Biz News Briefs

Karim Webb Elected President of Board of Airport Commissioners

On July 13, the Los Angeles Board of Airport Commissioners (BOAC) unanimously elected Karim Webb as the group’s President.

Webb is an Entrepreneurial Activist and CEO of 4thMVMT, a Los Angeles-based firm that partners with individuals from underserved communities to own and operate competitive retail businesses.

“It is an incredible honor to serve as President of Board of Airport Commissioners,” said Webb. “An extraordinarily talented group of Commissioners have been assembled to ensure the benefits of Los Angeles World Airports (LAWA) are realized equitably across our region.

“Collectively, we’ll work to support the LAWA team complete the transformation of LAX while centering the interests of all Angelinos in all we do,” said Webb, who is the son of Reggie Webb, a philanthropist and owner of McDonald’s franchises in Los Angeles and San Bernardino counties.

KISHA SMITH Staff

mittedly be really expensive. And maybe only a select few will be able to dine out, but maybe that's the way it has to be.”

While service charges ensure a guaranteed income for the establishment, adding them on top of customary gratuities has been met with criticism. Some customers view this as a way for restaurants to circumvent the tipping system, effectively double-charging patrons under the guise of gratuity.

Not surprisingly, a new survey from the consumer finance company, Bankrate, found that two-thirds of Americans take a dim view of tipping, particularly as an upward trend in tips have hiked the standard 15 percent of decades past to 20 - 25 percent and beyond.

Tipping is even becoming more commonplace in fast food restaurants like Starbucks and McDonald’s, both of whom offer tipping options in many of their establishments.

According to the survey, the number of people who always tip for servers at a sit-down restaurant has declined by 12 percent in the last four years - from 77 percent in 2019 to 65 percent in 2023.

The survey also found that nearly one-third of customers believed the tipping culture had spiraled out of control leading to two new terms–“tipflation” and “tip fatigue”.

While when and how much to tip can depend on a variety of factors–including location and service– here's a general guide for when to tip and how much

Taxi or Rideshare: 15 to 20 percent per taxi ride

Food Delivery: $3 to $5 tip

Hotel Housekeeping: $2 or $3 a day

Hair/Nail Salon: 15%

Coat Check: The general rule is $1 per coat and $2 for a

AKA’s Make History as Nation’s First Sorority to Open Credit Union

The half-million member strong, Alpha Kappa Alpha (AKA) sorority made history this month with the official opening of its "For Members Only," or FMO, credit union in Chicago. The "For Members Only," or FMO, credit union is the first Black-owned, women-led, sorority-based digital banking financial institution in the history of the United States.

Founded in 1908 at Howard University, the AKAs are one of America's oldest service groups with a membership that includes Kamala Harris, Phyllicia Rashad, Loretta Devine and Congresswoman Sheila Jackson Lee.

"Everyone doesn't understand the impact we make financially, so you have to start doing things so folks know we know how to control our money," said AKA Sorority Rresident /CEO Danette Anthony Reed.

The credit union is based partially on the sorority’s six initiatives, including building and sustaining economic wealth. FMO federal credit union executive director Terri Bradford Eason stated: “Every member will be an owner of the credit union.”

The grand opening at the group's international headquarters in Chicago was held as part of the 115-year-old sorority's annual leadership conference. The FMO is chartered, regulated and insured by the National Credit Union Administration, and will offer primary savings, loans and other banking services during its first year of