Mogul Brothers Offer Rich Advice in Tough Times
(CNN) — Michael and Steven Roberts are business moguls navigating the global recession, but they say the lessons they have learned could be applied to any business owner. “We’ve had to do the entrepreneurial shuffle,” says Michael, chairman and CEO of the Roberts Cos., based in St. Louis, Missouri. The two African-American brothers and business leaders estimate their current holdings — from hotels to TV stations — are worth $1 billion. Now, in a time of economic uncertainty, their billion-dollar empire is vulnerable.