Athletes Step Up For Tornado Relief Kevin Durant, Others Make Tornado Relief Donations Stern Got Heads Up On Collins' Announcement Collins Receiving "Overwhelming" Support Arn Tellem Discusses Picking SI For Collins Article Collins' News Won't Impact Wizards' Evaluation NBA's Apparent Acceptance Of Collins Is Progress Emmert Discusses Gay Athlete At College Level Collins: U.S. Ready For Gay Basketball Player Sports World Reacts To Jason Collins News
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SBD/Issue 112/Sports & Society
CNBC Documentary Examines Rise Of New Black Overclass
Published February 27, 2009
|James Discusses His Marketing
Endeavors In CNBC Documentary
NOT COMING FROM BUSINESS BACKGROUND: RNC Genter Capital Management President & CEO Dan Genter said many of these athletes and entertainers “are not coming from a background where they have a support system that’s very business aware, and because of that, they’re thrown into making a lot of decisions very, very quickly.” Hawkins noted Johnson, through his RLJ Companies has created a “platform for future black overclass moguls to rise. At the Bobcats, nearly all of the senior executives are African-American.” Johnson hopes the “dozens of black millionaires he’s created in his career will in turn create opportunities for other rising black powerbrokers to launch joint ventures” (“Newbos: The Rise of America’s New Black Overclass,” CNBC, 2/26).