Tag Archives: Business

Mellody Hobson

Read a really good article in Vanity Fair magazine about Mellody Hobson.  Mellody is the President and Chairman of the Board of trustees for Ariel Investment Trust.

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Mellody Hobson’s life—from her tough Chicago childhood to success as an investment guru, to her marriage to George Lucas, in 2013—has shattered stereotypes of every kind. Bethany McLean charts her rise.

Mellody has been married to producer and director George Lucas since 2013 and they have one daughter Everest. Check out the article here.

What not to wear in the office

The Baltimore Sun has an interesting article about scantily clad interns in the professional working environment. Some young folks are shocked to learn that what they’re wearing isn’t appropriate for the professional office environment. During those long hot summer months some young folks are showing up in booty shorts, belly shirts, flip flops and tank tops.

From booty shorts to belly shirts, some intern fashions make companies cringe

Employers struggle to impart integrity and professionalism on scantily clad workers

By Jill Rosen, The Baltimore Sun

July 12, 2010

In a recent episode of “Curb Your Enthusiasm” called “The Bare Midriff,” Larry David is disgruntled that his new secretary is wearing a shirt that exposes her tummy. When he confronts her, she tells him she’s proud of her body and wants to flaunt it.

“You can flaunt two-thirds of the day outside the office and then you have one-third non-flaunt,” he tells her. “Why not take a break in the flaunt?”

In white-collar offices across Maryland, “the flaunt” has become an issue and a distraction, particularly when it comes to interns who, professionals say, perennially show more daring than sense in their work wardrobes.

In Washington, D.C., where they’ve never quite forgotten Monica Lewinsky, a name has evolved for the scantily-clad summer staff: “skinterns.”

“It’s something we deal with all the time,” says Carol Vellucci, director of the University of Baltimore’s Career Center. “One staff member said she received a call from a not-to-be-named employer who had to speak to their intern about wearing booty shorts to the office. I said, ‘She had to tell her that'”?

Booty shorts. Thigh-grazing dresses. Flip-flops. Ripped jeans. Cleavage-baring tops. See-through skirts. Forgotten bras. … Employers have seen it all — and wish they hadn’t.

Missy Martin hires about 80 interns a year as vice president of human resources for Ripken Baseball, where she says it’s critical that employees — even interns — represent the Ripken name with integrity and professionalism. That’s difficult to do with thong underwear peeking from your waistband.

If Martin sees a sartorially-challenged intern, she says she nips the problem in the bud with an up-front discussion about standards and expectations. But at other offices, she’s seen young staff members in jaw-dropping get-ups.

“It’s not that they come in and look sloppy, that’s not what you see,” she says. “They’re showing up to work in bar clothes. Short skirts, tank tops and cleavage showing. It’s like, ‘Kids, do you realize you’re not supposed to be dressed like you’re going out to drink in Canton?’ ”

Vellucci says, no, they don’t.

When a lot of students hear they’re supposed to get “dressed up” for work, she says they think of their best, night-on-the-town outfits. “It seems to be something that especially younger students aren’t quite getting,” Vellucci says.

Where I work we have business casual but the interns that work there know where to draw the line. I haven’t seen any ripped jeans or booty shorts.

Check out the entire article here and check out the what not to wear photo gallery here.

A&E, Lifetime and History Channel merger

The latest news out of Los Angeles is that the companies that own A&E, Lifetime and The History Channel would create a new joint venture. When you combine The Walt Disney Co., Hearst Corp. and NBC Universal, they own A&E, Lifetime, History Channel, Lifetime Movie Networks, Lifetime Real Women, Biography Channel, History International, History on Espanol, Military History, and Crime and Investigation.

LOS ANGELES (Reuters) – The Walt Disney Co, Hearst Corp and NBC Universal are in talks to create a new corporate entity comprising the 10 cable channels the three companies own jointly, including A&E, Lifetime and History.

Representatives for both Disney Media Networks and Hearst confirmed the talks but declined to provide details. A spokesman for NBC Universal, the media wing of General Electric Co, was not immediately available to comment late in the day on Thursday.

According to the article the new joint venture would eventually buy out NBC Universal which would help lower costs.

The Wealthiest Black Americans

Forbes Magazine has created it’s first list of the wealthiest black americans. Not surprisingly Oprah Winfrey lands in the top spot. She’s also the only billionaire on the list. The list seems to be dominated by entertainers and sports stars but there are others who made their money in other fields including real estate, investments, CEO executive and the restaurant business. The top ten include the following:

Oprah Winfrey
Tiger Woods
Robert Johnson
Michael Jordan
Earvin “Magic” Johnson, Jr.
William Henry Cosby, Jr.
Sheila Johnson
Don Peebles
Berry Gordy, Jr.
Quintin Primo III

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michael_jordan

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The Wealthiest Black Americans
Matthew Miller

Oprah Winfrey tops the inaugural Forbes list of the Wealthiest Black Americans, as recession cuts into the fortunes of others.

Oprah Winfrey is one of the most lucrative brands in the world. Today The Oprah Winfrey Show airs in 144 countries, drawing 44 million U.S. viewers each week. Her Harpo Productions helped create the likes of Dr. Phil and Rachael Ray. She’s produced Broadway shows and has her own satellite radio channel. For all of this, she consistently earns more than $200 million a year.

And unlike many others on our list, her business is weathering the recession well. Winfrey continues to entice viewers with money-saving tips, celebrity interviews and relationship advice. She’s debuting a new show this fall, which will be hosted by frequent guest Dr. Oz, and is planning to launch The Oprah Winfrey Network early next year.

With a net worth of $2.7 billion, Winfrey tops the inaugural Forbes list of the Wealthiest Black Americans. She is the only billionaire on the list of 20 tycoons, all of whom are self-made. The group built their fortunes across a spectrum of industries spanning athletics and entertainment, media, investments, real estate, construction and restaurants.

Like our signature rich lists, The World’s Billionaires and Forbes 400, the Wealthiest Black Americans list is a compilation of net worth–not income.

Check out the entire article here and the top 20 by pictures here.

Are baby faced black men less threatening?

According to a study by Professor Robert Livingston of Northwestern University’s Kellogg School of Management they are.  According to the study black male CEO’s who have innocent looking faces are considered less threatening and less hostile.

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Black CEOs better off if they have a baby face

KELLOGG SCHOOL OF MANAGEMENT Study shows youthful features help African Americans in business

BY MIKE THOMAS Staff Reporter

“Baby face, you’ve got the cutest little baby face,” goes the classic lover’s ode.

As it turns out, having an innocent-looking, oh-so-pinchable countenance may be attractive in non-amorous ways as well.

But only if the baby face is black, according to a study spearheaded by Professor Robert Livingston of Northwestern University’s Kellogg School of Management. His findings — titled “The Teddy Bear Effect: Does babyfaceness benefit black CEOs?” — will be published in an upcoming issue of the journal Psychological Science.

Livingston, an assistant professor of management and organizations, and co-author Nicholas Pearce defined “babyfaceness” by the following physical traits: rounder face, larger forehead, smaller nose, larger ears and fuller, pouty lips. They’re all part of what Livingston refers to as “disarming mechanisms.”

“It’s any feature, trait or quality of a person that makes them appear to be less threatening and less hostile, and we believe that’s really critical for black males,” said Livingston, who has studied such areas as social inequality and institutional discrimination for nearly a decade. “Because the default, based on stereotypes in the society, is that many people perceive black males to be hostile and threatening. And so if you have some sort of feature that signals, ‘Hey, you don’t have to be afraid of me,’ or ‘I’m just like you,’ then that makes people feel more comfortable with these individuals in positions of power.”

The study asked non-black men and women to evaluate head-shot photos of 10 black men and 30 white women and men. The 10 blacks all were current or former CEOs of Fortune 500 companies.

Participants rated each photo based on perceived babyfaceness, attractiveness, age and appearance. They were also asked about perceived personality traits, how warm the person seemed and whether he or she would be a competent leader.

Across the board, the black CEOs were thought to be warmer and more baby-faced. In addition, the more baby-faced black CEOs were thought to draw higher salaries. The perceptions turned out to be true: The more baby-faced the CEO, the more prestigious the company he led.

Conversely, past studies have shown that babyfaceness hinders rather than helps white males who aspire to positions of power.

So are black men who don’t have a face that a grandma can pinch suppose to surgically change their looks?  Especially if they want to become successful CEOs.

The shrinking Washington Post

Like many newspapers across the country the Washington Post is reducing the size of the paper.  The Post has always had a separate Business section seven days a week but that will be changing on March 30.

Post to Move Its Business Coverage Into The A Section

By Howard Kurtz
Washington Post Staff Writer
Saturday, March 14, 2009

The Washington Post, taking another step toward trimming the size of its newspaper, is folding its stand-alone Business section into the A section six days a week and drastically reducing the publication of stock tables.

Bringing financial news inside the A section will reduce the newspaper from five to four sections Monday through Saturday, not counting weekly feature sections such as Health, Food and Home. Business will remain a separate section on Sunday. The changes take effect March 30.

“From a reader-experience point of view, having business and economic news in the A section — overlapping with national, international, political and policy news — makes a great deal of sense,” Executive Editor Marcus Brauchli said yesterday in an interview. But he did not dispute the fact that the loss of a section would mean less prominence for many business stories.

I noticed since the economy went down the toilet the Business section has been very busy. Business columnist Steven Pearlstein has been busy as ever since last year. Before the economy went downhill the Business section of the Post didn’t have much to read about. But it seems odd that now with all the economic news going on they decide to move the Business section to the A section of the paper.

I read both the print and online edition of the Washington Post, so it’s gonna seem odd to not see the separate Business section on March 30.

This is the latest belt-tightening move by The Post, which has been shrinking its print product and its staff numbers, like most newspapers across the country. Earlier, The Post eliminated the Sunday Source and Book World sections and combined the Sunday Arts and Style sections.

I miss the Sunday Source and Book World sections.

You can read the entire article here.

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