50 Most Powerful Black Women In Business

From the executive suite to the BE 100s, these dynamos are changing the direction of American business

in 1995.

CARLA A. HARRIS Managing Director, Global Capital Markets Morgan Stanley New York, NY. Age: 43
Clout: A top dealmaker on Wall Street, Harris is charged with the structuring, marketing, and execution of public and private equity deals. She has executed transactions such as the initial public offerings for UPS and Martha Stewart Living Omnimedia, and the $3.2 billion common stock transaction for Immunex Corp., the largest biotechnology offering in U.S. history. A leading philanthropist, Harris chairs the Food Bank for New York City, which distributes free food to more than 1.5 million people annually.

BRIDGETTE HELLER Global President, Baby, Kids & Wound Care Franchise Johnson & Johnson Consumer Products Co. Skillman, NJ. Age: 44
Clout: Heller’s team is charged with turning out skin care products for consumer products giant Johnson & Johnson, which has more than 200 operating companies that manufacture thousands of healthcare products across a number of categories. Under her management, J&J launched a line of natural baby care products last fall — its biggest launch in 10 years — which will educate parents on the changing needs of infant skin.

MELLODY HOBSON President Ariel Capital Management L.L.C. Chicago, IL. Age: 36
Clout: Hobson heads the nation’s largest black-owned money management firm (No. 1 on the BE ASSET MANAGERS list with $21.43 billion in assets under management). As manager of all business operations outside of research and portfolio management, she has made Ariel one of the investment community’s most effective operators. She is a regular commentator on ABC’s Good Morning America; has defended the mutual fund industry in testimony before Congress; and, on at least one occasion, has challenged New York Attorney General Eliot Spitzer.

CATHY L. HUGHES Founder, Chairwoman Radio One Inc. Lanham, MD. Age: 58
Clout: Hughes has the largest black-owned and -operated broadcast company in the nation. Created in 1980, Radio One (No. 10 on the BE INDUSTRIAL/SERVICE 100 list with $364 million in revenues) boasts 70 stations in 22 urban markets and reaches more than 13 million listeners weekl
y. With her son at the helm, Hughes assists with other ventures. In 2004, Radio One and Comcast launched TV One Inc., a network targeted to African American adults.

DONNA A. JAMES President, NationwideStrategic Investments Nationwide Mutual Insurance Co. Columbus, OH. Age: 48
Clout: James ensures the company’s growth by managing five subsidiaries that generate roughly $650 million in revenues annually. She’s also responsible for a portfolio of financial companies through Nationwide Mutual Capital, a $150 million venture capital fund. A member of the corporate executive management team, James chairs the board of Financial Settlement Services Agency Inc., a subsidiary of Nationwide. She serves on the boards of Coca-Cola Enterprises Inc. and Limited Brands Inc.

MELISSA JAMES Managing Director Morgan Stanley New York, NY. Age: 41
Clout: James oversees the Relationship Lending Business in Morgan Stanley’s Loan Products Group. She manages the origination of more than $25 billion in loan commitments. Before she became a managing director, James headed the company’s industrial origination effort, where she helped raise billions in capital for corporate clients and worked on

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