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In the world of finance and corporate leadership, Mellody Hobson stands as a beacon of excellence and a role model for aspiring professionals. An investor, businesswoman and financial educator, Hobson is a former chair at companies like Starbucks and Dreamworks, TED Talk frequent-flier, and importantly the president and co-CEO of Ariel Investments. With a career spanning decades, she has redefined what it means to be a Black leader in the investment world while championing diversity and inclusion at every step. But Hobson’s journey to becoming one of the most influential businesswomen in America is as inspiring as it is groundbreaking. Early Life And Education: Foundations Of Success Born in Chicago in 1969, Hobson grew up in modest circumstances, raised by a single mother who instilled in her the importance of hard work and education. Hobson excelled academically and eventually earned a full scholarship to Princeton University, where she graduated with a degree in Public and...
Restaurants and pop culture have a special relationship with Red Lobster. From the mention of its signature biscuits in songs to being one of the go-to spots for family and friends, Red Lobster has decades of impressions among millions of consumers. Now, the fast-casual restaurant has a new CEO at its helm, 35-year-old Damola Adamolekun. Adamolekun is a Nigerian native who now leads Red Lobster after a successful stint as the top executive and first Black CEO of the Asian-fusion restaurant P.F. Chang’s. According to the National Restaurant Association, Adamolekun helped generate an estimated $1 billion in revenue for the chain. This level of expertise is part of the reason the former Goldman Sachs investment banker was hired to help Red Lobster overcome its looming business performance problems. In May 2024, the seafood chain filed for bankruptcy. CNN noted that years of mismanagement, inflation, and competition led to more than $1 billion in debt and less than $30 million in cash...
In the age of “getting to the bag,” several entrepreneurs and bosses have detailed some of their day-to-day routines and how it is instrumental to their success. From starting the day with yoga and meditation to having a favorite morning beverage, the start of a pattern from successful people has emerging business owners (or those just interested) intrigued with the potential transferable option to emulate for their personal lives. However, the 33-year-old first Black CEO of P.F. Changs – Damola Adamolekun – bypasses the holistic self-care stuff and jumps straight into work.
Getting to the bag has been a part of Spelman College alumna Rosaline “Roz” Brewer ’s story. Appointed as the CEO of Walgreens in March 2021, Roz has now become the highest-paid female chief executive officer, according to a recent Equilar study. Brewer’s salary was $28.3 million, with $20.2 million of that compensation in stock awards. According to CBNC, Equilar looked at the largest 100 companies by revenue that filed 2021 proxy statements by March 31. Although several companies have not submitted proxy statements, the data found did provide insight into how things are shaping up for top executive women. According to the data, nine women CEOs are among the top female earners. This was an increase from six in the prior year. However, there were no women in the overall top chief executives. Nevertheless, Brewer ranked 14 overall among the highest-paid CEOs. “It is discouraging to see how underrepresented women are at the top and how overrepresented they continue to be at the bottom...
Black women are making history on a daily basis. In a press release, United Way Worldwide announced on Sept. 9 that Angela F. Williams will be the organization’s next president and CEO — making Williams both the first woman and first African American to hold the lead position. “I am absolutely honored to join the world’s leading charity at a key moment in the organization’s history and world events,” Williams said in a press release. “Around the world, issues of health, education and economic sustainability are at the forefront of ensuring equality and access to a good quality of life. I recognize and appreciate the tremendous role that United Way Worldwide plays in supporting individuals and families and transforming communities.” Although a new role will soon be in effect for Williams, she already has expertise in leadership under her belt as she is currently the president and CEO of Easterseals. Williams also has more than 30 years of management experience with major non-profit...