BUSINESS/FINANCE
dir non?
If he ran a credit bureau chec
after being burned before, Nelson
will realize that the Heinz Founda­
tion hardly h a cash-flow problem.
Previou lecturers in the Series in-
Iud well-and promptly-paid people
such a former U.S. Secretary of
tate Henry Kissinger; Robert
, Mugabe, President of Zimbabwe;
former rench President Valery
G iscard d'Estaing; former Minister
of Ireland, Garret FitzGerald; and
the f rrner leaders of economic pow­
erb uses Japan and Germany,
Y uhiro Naka one and Helmut
urces concept he became involved
in during her intern hip.
Every once in a while, tudent
get the opportunity to rub elbow'
with the like of a Patnck Ewing r
Evander Holyfield. But for the m t
part, the intern hip experten c at .
the Coca-Cola Company is a F r­
tune 500 la ratory for g 109 to th
head of the cia .
Mo t now applyrng the knowl­
edge back at their hi torrcally Black
college and universitie ,the enter­
prising young COllege tudents and
po t-graduate who rved the in­
tern hip this past ummer WIll ad­
mit the expericence i anything but
a day at the beach.
Committed to diversity in the
workplace, the Coca-Cola Com- .
pany seek out qualtfied candidate
from a broad range of higher-edu­
cation institution - including tbe
nation's historically Black college
and univer itie - and a igns
thems to an intense regimen of ta ks
integral to the operation of one of
the world's large t and mo t uc­
cessful industry leaders.
"This is not a typical internship,
and our students are not typical
interns," explains Monica Simp on,
a senior staffing specialist who man­
ages the Coca-Cola's summer in­
ternship program. "We recruit
people with the skills, expertise and
commitment that would qualify'
them for full-�me employment, and
den, Ghana and the United State ,"
said re reb manager Phylli H.
Porter. "He has a level of confi­
dence. a rapp rt and a en e of
humor that i rare even in people
much older."
Mr. Boateng cornp red hi in­
tern experience WIth what he has
heard about out Ide tnt rn. hip pro­
gram hi - f llow lark Atlanta
University graduate student have
undertaken.
"They complained about being
given a ignment nobody else
wanted," he said. "But at Coca­
Cola, I worked on '1 ive' projects,
like the market re earch paper. It
was very important to the company,
and very important to me."
A IG 0 TO the Human Re-
ourc Planning and -Development
Department, Ms. Boyd played a key
role in compiling and editing a series
of innovative performance guide
upporting full development and uti­
lization of the work force. Her re-
ponsibilitie included de ign of per­
formance and evaluation measure
that would help minimize ubjective
factors in performance reviews by
managers. .
"I managed my own project, with
direction from my upervisor," Ms.
Boyd said. "I had excellent people to
work with. They gave me guidance
when I needed it, but otherwise, they
left me alone to rna e decisions and
do my job."
"Tyra brought a considerable
knowledge base with her and handled
re ponsibilities with minimal super­
vi ion," said her project manager;
Donna Guydon Bingham. "Her con­
tributions will have a positive and
lasting impact on everal depart­
ments."
Another intern, Edward Boatend,
was an exceptional case for various
reasons. He came to the company
with a degree in economics from the
University of Science and Technol­
ogy in Ghana, his homeland. Mr.
fixed- or adjustable-rate mortgage
loan made by lending in titution
uch a aving and loan a' ia-
tion , commercial banks and in 'ur­
ance companies. These loans u ually
require 10- to 3D-percent down pay­
ment.
- Federal Housing Adrnim tra­
tion (FHA) Loans. These are fixed­
rate loans. These funds are made avai 1-
able from private source , and are
insured by the federal government.
These loans usually requ ire a three­
to five-percent down payment.
- Veterans Administration (VA)
Loans. These are fixed-rate mortgage
loans. These funds are made avail­
able from private ources, but are
guaranteed by the federal govern­
ment. These are available only to
veterans and their dependent. These
loans require no down payment.
rate.
What hould you do? I would
ugge t that you tudy the intere t
rate Change over the past 24 month.
The up' and down may ugge t a
trend on which you can base your
deci ion to "lock in" or not.
THE HJ. IIEI Z Company,
wh i h I ba ed in Pittsburgh, is one
of Amerrca's leading cornpaniesand
capable of prompt payment, even to
a man who advocates corporate sane­
nons in his country. Not exactly a
company that Mandela is unfamiliar
With. Heinz is a major player on the
world scene, and is a multi-national
prov ider of food and household prod­
ucts.
The former U.S. Senator from
Pennsy lvania, John Heinz, who died
in a 1991 plane crash, was a member
of the family that acquired billions
fr m what used tobe just a condi­
mentcompany. In piteofMandela's
sanctions tand, the' company is
bringing him to its Distinguished
Lecture Series.
Heinz's current chairman of the
board, Anthony J.F. O'Reilly, called
his long struggle, "one of the great
human rights triumpbsofourtime."
Mr. Mandela, tbe president of
one of the world's oldest freedom­
fighting organizations, will deliver
tbis year's Heinz Lecture on Friday,
Decem&er6tbat the Soldiers & Sail­
o Memorial Hall in Pittsburgh. Mr.
Mandela's presentation is in con­
junction witb programs sponsored
by the University of Pittsburgb,
wbicb � the home oftbe Heinz Fel­
lowsbip program of leaders from
developing countries.
Potentially the board-elected
president of the Republic of South
Africa, Mandela bas received the
Bruno Kreisky Prize for Human
Rights 1981 and tbe Salcharov Prize
1988, along witb hundreds more
plaque and cash awards.
ALL THE ACTIVITIES that
occur from the time you make appli­
cation to the time of closing are called
pre-settlement activities. Be ure to
pecify that you will be responsible
for items uch as placing your own
homeowner and title insurance; e­
lecting a surveyor and termite inspec­
tor; and nam i ng the attorney to handle
the closing.
You are allowed to select the at­
torney only if you are paying the
closing 'costs. Also, most mortgage .
lenders have a listing of closing attor­
neys from which you can select.
You should get some estimated
times when these activities are to be
completed so your closing will not be
held up while your loan counselor
and real estate agent wait for vou to
complete your a igned tasks.
Be sure to maintain close contact
with the real estate agent and loan
counselor. You will avoid many road­
blocks and problems by clo ely coor­
dinating all of the pre-settlement ac­
tivities.
Do you have any questions on
real estate ? Ifso, sendthemto Howard
G. Ball, Realty Services, Inc., 240
Western Hills Drive, Madison, AL
35758.
A TUDENT intern hip may
encompass 12 wee in one depart­
ment or on a rotational a ignment
among everal department . The
focu , however, remains constant:
ensure meaningful work
backrounds that will erve the in­
tern well in th cla room and subse­
quent workplace environment.
Some interns later become full­
time employees of the company,
merchandi ing their summer expe­
riences into professional advan­
tages, while providing industry
knowledge and benefits to the com­
pany.
NOW BACK TO our discussion
on organizing your pre-settlement ac­
tivities.
Regulation Z, the federal Truth­
in-Lending Act, requires that your
loan counselor give you' a' written
estimate of all costs, charges, and
fees involved in your loan.
Also, the Real Estate Settlement
Procedures Act requires that you be
informed in advance of all fees and
charges required to close your trans­
action.
During your intitial meeting with
your loan counselor, you will be
quoted the current' interest rate for
each loan option. You will be asked if
Fired worker challenge
ban on nose.ring
WASHINGTON - Sandra P.
Morgan, a former employee of the
Columbia (MD) Hilton Hotel, filed
an employment dr crimination
complaint, chargingthe botel with
racial and personal appearance bia
for firing her �ver the
wearing of a n�se stud.
In July 1991, the
Hilton Hotel interv iewed
and hired the twenty­
four-year-old Black
woman fully awareofher
African-inspired nose
stud.
demand, the Hilton fired her from her nose rings for thousands of years a
position a a food and beverage cash- an expression of cultural pride. For
ier. I the last three years, she has fol­
lowed this tradition by continuou ly
wearing her diamond nose tud.
Nose piercing remains popular
among a cross- ection
of Black women, in­
cluding professionals,
students, artists, cleri­
cal and blue-collar
worker.
The Hilton illegally
di charged Morgan in
the fifth month' of her
pregnancy with her first
child. Her baby is due
January 1.
Morgan u pects the Hilton has
similarly degraded other Black
women by implementing its "no
no e ring "policy. She commented
on the hotel's racist policy and on
her lawsuit, "Some white employ­
ers and supervisors believe they're
till plantation lave ma ters."
Glass· ceiling still there
ALTHOUGH HE bas been
around the world more than once
since hi release from Soutb Africa
prisons, Mr. Mandela i used to get­
ting pa id on his tours top ,as he ha
in triumphant, and fruitful, visit to
Europe, Asia and Australia. The
ANC's most noticeable collection
problem came from American anti­
apartheid groups.
Since be became tbe 1990 cause
celebre to group around the world
wanting to make bay outofbis mar­
tyr image, the fact that his compen­
sation is so late in coming in this
country isa ignificant reflectionoa
the fiduciary ability of groups here
wbo've made collections for so many
years in is name and tead.
In addition to his fundraising
tour experience during 1990,
Mandela also poke to a joint session
of Congress and met with President
Bush during hi la t American visit.
This time, as be do n image more
like a world leader than a traveling
roc tar.
MORGAN FlL D her employ­
ment discrimination complami with
ha been lost a . a re ul t of both racism
and exi m. In today' volatile corpo­
rate atmosphere. America cannot af­
ford to 10 any creative talent.
NEW YORK-(BUSINESS WIRE)­
"Equal Opportunity Employment"
and "affirmative action" may have'
opened doors for Blacks and other
minorities, but the "glass ceiling "
continues to stunt their advancement
in business.
"Although today, Blacks and
other minorities are no longer sty­
mied at the entry level as they were
ten years ago, they are now hitting the
'glass ceiling," warn Floyd Dickens
Jr. and Jacqueline B. Die en , au­
thors of The Black Manager: Making
it in the Corporate World, published
in November by AMACOM, a divi-
ion of the American Management
Association.
... African women have worn
nose rings for thousands of
years .as an expression of
cultural pride.
IN ADDITION to dealing with
the challenge any individual faces
when entering a management po i­
tion, Blacks are faced with unique
difficulties that are directly related to
their color, such people difficulties
can be faced by planning for uccess,
finding mentor, re i ting
oversocialization, developing produc­
tive working relation hip, under­
standing the impact of your heritage,
and learning to manag the raci t
behavior of others.
The Dicken tr that, "Unle
corporate America allow itself to
use more of the potential of it Black
prof ional workforce. the 'Black
drain' will continue."
VERAL
WEE later, however,
Francis leBa ill if, the white owner
and general manager, directed
Morgan to adhere to an European
appearance tandard and to remove
the no e stud a a condition of
continued employment with the
Hilton. On Augu t 29, after Mor-
. gan refused to comply with obis
the Howard County (MD) Office of
Human Right . She e recovery
of back pay, front pay', com pen tory
damage, punitive damage and
attorney' fee from the Hilton.
Morgan, a tudent in the Howard
University School of Nursing, ex­
plains tbat African women have worn
WHILE SOME Black and mi­
nority profe ionals do become uc­
cessful, it is not without cost to their
If-esteem. Much minority talent
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