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Collaboration is one of the most powerful forms of currency, and the proof is evidenced by Pharrell Williams and HEINEKEN USA. In a recent press release, HEINEKEN USA announced a partnership with Pharrell’s nonprofit venture, Black Ambition. In 2020, the nonprofit was founded to help close the wealth gap through entrepreneurship. According to the company’s website, Black Ambition “invests capital and resources in high-growth startups founded by Black and Latinx HBCU students and entrepreneurs.” To date, Black Ambition has awarded $3.2 million to 34 business owners in the sectors of technology, goods and services, healthcare, and design.
Over a dozen companies have just pledged to add at least one Black director to their boards within the next year, AP News reports. The move comes as an effort to ensure their leadership reflects the customers they serve. “America has been reminded again in tragic fashion that we must redouble our efforts to build a more inclusive society,” said co-founder of The Board Challenge and CEO of Altimeter Capital, Brad Gerstner in a statement. “Business leaders can’t let this moment pass us by without playing our part and taking this tangible step to build a more diverse boardroom.” Co-founders of The Board Challenge will check in with the respective companies after six months and again at the 12-month mark. They will also aid in helping them find candidates to fulfill their positions. While this is a huge step, there’s still a ways to go when it comes to getting people who aren’t white men into leadership positions. According to Black Enterprise, more than a third of the big companies...
Earl G. Graves, Sr. — founder and publisher of Black Enterprise (BE) — has passed away at 85-years-old. According to Black Enterprise, his son and BE CEO, Earl “Butch” Graves Jr. said his father transitioned “quietly” at 9:22 p.m. on April 6 after fighting Alzheimer’s Disease. The legendary entrepreneur is considered a Black business pioneer and champion of financial literacy. Through his lifetime Graves’ passion for uplifting and educating the Black community led him to establish Black Enterprise magazine in 1970 and steer it to become one of the leading voices in the world of business. With a $250,000 business loan Graves’ grew BE to become a reliable resource for African American entrepreneurs. He created a go-to platform that provided encouragement as well as sought after information on how to navigate business endeavors. In Graves’ best-selling book, “How To Succeed In Business Without Being White,” he details the foundation of his mission and why he created BE magazine. “The...