I I November 13, 198 Page B5 Kennedy ei forgoes bei | ! By JOHN HINTON Chronicle Staff Writer During his senior year in college, Michael D. Kennedy broke family tradition when he decided to enter the banking field instead of becoming a lawyer. i . "1 did catch a little grief from L ? my lamny," Kennedy said. "When I was growing up, I assumed that I was going to be an attorney. The hardest thing that I "The hardest thing that I h that I wasn 7 going to law i had to do was to tell my family that I wasn't going to law school." Kennedy seems to have made the right decision. He was elected assistant vice president in October 1986 at First Wachovia Corp. of WinstonSalem after working with the company for about a year . ?'^Everyone in my family is a _ lawyer," Kennedy said. His parents and two brothers own a Church witf STONY POINT, N.Y. - The Executive council or the }.7-million member United Church of Christ has voted to withdraw all bank accounts of the church from Citibank, N.A., effective June 30, 1987. The action by the denomination's highest deliberative body Between biennial general synods il in compliance with the church's oall for divestment from companies doing business in South Africa. I The vote by the church, which (as about a $23 million annual fash flow, ends a 30-year history Of doing business with Citibank. According to Charles Lockyear, director of finance and treasurer for the United Church, that history has been one of cooperation from the bank in such iignificant actions as loans to the denomination?to support the work of six black colleges and the mot* rnntrov#rein1 Knil hnnH |f*VIV V V V* W??M V?M1 WVI??I fund of $350,000 used to help the Wilmington Ten, arrested in fcorth Carolina in 1972 as a result pf their civil rights work. I One of the Ten, Benjamin iExchange t Compiled by JOHN HINTON Chronicle Staff Writer C The Triad Business Exchange, a black professional group, will meet Thursday, Nov. 13, at the ^lirvana Club in Greensboro at p:30 p.m. I Brenda M. Hunter, co-owner of Arrival Inc., will present a Workshop on career advancement. She will introduce |trategies for self-development *nd career srowth. ... F Sucks for schools j Four predominantly black Schools received $200,000 from She U.S. Equal Employment Opportunity Commission and peneral Motors Corp. as part of > five-year agreement. ^ The schools which will receive the money are Savannah State College it Savannah, Ga., FisV A 6 njoys bankin ing family's f prominent law firm in WinstonSalem. Harold L. Kennedy, his wife, Annie Brown Kennedy, and their sons, Harold L. Kennedy III and Harvey L. Kennedy III, are attorneys. Mrs. Kennedy represents the 66th-House District in the N.C. General Assembly. "At first, they were surprised," Michael Kennedy said. "In retrospect, they think I made a good decision." ad to do was to tell my family school.99 ~ Michael D. Kennedy Kennedy said he decided to go into banking after he completed a summer internship at a New York bank. "I liked what I was doing, so I decided to make a career of it." Kennedy graduated summa cum laude from the University of North Carolina at Chapel Hill in 1979 with a major in history and ?political science. After graduation, he worked i for three years for Morgan (draws Citibar Chavis, is now chief executive officer of the United Church's Commission for Racial Justice and co-chairman of the denomination's South Africa Divestment Implementation Committee. According to William Kiesel of Indianapolis, chairman of the Executive Cbuncil's Finance and Budget Committee, the church expressed its regret at the continuing involvement of Citibank in South Africa, which made it necessary for the church to take this action. The vote also acknowledged with gratitude the many years of service Citibank has rendered the United Church of Christ. In another action on divestment, the church body requested the trustees of its pension boards not to set up an alternative South Africa-free investment fund, but ?to?mov with?all?due speed toward further divestment of its current portfolio. Representatives of both the pension boards and the church's Divestment Implementation Committee favored the decision, 0 meet in Gre : C, 1 Brenda M. Hunter I f University in Nashville, Tenn., Wilbcrforce University in Wilberforce, Ohio, and Xavier University in New Orleans. OM is funding 32 universities i ENTEI g career, 5th lawyer a Guaranty Trust Co. in New York rw.. U~ -?-11?I vhj utiuic tic ciuuucu in narvard University School of Business. "It was a good experience,'' said Kennedy, whose first-year class had 780 students from all over the world. "It was a good place to go to school." Kennedy said he received a Cogme Fellowship that covered the first-year expenses at Harvard. "It was definitely a struggle at Harvard," Kennedy said. "It was a competitive environment. You are expected to be prepared for every class." Kennedy, who is black, received a master's degree in business administration from Harvard in 1985. He joined Wachovia in Winston-Salem as a national banking representative. Kennedy currently works as a loan administration officer in the National Banking Division of First Wachovia Corporate Services, a subsidiary of First Wachovia Corp. "The job has been challenging," Kennedy said. ik accounts intended to implement a call by the General Synod for divestment while taking care to protect the interests of pension fund members. Pension boards trustees have already divested their portfolios of a large percentage of holdings in companies which continue to do business in South Africa. When the General Synod resolution was passed in 1983, 41 percent of the portfolio was made up of such stocks. It is now down to 27.8 percent and, with the recent withdrawal of General Motors, International Business Machines and Honeywell, the percentage will shortly be down to the low 2fk arrnrHino tr\ George Ellis, the trustees* chairman. Both the pension boards trustees and the Implementation Committee say they expect further review of the portfolios and" further divestment. "But," say Chavis and Audrey Smock, the Implementation Committee's other co-chairman, "we have agreed that there will be no furPlease see page B6 ensboro after it settled a job discrimination complaint with the EEOC. "The money would be used to raise more scholarships for students," said Dr. William Rayburn of Savannah State. ... Good company Adolph Coors Co. was selected as one of the five outstanding emnlnvers nf th#? v#?ar Kv? v ? ?" J "'V Private Industry Council in Colorado. The company received the award for its Employment Opportunity Training Program, known as the "Golden Door." The program provides jobs for ex-convicts and handicapped people. The program provides training for its participants to assume a productive role in society. ... } \ Please see page B6 EPRISE ^ < 1" I* mmf.. '":h. ^S ii-?> Br ^ H& v A Vl . Michael D. Kennedy says he surf law (photo by James Parker). "There is some pressure in this position.* * Kennedy works with 13 other loan officers at Wachovia to provide loans to companies throughout the United States. His work often requires him to ' travel to New York City. "That is kind of fun," he said. "We like to beat the New York banks at their own game." Kennedy received a transfer to work in Atlanta at First Atlanta Bank, which merged with Wachovia last year. He will begin . his new job injate November. "1 YOU ThOl WOUli ?= e I ' A . -41 You Didn't C( Buying the right computer syst the first step toward making yo efficient and profitable. Leamini your system is the all-importam ensure that you get the most f r investment That's why Entre in Winston-Sal* it so important that you receive training when you buy a person system. No need to worry abou tial time and trouble involved? DataBroker ? AutoCad ? Medallion/ Builder ? ( 4310 Enterprise CM * National, and loca J.*.* I^rwi 1 P )rised his family when he decide am looking forward to that," he said. Kennedy will visit companies in Minneapolis and St. Paul, Minn., to do business with Wachovia. 4 They say it is colder up there than it is in Boston, but 1 think 1 will be ready for it,** he said. Kennedy says there are many opportunities for blacks in the banking industry. "A lot of people think that banks just have a lot tellers, but there are more op-~ portunities than that," Kennedy said. IEYECARE SHOULDN" DR. F. BRUENING N COMMITTED TO BEING SER I EXTENDED WE/ I 0O?? includes Y follow u I 765-6900 ughtAut( d Save Tin pm bunt On Traini em is just it easy by provic ur work more at our center in g how to use of business. Anc t next step to keep you up-toom your tional and appli< Furthermore, w sm considers service on even the very best puter center in al computer CAN work for y^ t the poten- every step of th Entre makes ware package si DataBroker Systems' comprehensive n professional real estate brokers. From Autodesk, the world's too-seiiins design package for architects and eng For the smaller homebuiider, the easvestimating software package from Tirr Ule're uiith you every step of the uniy. r., Suite E; winston-salem, NC 27m ; ?* J % ? '? , state I business news. ' jH ?-: +?#_ :^gQ^jjjjjgz$g^gN^ . >d to go into banking instead of c t His race has never been a factor in his career at Wachovia, Kennedy said. 4The people here have been very supportive," he said. 14As a black manager, I have some impact on management here." Wachovia has a good affirmative action plan, Kennedy said. "1 would like to see some improvement," he said. "But we have two black senior vice presidents, and that shows a commitment from management to promoting minorities." r YOU TAKE IT SERIOUSLY? I.D. OPHTHALMOLOGIST IOUS ABOUT YOUR SHtHTt LR CONTACT LENSES I lenses, fitting, care kit and | I 3746 Vest Mill Road 1/2 mil* N. of Hut** Mall ^mating ne... p&y * * '4 * . ing Yourself. ling valuable hours of training Winston-Salem, or your place I after the initial training, we date with continuing educations seminars. ? provide comprehensive thing you buy at Entre ComWinston-Salem. Automation ?u... and Entre will guide you e way. See us about the softaeciflc to your needs. ;ai estate management system for l computer-aided drafting and ineers. to-use cost accounting and ihprlirtA > I (919) 722-4876 * V