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Industrial Bank celebrates its 85th anniversary

Industrial Bank, the only African-American family-owned bank in the Washington area, celebrated its 85th anniversary Tuesday after opening for business Aug. 20, 1934 by Jesse H. Mitchell with the help of nine initial investors. Historically, Industrial Bank has made loans and opened accounts ...

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Top US CEOs rethink the meaning of shareholder value

FILE - In this April 10, 2019, photo JPMorgan Chase chairman and CEO Jamie Dimon testifies before the House Financial Services Committee during a hearing on Capitol Hill in Washington. A group of influential CEOs, which included Dimon, is changing its view on corporations, saying it’s no longer just about shareholders. The Business Roundtable said Monday, Aug. 19, that its new statement on “the purpose of a corporation” emphasizes that all stakeholders are important, which includes workers, suppliers, customers and the communities their businesses are in. (AP Photo/Patrick Semansky, File)

The Business Roundtable's new principles on the role of a corporation released Monday imply a foundational shift, putting shareholders on more equal footing with others who have an interest in a corporation to some degree — including workers, suppliers, customers and, essentially, society at large.

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T-Rex included on Inc. 5000 List

Greenbelt-based T-Rex was named to the Inc. 5000 List for the fourth year as a fastest growing company standing out among mid-tier government sector firms, company officials announced Monday. T-Rex was ranked No. 270 overall and No. 1 among mid-tier ...

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