Mellody Hobson is president of Ariel Investments. Headquartered in Chicago, the firm offers six no-load mutual funds for individual investors and defined contribution plans as well as separately managed accounts for institutions and high net worth individuals.
As president, Mellody is responsible for firm-wide management and strategic planning, overseeing all operations outside of research and portfolio management.
Additionally, she serves as chairman of the board of trustees for Ariel Investment Trust.
30 Under 30: Africa’s Best Young Entrepreneurs
Young entrepreneurs are changing the face of Africa. Forbes magazine set out to produce a list of the 30 Africans under 30 years old who are making the most dramatic impact across the continent.
To do so, in November Forbes enlisted an outside panel of 12 judges from across Africa to help identify this group of outstanding entrepreneurs and innovators under the age of 30.
Black Buying Power To Reach $1.1 Trillion, Report Finds
Blacks will have more money to spend on goods and services, according to a recent report.
The State of the African-American Consumer Report found that black buying power is projected to reach $1.1 trillion by 2015, The Louisiana Weekly reports.
The study, which focuses on black spending, media habits and consumer trends, reported an increase in the amount of blacks attending college or earning a degree to 44 percent for men and 53 percent for women.
It also found an increase in the number of African American households earning $75,000 or higher by almost 64 percent.
Janice Bryant Howroyd & family
Net worth: $250 million
Source of wealth: Staffing, investments
Residence: Palos Verdes, Calif.
Age: 56
Fourth of 11 children; father was a foreman at a dye factory, mother stayed home to raise the kids. Janice took job as an assistant at Billboard Magazine; left to start staffing firm Act-1 in 1978 with $967 in savings and $533 in loans from family.
Built up client base via word of mouth, cold calls. Today the employment services agency generates annual revenues approaching $1 billion.
Donated $10 million to her alma mater, North Carolina Agricultural & Technical State University, in 2004; gave another $10 million to University of Southern California in 2005.
Robert Johnson
Net worth: $550 million
Source of wealth: BET, investments
Residence: West Palm Beach, Fla.
Age: 63
Former billionaire’s fortune has fallen from peak as recession hammered media and hotel markets. Founded cable channel Black Entertainment Television in 1979 with $15,000 of his own money and a $500,000 investment by cable king John Malone’s Tele-Communications Inc.
Became the first African-American billionaire in 2000 by selling BET to Viacom for $3 billion in stock and assumed debt.
Former wife and BET co-founder, Sheila Johnson, took big chunk of fortune in 2002 divorce. Shares of Viacom down 50% since last May, CBS off 70%.
Formed RLJ Companies: hotels, casino games, banks, NBA’s Charlotte Bobcats. Pledged to raise $30 million investment fund for Liberia; opening of $8 million Kendeja Resort slated for early summer.
File a Complaint with the Department of Justice
Office of Professional Responsibility
OPR’s jurisdiction is limited to reviewing allegations of misconduct made against Department of Justice attorneys and law enforcement personnel that relate to the attorneys’ exercise of authority to investigate, litigate, or provide legal advice.
Forward complaints against DOJ employees to OPR in writing. No forms are required, but the complaint should include:
the names and titles of the individuals suspected of misconduct,
the details of the allegations including case names,
any other relevant information,
copies of any documentation pertaining to the matter.
Robin C. Ashton
Counsel
Office of Professional Responsibility
950 Pennsylvania Avenue, N.W., Suite 3266
Washington, DC 20530-0001
HUD Discrimination Complaint
Federal law prohibits housing discrimination based on your race, color, national origin, religion, sex, familial status, or disability.
If you have been trying to buy or rent a home or apartment and you believe your civil rights have been violated, you can file your fair housing complaint online by clicking the Housing Discrimination Complaint button below.
Your housing discrimination complaint will be reviewed by a fair housing specialist to determine if it alleges acts that might violate the Fair Housing Act. The specialist will contact you for any additional information needed to complete this review.
If your complaint involves a possible violation of the Fair Housing Act, the specialist will assist you in filing an official housing discrimination complaint.
Black Power Magazine 