Black Executive & Entrepreneur News

Oprah Only Black On 400 Richest American List 2011

Forbes magazine has released it's annual ranking of America's 400 richest people. This years list are worth a combined $1.53 trillion, nearly equivalent to the GDP of our Canada. Their total wealth is up 12% in the year...

Mayweather's $40 Million Fight Night

On Saturday night, Floyd Mayweather Jr. will make tens of millions of dollars for an hour’s worth of work, if that. He will be paid for what happens inside the ring and outside it, paid far more than any other boxer fighting...

Mark Cuban On How to Get Rich

Billionaire Mark Cuban has re-post a blog he wrote almost 3 years ago in light of the recent activity in the stock markets and the depressing unemployment rates.

Sylvia Rhone Departs Motown

Rhone, 59, has been president of Universal Motown since 2004, overseeing artists like Erykah Badu, Akon and, through the label’s Cash Money and Young Money subsidiaries, Lil Wayne and Nicki Minaj.

Sylvia Rhone Departs as Head of Universal Motown

The management shake-up at Universal Music Group continues as Sylvia Rhone, a lieutenant of the company’s former chairman and one of the most prominent women in the music business, steps down as president of Universal Motown,...

Ariel Investment's Jason Tyler Interview on Bloomberg TV

Jason Tyler, Senior Vice President and Director of Research Operations, Ariel Investments LLC, talks about JPMorgan Chase & Co.'s $5.56 billion first-quarter profit reported today. JPMorgan, the second-biggest U.S. bank by...

LeBron James In Deal For Minority Ownership In Liverpool FC

LeBron James has signed a marketing deal with Fenway Sports Group, the owners of the Boston Red Sox and Liverpool FC. 

James and business partner Maverick Carter will joining forces with renowned hedge-fund...

Jay-Z Launches New Lifestyle Site

Shawn Carter aka Jay-Z, continues the expansion of his empire with the launch of Life and Times, a new lifestyle website based on Mr. Carters interest. Staffed by a small team working with Mr. Carter, the site covers everything...

Black Billionaires 2011

Forbes magazine has released it's annual ranking for 2011 of the worlds richest people. This year there are 1210 billionaires in the world up from 1011 a year ago. The 2011 Billionaires List breaks two records: total number of...

Aetna Chairman Ronald A. Williams To Retire April 8

Aetna (NYSE: AET) announced today that Chairman Ronald A. Williams, 61, will retire on April 8, 2011.

Mr. Williams is one of only ten black executives to become CEO of a Fortune 500 Company. After his retirement...

Stephen Gregory Barr Joins JPC as Group Publisher, SVP of EBONY and JET Magazines

Johnson Publishing Company (JPC) today announced that it has named Stephen Gregory Barr, senior vice president, group publisher of EBONY and JET magazines. The two iconic magazines together reach nearly 19 million readers and...

Magic Johnson, Vibe Holdings New Chairman

Magic Johnson to become new chairman of Vibe Holdings LLC, the parent company of Vibe Magazine, Vibe.com, Uptown Magazine and the revered and iconic Soul Train TV. 

Johnson's Magic Johnson Enterprises and...

Robert L. Johnson's RLJ Lodging Trust Files for IPO

RLJ Lodging Trust, a company newly formed by Robert L. Johnson's RLJ Development LLC, filed for an IPO as a publicly traded REIT. RLJ will consist of the hotel investments of RLJ Development and two of its private equity real...

Don Thompson Elected to McDonald's Board of Directors

McDonald's Corporation announced today that Don Thompson, President and Chief Operating Officer, has been elected to the Company's Board of Directors, effective immediately.

Andrew McKenna, Chairman of McDonald's Board of...

Intellipharmaceutics Black Owned Emerging Biotech Titan

Dr. Isa Odidi of Intellipharmaceutics is easily one of the sector's genius drug delivery innovators. You’d never notice him if you passed the Nigerian-born CEO on the street. Odidi is a quiet man whose demeanor and smile tend...

BET Cofounder Sheila Johnson to Team Up with Arianna Huffington on HuffPost GlobalBlack

BET cofounder Sheila Johnson will team up with The Huffington Post to launch HuffPost GlobalBlack, an online platform that will examine news, politics, culture, opinion, and video through an African-American...

Johnson wheels and deals to fulfill ambitions for RLJ

Anyone keeping track of Robert L. Johnson, chairman and chief executive of Bethesda-based RLJ Cos., probably noticed the batch of deals he has closed in the past four months: a couple of hotels, a few equity ventures. Before the...

Sean "Diddy" Combs' Ciroc Vodka Named One of America's Hottest Brands

Advertising Age has announced its list of the top brand names of 2010. Cîroc vodka, Made in France, is one of the first vodkas made from fine French grapes, mauzac blanc and ugni blanc and distilled five times. It has what...

The rise and fall of Stan O'Neal

Every CEO has his own management style, which tends to evolve from his personality. At Merrill Lynch, Stan O'Neal's style grew out of his self-confidence. Not only had he proven himself to be smarter than his rivals for the top...

Billionaire Michael Lee-Chin on Creating Opportunities out of Crises

Jamaican, Canadian, billionaire, Michael Lee-Chin, Founder and Chairman, Portland Holdings Inc. on Leadership: Creating Opportunities out of Crises.