You know i like bashing these rappers/hustlers and putting them on to the league where the big boys play,but one thing is certain real recognize real. There are diamonds amongst this rubble of coal lets take the time to highlight them no this isn''t the Forbes Top Ten Richest Rappers the game,jay-z,50 cents etc I'm talking bout the big league "Black Money Magazine's Top Ten powerful blacks on wall street" by the numbers [if you don"t know the numbers are what we call in the language of money"Net Worth"]Based on their assets under management. These are the only men that can truly talk that: ballin, hustler, millionaire talk,because according to the numbers they earned it.Now "We were indubitably right about one thing. Black power on Wall Street will never be the same. Dreaming big dreams, our group of pioneers shared the determination of the civil-rights generation's heirs to succeed independently in the mainstream--and to do so in spite of, not because of, their blackness. Their goal was to build companies that were not the best only in comparison with other black-owned firms but simply the best in their field. That isn't going to change.
10.William Kennard Managing Director of the ultra exclusive private equity fund The Carlyle Group. He was also the first black FCC chairman
But we were naive, perhaps, to suppose that having the right credentials and even access to deep coffers would be enough to successfully infiltrate America's largest white-male fraternity--Wall Street. That may sound like an odd statement considering that Merrill Lynch, the biggest firm on Wall Street, has a black CEO, Stan O'Neal. But climbing a corporate hierarchy and starting a business are two different things, and the people we're concerned with have been trying to do the latter. In fact, there is a new group of African-American entrepreneurs finding success on Wall Street (more on them in a minute), but they are mostly specialists with niche businesses. Success has remained elusive for black-owned firms trying to build full-service brokerages and general equity asset-management businesses.the preceding comments are taken from[http://money.cnn.com/magazines/fortune/fortune_archive/2004/06/28/374377/index.htmn.com/magazines/fortune/fortune_archive/2004/06/28/374377/index.htm.
Now meet the new Black Money Magazine's Top Ten Black Power Brokers on Wall Street. Ambitious, well connected, educated at elite schools, and trained at some of the Street's top firms, these entrepreneurs seemed to represent a shift in African-American power from show biz,music, sports to financial ones. these 7 investment bankers and 3 CEO's are taken from Black Enterprise magazine great publication.
Now meet the new Black Money Magazine's Top Ten Black Power Brokers on Wall Street. Ambitious, well connected, educated at elite schools, and trained at some of the Street's top firms, these entrepreneurs seemed to represent a shift in African-American power from show biz,music, sports to financial ones. these 7 investment bankers and 3 CEO's are taken from Black Enterprise magazine great publication.
Remember the Golden rule people he who has the Gold will rule".
$$$MaxamillionDolla signing off
10.William Kennard Managing Director of the ultra exclusive private equity fund The Carlyle Group. He was also the first black FCC chairman Member of the Board of Sprint Nextel (2005-) Member of the Board of Hawaiian Telcom (2005-) Member of the Board of Dex Media (2002-) Member of the Board of The New York Times Company (2001-) Member of the Board of Nextel (2001-05) Phi Beta Kappa Society
9.INVESTMENT BANKING - Bernard Beal, CEO, M.R. Beal & Co., New York, NY, Age: 51Bottom Line: Beal is at the helm of the sixth-largest black-owned investment bank with more than $42 billion in managed issues for 2005. Since its inception in 1988, M.R. Beal has grown to 45 professionals based in offices throughout New York; Sacramento, California; Chicago; Dallas; and Atlanta. Beal leads a team that has participated in $29.9 billion of municipal bond underwritings in 2005 and continues to rank among the top 20 underwriters of municipal securities worldwide.
8.INVESTMENT BANKING - Ronald E. Blaylock, Chairman & CEO, Blaylock & Co., New York, NY, Age: 46Bottom Line: Blaylock’s firm holds the No. 3 spot on the BE INVESTMENT BANKS list with $82.7 billion in total managed issues. The one time Georgetown University hoops star garnered an industry wide reputation in 1996 when the company became the first minority owned firm to lead a corporate bond underwriting. Blaylock continues to make some eye catching moves. In 2005, the firm served as a lead manager on a $1.6 billion bond financing for General Electric and its equity capital markets business and as a co-manager on Google’s $4 billion secondary offering.
7.INVESTMENT BANKING - Napolean Brandford III, Chairman & Founding Partner, Siebert Brandford Shank & Co. L.L.C., New York, NY, Age: 54Bottom Line: With 25 years of experience under his belt, Brandford is a seasoned public finance veteran. The founding partner manages the Texas and Western regions of SBS. Brandford maintains an active client list that includes many city and state agencies nationwide. An astute financial strategist, he competes against giant firms. Such power moves have worked well in building SBS and helped it seize the No. 4 spot on the BE INVESTMENT BANKS list with $50.6 billion in total managed issues.
6.INVESTMENT BANKING - Lloyd Campbell, Managing Director, Rothschild Inc., New York, NY, Age: 48Bottom Line: This son of a Tuskegee Airman is flying high. Not only does Campbell chair the Compensation and Promotion Committee for the North America division, he raises institutional capital for Five Arrows, the firm’s merchant banking arm. Outside of Wall Street, Campbell is making an impact as chairman and founder of Pride First Corp., a nonprofit organization committed to improving education among New York City youth.
5. INVESTMENT BANKING - Moctar A. Fall, Managing Director & Head of Debt Capital Market for Emerging Markets, JPMorgan Emerging Markets, New York, NY, Age: 46Bottom Line: A world class financier, Fall heads the Capital Markets Group, which is responsible for the origination of debt for issuers in Asia, Latin America, Eastern Europe, the Middle East, and Africa. His group also manages the Emerging Markets Debt Capital team in New York. Notable career moves: Fall headed the team that led the first Deutschmark Global Bond for the World Bank and headed a team that led the $4 billion. 30-year Brady exchange for Venezuela.
4.INVESTMENT BANKING - Gregg Gonsalves, Partner & Managing Director, Industrial Group, Goldman Sachs & Co., New York, NY, Age: 38Bottom Line: Several high profile mergers and acquisitions helped launch Gonsalves into a partnership position at Wall Street powerhouse Goldman Sachs in 2004. He has continued to impress with his prowess at structuring billion dollar transactions in the high stakes arenas of aerospace, defense, and technology. Most recently, he advised Boeing on the $1 billion sale of its Wichita parts manufacturing facility (Spirit AeroSystems) to Onex Corp. Gonsalves has been involved in mergers and acquisitions activity in industries ranging from automobile manufacturing to paper and forest products.
3.American express CEO = Ken Chenault ceo of one of the biggest credit card companies [you know that card we blacks can't seem to get approved for lol]
American express [ticker symbol AXP ]is a 68.8 billion dollar market cap company
2.Time Warner CEO - Richard parsons ceo of Time Warner [ticker symbol TWX]which owns AOL,TBS,TNT,USA a 70.5 billion dollar market cap company.
1.Merrill Lynch CEO - Stan O'neal ceo of one of the largest investment banking firms in america [ticker symbol MER] Merrill lynch is a $62.8 billion dollar market cap company he's a personal idol of mine and an exemplary role model for african americans and anyone else for that matter. Cheers to you Stan for paving the way for us and showing us we too can play on the big stage Wall street.
if you would like to know the ticker symbol of a publicly traded stock click this link and write the name of the company and yahoo will give you the ticker symbol.
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