alarmingly that some firms are being forced to turn […]
After the crisis
During summer 2020, racial inequities took center stage in the United States as protesters took to the streets after the murder of George Floyd, a 46-year-old Black man, by a Minneapolis police officer was captured on video and widely disseminated via social media and news outlets. Corporate America also responded, primarily thr[...]
On your mark
When Virginia Commonwealth University closed its buildings in spring 2020, then-student Julien Reininger wasn’t deterred from his entrepreneurial pursuits. In the kitchen of his parents’ Springfield home, Reininger ran a dehydrator for eight hours at a time, creating vegan jerky from canned jackfruit and developing different[...]
‘Inferiority complex’ no more
As recently as 30 years ago, few people would have imagined that Fairfax County would grow to contain one of the most robust technology ecosystems in the nation, with thousands of tech-fueled firms, fed with workers trained by some of the state’s top universities. Bruce Caswell, president and CEO of McLean-based federal tech c[...]
Return on investment
Christina Fleming embarked upon a career in marketing with the goal of getting an executive MBA degree, but other commitments kept getting in the way. She got married, had two children and moved up the corporate ladder for 26 years, rising to chief marketing officer at Blackboard Inc., a global education technology company that [...]
Virginia Society of CPAs’ 2023 Interviews
SOUTHWEST VIRGINIA Tara E. Adams, CPA Partner | Adams & Delp PC | Wytheville What are the benefits of living and working in Southwest Virginia? I love the mountain scenery, access to so many outdoor activities and most of all the sense of community you get in the smaller cities and towns. How is the […]
StartVirginia: Hopewell businesses get boost from pitch contest
Jonathan Montiel and his business partners, Phillip and Lexi Hughes, bought a building in downtown Hopewell and asked community members what they needed. Their answer: more restaurants. That’s how City Point Ice Cream & Burgers was born, and the trio think it’s also why they won the $15,000 first prize in the Homegrown f[...]
No myth
Last year, Lori Stacy found herself leading a unicorn. The CEO of Norfolk-based Trader Interactive, an online marketplace for boats, recreational vehicles, motorcycles and other niche vehicles, Stacy helped shepherd the company through its June acquisition by Australian auto retailer carsales.com Ltd. The Australian company paid[...]
STARTVIRGINIA: HEARD AROUND VIRGINIA
Booz Allen Hamilton Inc. has formed a $100 million corporate venture capital arm, the McLean-based Fortune 500 global management consultancy announced in mid-July. Named Booz Allen Ventures LLC, the arm will invest in early-stage companies and technologies across four categories: defense, artificial intelligence/machine learning, cybersecurity and deep technology. Booz Allen Ventures will help the company […][...]
