Obama Says Kaepernick Within His Right S.F. Police Union Challenges Kaepernick Kaepernick Raising Stakes For Other Athletes? Kaepernick To Continue Anthem Protest Kaepernick's Protest Draws Mix Of Reactions Daily Fantasy Sports Returns To New York DraftKings Changes To Comply With Regulations Rodgers Blames NFL For Athletes' Lack Of Voice NJ Sports Betting Takes Another Legal Hit New York Signs DFS Bill Into Law
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).