Big time investment bank Goldman Sachs is giving Morehouse College $2 million to fund an endowed leadership chair in civil and human rights. Whoever gets the job will also be in charge of the $15 million to $30 million worth of Dr. Martin Luther King's papers that Morehouse got last year when a group of black businesspeople intervened to keep them from being auctioned off to the highest bidder, according to this story by the Associated Press' Errin Haines.Morehouse and Goldman Sachs have a long history: John Hope, the school's first black president, and Walter Sachs, a son of one of Goldman Sachs' founders, were part of the crew that included W.E.B. DuBois and founded the Niagara Movement, known these days as the NAACP. Dr. King graduated from Morehouse in 1948. These days, Goldman Sachs says it recruits on the campus annually and currently has 39 Morehouse alums working in the company.
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By: Gene Brown on 6/08/2007 12:10AM
We applaud the philanthropical gesture of Goldman-Sachs, and the employment of African Americans in his company. A Georgian, I lived in New york for thirty years, and know this to be true, since I follow the stocks.It shows that the Goldman-Sachs have not given up on the plight of the black man who, still, has many obstacles to overcome. It is still a mystery to me as to why W.E.B. DuBois with (3) Degrees, B.A.,M.A., and PhD. from Harvard University, chose to go into exile to Ghana, Africa, where he died at age 94. G. Brown, USA.
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By: dewayne on 6/13/2007 9:48AM
Dang, I didn't know that about ya boy W.E.B. Debois.
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By: Georgia W Payton on 6/24/2007 10:11AM
thanks goldman sach for helping to keep the dream alive
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By: Rise on 6/24/2007 10:46AM
Greetings. Any and all endeavors to help Africans in America (African-Americans), are greatly appreciated. Gene Brown (comment # 1) in reference to the mystery surrounding W.E.B. Dubois, perhaps Marcus Garvey was very influencial in the whole reason why Mr. Dubois went to Africa not only to visit but also to live. The very concept of which he fought against, The Black To Africa Movement, became clear to him that it was a viable solution to a lot of our problems here in America and a host of other countries where Black people are still in economic shackles and shambles. I applaud him for his awakening and for that reason anyone who has a spiritual awakening that impacts them so strongly to get involved with our affairs in Africa. The Rev. Dr. Martin Luther King Jr. was no stranger to this very movement which is why initially the so called world leaders needed to have him and Malcolm X eliminated amongst others. Im also happy to learn about what Bob Johnson and his associates are doing in Sierra Leone. Thank you Goldman Sachs and also Bob Johnson with Urban Trust. Keep the fire burning...
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By: Renee on 6/24/2007 7:56PM
Hi, my opinion in relation to W.E.B. Dubois was that he was fed up with a country which proclaimed freedom, but yet it systematically kept putting its foot on the necks of people who helped to create the nation as we knew it. Some of the issues he wrote about 100 years ago are still prevalent today. We must continue the fight and be the foot soldiers to help each and every person obtain their highest potential. As such, we need to perserve history and march forward. Thanks to all who step up to the plate
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By: Kevin on 6/24/2007 7:54PM
I am consistently confronted with the realization that select Caucasian Americans have historically broken with the norm and supported and aided African-American causes from abolitionists, Quakers and the like who opened up their homes to run-away slaves to organizations like Goldman -Sachs who offer millions to help institutions like Morehouse. The historical racial divide is and has always been more complex than most would admit. There have and will always be Cuacasian benefactors and supporters of our basic plight and circumstance. To deny this is to deny history. The more that we support and stand up, like the black businessmen who staved off M.L.K's papers being auctioned off by purchasing them, the more that organization's like Golman-Sach's respect us and show it through their contributions and efforts.
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By: Julius Bannerman on 6/24/2007 10:13PM
hey, Check out my BLOG at: http://journals.aol.com/spinmind/ABlackManwithaViewPoint I think you will like the many things i said. Leave a comment there so i will know you been there
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By: sjordan on 6/25/2007 3:36AM
way to go - goldman sachs. now, can you launch an i.p.o. that could offer prescriptions 25.00 max; that requires membership participation via buying shares via dollar cost averaging. particpants must hold said shares for a minimum of five years before redeeming them. one million participants purchasing shares every month at 25.00 minimum, seems like alot of operating cash.
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