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Black CEOs and the Teddy Bear Effect

If you're black and want to lead a Fortune 500 company, look cuddly.

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  • Posted By: laurajean100 @ 10/21/2009 1:09:34 PM

    Obviously a provocative article. Some criticize that it's point is obvious and boring; others criticize its validity. That indicates a good balance between informing and alienating. I (a woman) considered what similar effects women experience in the workplace. There was one relevant comment here, insulting the author's appearance. Any constructive comments out there?

  • Posted By: ebonstorm @ 10/21/2009 2:00:12 AM

    African American CEO's of Fortune 500 Companies (http://www.blackentrepreneurprofile.com/fortune-500-ceos/)

    The "Fortune 500" is a list of the 500 largest companies in the United States. Only eight black executives have ever made it to the Chairman or CEO position of a "Fortune 500" listed company. Of these eight executives, only five remained as of 2009. On July 1, 2009, Ursula Burns became the first black woman to head a Fortune 500 company.

    Current African American CEO's of Fortune 500 Companies

    Clarence Otis, Jr.
    Born: April 11, 1956, Vicksburg, MS.
    Company: Darden Restaurants, Inc.
    Position: Chief Executive Officer and President
    Industry: Food Services
    Country: United States

    Kenneth I. Chenault
    Born: June 2, 1951, New York, New York.
    Company: American Express
    Position: Chairman and CEO
    Industry: Financial Services
    Country: United States

    Rodney O'Neal
    Born: c. 1954
    Company: Delphi Corporation
    Position: Chief Executive Officer and President
    Industry: Automotive
    Country: United States

    Ronald A. Williams
    Born: c. 1950
    Company: Aetna Inc.
    Position: Chairman and CEO
    Industry: Health Care
    Country: United States

    Ursula M. Burns
    Born: New York, New York, September 20, 1958
    Company: Xerox Corporation
    Position: CEO, Director
    Industry: Computer Hardware
    Country: United States


    Former African American CEO's of Fortune 500 Companies

    Aylwin Lewis
    Born: May 28, 1954, Houston, TX.
    Company: Potbelly Sandwich Works
    Position: Chief Executive Officer and President
    Industry: Food Services
    Country: United States

    Franklin Delano Raines
    Born: January 14, 1949, Seattle, Washington
    Company: Revolution LLC
    Position: Director
    Industry: Financial Services
    Country: United States

    Richard Dean Parson
    Born: April 4, 1948, Brooklyn, NY
    Company: Citigroup Inc.
    Position: Chairman
    Industry: Financial Services
    Country: United States

    Stan O'Neal
    Born: Oct. 7, 1951, Roanoke, Ala.
    Company: Merrill Lynch & Co.
    Position: Chairman of the Board, Chief Executive Officer and President
    Industry: Financial Services
    Country: United States

  • Posted By: ebonstorm @ 10/21/2009 1:17:20 AM

    Of the Fortune 500, how many of them are led Black men (or for that matter, Black women). If we were to do the math, since there are 12% of America is Black, I would expect that 12% of all high level executives working in Fortune 500 companies would be Black. That would imply that at least 60 companies would have Black CEOs. I am reasonably sure that there is nowhere near that number of Black CEOs even if I counted the Fortune 1000. When that issue is addressed, then you can make your semi-racist statement and it can have some merit. For the uniformed, racism is the power to affect the lives and livelihood of a group of minorities. People of color are by definition not racist because they are not the dominant subculture in control of this society. When you look at the percentage of wealth, you can see that real wealth in America (that 90% of the wealth in the hands of a mere 5%) is clearly controlled by the White oligarchy in America.

    People of color can be bigoted (and considering the treatment they receive regularly, it is not hard to understand) but they cannot be considered racist since they do not control the flow of money or resources in this society. And before I hear another white person espouse that they have not had the options and opportunity of the rich and white, I say to you this: At no point does your being white PREVENT you from achieving access or control to resources in any environment that you CHOOSE to work in. You are not excluded because of any factor that you CANNOT control or change. Being black is not a choice. Having to put up with poor treatment for no reason other than a difference in a chemical molecule in my makeup is a sign of ignorance, fear and hatred of those in power.

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