January 01 2009
Operation HOPE Chairman John Hope Bryant to Moderate Forum for Milken Institute Global Conference 2009
‘Silver Rights’ entrepreneur leads panel on Financial Literacy: An Issue of American Competitiveness
Los Angeles, CA -- April 28, 2009 -- As the ongoing market turmoil has shown, there is a great need to improve Americans' understanding of financial issues. With the economic crisis expanding its impact from the broad-based levels of the poor to the middle class – here and around the world - the work to develop and improve financial education has never been more relevant. Issues of predatory lending, fraud, and investor speculation aside, too many people bought homes or took out loans they could not afford because they didn't fully grasp mortgages, interest rates and other critical issues. This lack of know-how prevents many households from keeping a budget, saving for the future or doing other basic financial tasks that would allow them to take part in the greater economy. Meanwhile, millions of the poor remain outside the economic mainstream. Improving Americans' financial literacy will go a long way toward helping not only individuals, but the overall U.S. economy. This panel will examine how we can improve financial literacy in this country, starting with emphasizing to the corporate world that this is a business issue rather than a charitable endeavor. This panel will explain why it is in corporate America's own best interest to educate and empower financially literate employees, customers, shareholders and communities.
• John Hope Bryant, Founder, Chairman and CEO, Operation HOPE
• Sean Cleary, Chairman, Strategic Concepts (Pty) Ltd.
• Richard Hartnack, Vice Chairman, U.S. Bancorp
• Charlie Rahilly, President and CEO, Premiere Radio Networks
• David S. Simon, Executive Vice President, Citigroup Inc.
• Beverly Daniel Tatum, President, Spelman College