NCAA Issues Final Warning To N.C. Over HB2 Hawks Bring Back Sports In Society Symposium Red Sox P David Price Addresses Athlete Activism Teams Educating MLBers On Talking Politics Orioles Exec VP Wouldn't Want A Trump First Pitch Texas Gov. Slams NFL Over Bathroom Stance Curry Speaks Out On Plank's Trump Comments North Carolina Could Lose More Events Over HB2 Sports Figures Opine On Trump Immigration Order Trump's Executive Order Has Sports World In Flux
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).