Black Enterprise (stylized in all caps ) is an American multimedia company. A Black-owned business since the 1970s, its flagship product Black Enterprise magazine has covered African American businesses with a readership of 3.7 million. The company was founded in 1970 by Earl G. Graves Sr. It publishes in print and digital, an annual listing of the largest African-American companies in the country, or "B.E. 100s", first compiled and published in 1973. In 2002 the magazine launched a supplement targeting teens, Teenpreneur . Black Enterprise also has two nationally syndicated television shows, Our World with Black Enterprise and Women of Power .
15-427: The magazine was founded by Earl G. Graves Sr. In January 2006, he named his eldest son, Earl G. Graves Jr. (known as "Butch"), the company's chief executive officer. Butch joined the company in 1988 after earning his M.B.A. from Harvard University ; he received his bachelor's degree in economics from Yale University in 1984. He also sits on the board of directors of AutoZone, serving as lead director and chairman of
30-677: A number of divisions including publishing, marketing, radio, television and event coordinating arms. The firm is the co-owner of the private equity fund Black Enterprise Greenwich Street Corporate Growth Fund, an equity partnership formed with Travelers Group, Inc. The fund aims to invest and promote minority operated businesses. In 1990, Graves and Magic Johnson purchased the Pepsi Cola bottling franchise in Washington D.C. , and Graves served as CEO until 1998, when he sold his ownership to Pepsi. He held board and director memberships with
45-717: A number of other corporations, including AMR Corporation , Daimler AG , Federated Department Stores and Rohm and Haas , as well as board member of the American Museum of Natural History and Hayden Planetarium in New York City. He was also a member of the Board of Trustees of Howard University . Graves received the Silver Buffalo Award from the Boy Scouts of America in 1988, and served as
60-496: A seat on the advisory board of the Small Business Administration (SBA) in 1968. He undertook his first job at the age of seven selling boxed Christmas cards for his uncle. His territory was severely limited due to his father's rule that he could only sell to people living on their side of the block. While at Morgan State University, Graves made a name for himself as an entrepreneur. Realizing that there
75-711: The National Commissioner from 1985 to 1994. He received the NAACP 's Spingarn Medal in 1999. In 2002, Graves was named as one of the 50 most powerful and influential African Americans in corporate America by Fortune magazine. Graves was appointed by the administration of George W. Bush to serve on the Presidential Commission for the National Museum of African American History and Culture . On April 26, 2007, Earl G. Graves Sr.
90-412: The age of 85. Black Enterprise Black Enterprise (stylized in all caps ) is an American multimedia company. A Black-owned business since the 1970s, its flagship product Black Enterprise magazine has covered African American businesses with a readership of 3.7 million. The company was founded in 1970 by Earl G. Graves Sr. It publishes in print and digital, an annual listing of
105-401: The article's talk page . Earl G. Graves Sr. Earl Gilbert Graves Sr. (January 9, 1935 – April 6, 2020) was an American entrepreneur , publisher , businessman, philanthropist , and advocate of African-American businesses . A graduate of Morgan State University , he was the founder of Black Enterprise magazine and chairman of the media company Earl G. Graves, Ltd. He was
120-510: The company's chief executive officer. Butch joined the company in 1988 after earning his M.B.A. from Harvard University ; he received his bachelor's degree in economics from Yale University in 1984. He also sits on the board of directors of AutoZone, serving as lead director and chairman of the compensation committee. Black Enterprise has been profitable since its 10th issue. The company, headquartered in New York City, has 58 employees and had revenues of $ 22 million in 2017. The magazine won
135-511: The compensation committee. Black Enterprise has been profitable since its 10th issue. The company, headquartered in New York City, has 58 employees and had revenues of $ 22 million in 2017. The magazine won the 1997 FOLIO: Editorial Excellence Award in the business/finance consumer magazine category. This business magazine or journal-related article is a stub . You can help Misplaced Pages by expanding it . See tips for writing articles about magazines . Further suggestions might be found on
150-599: The director for Aetna and Executive Board member of the Boy Scouts of America . He was the father of Earl G. Graves Jr. Born in Brooklyn, New York , to Earl Graves, an immigrant from Barbados, and Winifred (Sealy) Graves, who was from Trinidad. Graves grew up in the Bedford-Stuyvesant section of New York City . A member of Omega Psi Phi fraternity, he received a Bachelor of Arts degree in economics in 1958 from Morgan State University . He
165-496: The importance of black consumer power. At the suggestion of then SBA Director Howard J. Samuels , Graves would expand the concept of a newsletter into a full-fledged magazine. Graves started Earl G. Graves, Ltd, and under that holding company he began the Earl G. Graves Associates management consulting firm. In August 1970, the first issue of Black Enterprise magazine would hit newsstands. Earl G. Graves, Ltd would grow to include
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#1732772297246180-451: The largest African-American companies in the country, or "B.E. 100s", first compiled and published in 1973. In 2002 the magazine launched a supplement targeting teens, Teenpreneur . Black Enterprise also has two nationally syndicated television shows, Our World with Black Enterprise and Women of Power . The magazine was founded by Earl G. Graves Sr. In January 2006, he named his eldest son, Earl G. Graves Jr. (known as "Butch"),
195-624: Was a big market for flowers during Homecoming Week, he went to two competing local florists and cut deals with both to sell flowers on campus. For a percentage of the profits, the florists provided the flowers while Graves covered the campus. His time serving on the SBA's advisory board and his direct work with the agency would lead Graves to his belief in the need for advice to businesses in economic development and urban affairs, which convinced him to create an annual newsletter that would chronicle issues relevant to black business people, and raise awareness of
210-505: Was an ROTC graduate and attended Airborne and Ranger Schools. Having written a letter to the Democratic National Committee , he became a volunteer for the 1964 presidential campaign of Lyndon B. Johnson . His work with the party gave Graves the opportunity to serve as administrative assistant to newly elected Senator Robert F. Kennedy in 1965. Following the assassination of the senator, Graves would land
225-701: Was inducted into the Junior Achievement U.S. Business Hall of Fame. In 2009, he became the recipient of the 2009 NCAA Silver Anniversary Award. In his honor, Morgan State University 's business school was named Earl G. Graves School of Business and Management. It was opened in 2015. A "special thanks" to Mr. Graves is included in Bayer Mack 's documentary No Lye: An American Beauty Story . Graves died in White Plains, New York , on April 6, 2020, from complications of Alzheimer's disease at
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