All Articles Tagged "business leaders"
TAP correspondent Eno Alfred takes it to the streets of Manhattan and asks: who is your business role model?
by Sue Naylor
African Americans constitute nearly 13% of the population of the United States. However, in 2007, they owned a mere 7.1% of the companies in America and received a little over 40 cents for each dollar earned by firms that were owned solely by whites.
The top 5 CEOs and African American businessmen are Kenneth I. Chenault, the chairman and CEO of American Express, the former CEO of Young & Rubicam Brands who is now on the broad of directors at GE, Ann M. Fudge, Alwin Lewis who is the President and CEO of the K-Mart Holding Company, Renetta McCann who is the CE for Starcom MediaVest Group and is number 27 on the Forbes List of Most Powerful Women and Clarence Otis, Jr. who became the head of a Fortune 500 company Darden Restaurants when he was just 48 years old.
The other African American entrepreneurs who started their own companies and emerged highly successful are Tyler Perry who is a director, actor, producer and author, Lisa Irby who started the SEO companies 2CreateaWebsite.com, 2PlanaWebsite.com and Websitebabble.com, Sherrell Smith who is the independent owner of an Allen Tate Real Estate Company in North Carolina, the owner of Rhodes Clothiers located in Nashville, Marvin B. Rhodes and the President and CEO of the Atlanta Metropolitan Black Chamber of Commerce, Michael T. Hill.
Today, there are a number of notable African American entrepreneurs who beat all odds and emerged victorious in a situation where business owned by them were 35% more likely to fail when compared with other white-owned business.
(CNN) – The U.S. Chamber of Commerce slammed President Obama’s economic policies Wednesday, saying administration officials “took their eyes off the ball” and “neglected” to focus on job creation. A letter posted to the business group’s site and a summit with 500 business leaders were the latest moves in an ongoing battle between big business and the Obama administration.
(BusinessWeek) –Social entrepreneurship isn’t a niche corner of the business world anymore. The idea of using business to create social and environmental value alongside profits has reached nearly every sector of the economy—and that breadth is evident in Bloomberg Businessweek’s second annual U.S. roundup of promising social entrepreneurs. The 25 finalists profiled in this slide show, culled from more than 200 reader suggestions, include entrepreneurs in insurance, banking, pharmaceuticals, and construction, as well as more conventional social enterprises like organic farms and fair-trade coffee companies. Other entrepreneurs have found opportunity in helping traditional businesses—including titans like Wal-Mart—increase their impact. The companies in our round-up range from fresh startups to established, multimillion-dollar enterprises. All share a commitment to using business to create a broader benefit.