Description: Marcus Jones reports on the affirmative action program at the Bank of Boston. Twenty percent of the employees at the bank are minorities. Interview with Charles Gifford from the Bank of Boston, who says that a diverse workforce makes sense. Gifford says that the bank will hire any qualified candidate, regardless of race. Gifford adds that he would like to hire more minorities in top bank positions. Jones reports that bank managers have set affirmative action goals that exceed federal requirements because they believe that an integrated workforce is good for business. Interview with Rosa Hunter, the Director of Affirmative Action Planning for the Bank of Boston. Hunter talks about the bank's commitment to diversity. Jones reviews statistics concerning minority professionals and minority managers at the Bank of Boston. He notes that most minority employees are hired for entry-level and mid-level positions. The edited story is followed by additional b-roll footage of Bank of Boston employees in the offices and cafeteria. This edition of the Ten O'Clock News also included the following item: Meg Vaillancourt reports on affirmative action in the Boston Fire Department
1:00:10: Visual: Shots of Bank of Boston employees riding on an escalator in a Bank of Boston building; of a sign for the Bank of Boston. Shots of tellers helping customers in a Bank of Boston office. Marcus Jones reports that the Bank of Boston employs almost 20,000 people; that 20 percent of the employees are minorities. Shots of an African American bank teller; of employees eating lunch in a cafeteria. Jones reports that the bank has doubled its number of minority employees in the past ten years; that bank executives see room for more minorities among their employees. V: Footage of Charles Gifford (Bank of Boston) being interviewed by Jones in his office. Gifford says that a diverse work force makes sense regardless of affirmative action guidelines. Shots of the interior of the Bank of Boston; of customers and tellers inside of the bank. Jones reports that the Bank of Boston receives federal funding; that the Bank of Boston is obligated to comply with federal affirmative action guidelines. Jones notes that the bank management has often set goals which exceed federal requirements. Jones reports that the bank managers believe that an integrated workforce is good for business. V: Shots of employees in a Bank of Boston office. Footage of Gifford saying that the Bank of Boston is growing; that they need more employees. Gifford says that the bank will be at an advantage if it is known as an employer who is open to all. Gifford says that he wants the bank to hire people according to qualifications and performance. Jones reports that Rosa Hunter (Director of Affirmative Action Planning for the Bank of Boston) has worked at the Bank of Boston for 21 years; that Hunter has directed the Bank of Boston's affirmative action effort for two years. V: Footage of Hunter being interviewed by Jones. Hunter says that the Bank of Boston is committed to diversity; that the Bank of Boston will continue its diversity efforts regardless of court rulings against affirmative action programs. Shot of an African American employee at the Bank of Boston. Jones reports that the number of minority managers at the Bank of Boston increased from 4.3% to 9.7% between 1978 and 1988. Jones notes that the number of minority professionals at the Bank of Boston increased from 6.6% to 12.4% from 1978 to 1988. V: On-screen text and visuals detail statistics on the percentage of minority managers and the percentage of minority professionals at the Bank of Boston. Shots of employees eating at a cafeteria. Jones reports that minority employees are being hired for entry-level and mid-level postions; that few minority employees are being appointed to top-level management positions. V: Footage of Gifford saying that the bank is not satisfied with the low number of minority and female employees among its top positions. Gifford says that he expects those numbers to improve because the bank is open to promoting qualified employees to top positions regardless of race or gender. Shot of an African American female bank employee in a Bank of Boston office.
Collection: Ten O'Clock News
Date Created: 06/15/1989
Description: Bank of Boston admits doing business with Angiulos without reporting large cash transactions. William Brown. Sign at intersection of Prince and Thatcher Streets.
Collection: Ten O'Clock News
Date Created: 02/21/1985
Description: In controversy over its international branches, Bank of Boston defends its tax paying record. Revenue commissioner Stephen Kidder. Lobby, teller's window.
Collection: Ten O'Clock News
Date Created: 04/18/1989
Description: Interview with Lawrence Fish, new chair of Bank of New England. Clip from "It's a Wonderful Life." Customer service reps at desks. Congressional candidate Ted DiMauro retracts rumors about BONE.
Collection: Ten O'Clock News
Date Created: 03/12/1990
Description: Sen. John Kerry and a banking attorney reassure depositors in the failed Bank of New England that their accounts are insured by the FDIC.
Collection: Ten O'Clock News
Date Created: 01/07/1991
Description: Bank of New England suffers from bad loans in real estate. Facade of downtown headquarters. Interview with investment analyst James Moynihan. Paragon Park (Nantasket) roller coaster ride.
Collection: Ten O'Clock News
Date Created: 12/19/1989
Description: Bank of New England is acquired by Fleet/Norstar of Providence. William Seidman of FDIC announces the deal. Terrence Murray, chair of Fleet, talks about the merger. Ira Stepanian of Bank of Boston.
Collection: Ten O'Clock News
Date Created: 04/22/1991
Description: Gov. Dukakis speaks on behalf of bankers to restore their reputation and keep credit damage from spreading to other industries. BayBank, Boston Five, Capitol,Bank of Boston,Shawmut,Bank of New England
Collection: Ten O'Clock News
Date Created: 04/10/1990
Description: Christy George reports that poor Boston neighborhoods lack access to banking services. Banking leaders met with community leaders today to announce an agreement that will provide better banking services to poor neighborhoods. George reviews the details of the agreement, which will provide bank branches, loans, and increased investment to poor neighborhoods. At the meeting Richard Pollard (Massachusetts Bankers Association) says that redlining did not take place in the 1980s. Charles Stith (Organization for a New Equality), Bruce Bolling (Boston City Council), Willie Jones (Community Investment Coalition), John Hamill (Shawmut Bank),Ronald Homer (Boston Bank of Commerce), and Michael Dukakis all speak out in favor of the proposal. This edition of the Ten O'Clock News also included the following items: Julian Bond at Harvard University and Christopher Lydon interviews Sarah Small
1:00:06: Visual: Aerial shot of Somerville. Shot of residents walking on a street in Roxbury. Shots of street signs for Blue Hill Avenue and Dudley Street; of a Western Union office in Roxbury; of signs in the window of the Western Union office. Shot of a man walking into the Western Union office. Christy George reports that poor communities lack access to banking services. George reports that Boston banks have few branches in poor communities. V: Footage of Michael Dukakis (Governor of Massachusetts) at a gathering of Massachusetts bankers. Dukakis shakes hands with meeting attendees. George reports that Dukakis outlawed the practice of redlining in the 1970s; that bankers and business leaders were upset about the law. George says that poor communities still lack banking services in spite of the law. George reports that Dukakis has supported a program to get banks to give better service to poor communities. V: Footage of Dukakis standing with banking leaders and community leaders at the meeting. Footage of Richard Pollard (Massachusetts Bankers Association) saying that he will not admit that redlining has been taking place in the 1980s; that redlining is illegal. Shots of banking leaders and community leaders socializing. George says that banking leaders met with community leaders today. George reports that banking leaders have agreed to open 10 to 15 new branches of downtown banks in poor neighborhoods over the next five years; that banking leaders have agreed to open 20 to 35 new ATM machines in poor communities. George reports that banking leaders have agreed to restructure mortgage programs; that the new program will grant mortgages to families earning as little as $27,000 per year. George reports that the banks will participate in a $100 million affordable housing pool to finance renovation and construction of affordable housing. George reports that bank leaders will support a $10 million corporation which will direct investments to minority-owned businesses. V: On-screen text details the specifics of the agreement between bank leaders and community leaders. Footage of Charles Stith (Organization for a New Equality) at the meeting. Stith encourages the leaders to join hands and raise them in the air. The leaders raise their hands and say "Amen." Stith stands next to Bruce Bolling (Boston City Council). Shots of Dukakis and other leaders. Shots of the media; of Stith. George reports that the leaders need to decide how to monitor progress; that both sides were optimistic about the plan. V: Footage of Stith speaking at the meeting. Stith says that it has taken a long time to reach an agreement. Footage of Bolling speaking at the meeting. Bolling says that the agreement is like "a Catholic marriage"; that there is no divorce. Footage of John Hamill (Shawmut Bank) speaking at the meeting. Hamill says that the agreement is not like a new marriage; that the agreement is "a renewal of vows." Footage of Ronald Homer (Boston Bank of Commerce) speaking at the meeting. Homer says that "the only way to say 'I love you' in business is with money. Footage of Dukakis saying that the agreement is "fantastic." George says that the agreement was reached when communication between the two sides improved. V: Footage of Pollard speaking at the meeting. Pollard says that the community used to have the feeling that the banks had unlimited funds with which to provide mortgages. Pollard says that the banks needed to explain their business model to the community. Footage of Willie Jones (Community Investment Coalition) speaking at the meeting. Jones says that the banks have realized that poor communities are looking for basic services instead of "bells and whistles." George stands in a residential neighborhood. George reports that banking rules have made it difficult for poor people to qualify for loans and mortgages. George reports that banks have restructured their rules to allow access for poor people. George notes that the banks will make money in poor communities; that they will not make as much money as in wealthy communities.
Collection: Ten O'Clock News
Date Created: 01/15/1990
Description: Sen. Bill Owens sponsors bill to ban manufacture of execution equipment in Mass. (by Fred Leuchter). Amnesty International demonstrates against the death penalty.
Collection: Ten O'Clock News
Date Created: 06/15/1990