Kerr Admits To Using Marijuana For Pain Relief Kaepernick Reveals Plan For $1M Charitable Donation DraftKings, FanDuel Make Merger Official Greg Norman Sets Up Trump, Australian PM Nevada Contemplating New E-Sports Betting Rules NFLers Meet With Lawmakers On Social Issues Mike Evans Apologizes For Trump Protest NFLers Discuss Social Issues On Capitol Hill Buccaneers' Evans Sits In Protest Of Trump Lillard, Popovich Speak Out On Election
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).