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  • Money
  • Magazine

Teach Them Well

Last summer, 16-year-old Calvin O’Neal worked for the New York City Summer Youth Employment program at a public relations firm that paid him by way of a debit card. Many simply spent their earnings, but not Calvin. His parents, Eric and Theresa O’Neal, have been teaching him and his 13-year-old brother, Christian, about money management for years. “Twenty percent of every paycheck went into the bank,” says proud father, Eric. “He was saving for a laptop,” Theresa adds, “so sometimes he would even walk home to save on carfare.”

  • Magazine

Flying High

When Pharos Capital Group L.L.C. (No. 5 on the be private equity firms list with $600 million in capital under management) acquired American Beacon Advisors Inc. (No. 1 on the be asset managers list with $39.8 billion in assets under management) in 2008, it was a deal years in the making.

  • Magazine

Black Enterprise’s Mission is Just Beginning

I believe it is fitting to pause to celebrate milestones during the course of a great undertaking. I can think of no better moment than the 40th anniversary of black enterprise to reflect and to appreciate the challenges met and triumphs achieved in the unwavering pursuit of our admittedly ambitious mission: to educate and empower African Americans to become full participants in wealth creation within the global economy. Over the past four years that I have been CEO, I have built on my father’s original vision, making it relevant for future generations.

Black Farmers Want White House Involvement in Settlement
  • News

Black Farmers Want White House Involvement in Settlement

John Boyd, president of the National Black Farmers Association, is calling on the White House to put pressure on Congress to pass legislation to settle discrimination suits brought by black and Native American farmers. Otherwise, he fears, it may never happen. Earlier this month, the House included money for the settlement in a war supplemental bill , but the bill that passed in the senate late Thursday did not.

  • Entrepreneurship

Diversity Knocking Hard on Corporate Doors

Corporate supplier diversity programs are coming under increased scrutiny as America’s minority groups steadily march toward becoming the majority – at least collectively. Most will admit that no corporate giant has perfected its inclusion plan yet and minority business enterprises continue to struggle for a place at the table when these multinationals are selecting business partners.

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