Goldman Sachs has revealed a $100 million plan that will teach 10,000 women across the globe business and management skills, focusing on women without educational opportunities in the Middle East, Asia and Africa. Curriculum including basic business principles like marketing and funding will be taught in courses that can span five weeks to nine months. Ideally, the women completing the courses will help their local communities by putting their new skills to use. American schools like Wharton School of the University of Pennsylvania, Stanford Graduate School of Business, Harvard Business School and others will work with foreign universities to teach the curriculum and run the program.
Lloyd Blankfein, Chairman and Chief Executive of Goldman, spoke of the program's importance when he said, "Africa has about 2,600 women business students in a 900 million person continent. That's a waste. Helping women get a business education is an issue getting riper and riper, and there's a feeling it is long overdue."
The 10,000 Women program will become Goldman Sachs' biggest charitable donation. A do-gooder image is very becoming on Goldman, don't you think?