Xerox president Ursula Burns and Oprah Winfrey, Queen of the Universe, took the 10th and 8th spots, respectively, on Fortune's list of the 50 Most Powerful Women (in American business). Burns, 50, has been with Xerox for 28 years and sits on the board of American Express. Oprah…well, you all know what Oprah does. No. 1 on the list is Indra Nooyi, Chairman and CEO of PepsiCo. [Fortune]

» Jay-Z's Low-Key Label

Flying under the radar, Jay-Z recently launched a label with producing duo Stargate called StarRoc. Jay and Co. will develop new artists through 360 deals — umbrella deals that include albums, tours, merchandise, etc — similar to that $150 million deal Jay-Z signed with Live Nation earlier this year. [NYT]

  Respond
Obnoxiousness Wins

Are you a guy who believes that a woman's place is in the home and that your job is to bring home the bacon while your wife watches the kids and cleans? If so, that philosophy is probably working out pretty well for you, financially speaking. A new study suggests the men with "traditional" views make substantially more money than men with "egalitarian" views, and traditional-minded women make the least money of all.

Men with egalitarian attitudes about the role of women in society earn significantly less on average than men who hold more traditional views about women's place in the world, according to a study being reported today. It is the first time social scientists have produced evidence that large numbers of men might be victims of gender-related income disparities. The study raises the provocative possibility that a substantial part of the widely discussed gap in income between men and women who do the same work is really a gap between men with a traditional outlook and everyone else.

Do you buy it? Who knows — but let's hope this study's findings doesn't make misogynists out of all men around raise time. [WP]

» Black-Owned Businesses vs. White-Owned Businesses

A new book, Race and Entrepreneurial Success: Black-, Asian-, and White-Owned Businesses in the United States, analyzes why Asian-American- and white-owned businesses fare so much better than businesses that are black-owned. According to the Washington Post: "By drilling down into the Census data, the authors found that fundamental issues of education and financing greatly impact an entrepreneur's chance for success. Fifty percent of African Americans have less than $6,200 in personal wealth, which is one-eleventh of that held by whites and Asian-Americans. Less than 20 percent of African Americans go to college compared to 30 percent of whites and 50 percent of Asian Americans."

  25 Responses
» More Rich People Feeling The Crunch

Jermaine Dupri recently decided to shut down his new health food restaurant in Atlanta. “The economy has changed dramatically and people just aren’t eating out as much anymore,” Dupri told AllHipHop.com. “People are cutting back everywhere and a lot of companies, including Café Dupri, are feeling the affect. For the past two months business at the Café has been down and if the business isn’t making money, I feel its a smart move to shut it down. Bottom line: if it doesn't make money, it doesn't make sense.”

  2 Responses
Better Black Television?

Master P, ahem, P. Miller, has a new business venture to go along with his name change. The No Limit millionaire has announced plans to launch Better Black Television, a cable network designed to "bring people of color a choice when turning on their television." The family-friendly programming will include health, animation, sitcoms, reality TV, movies, politics, sports, and — just guessing — several poorly-produced, woodenly-acted shows and movies starring P. Miller and Romeo. Take a look at Miller's idea of quality family entertainment here.

CONTINUED »

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When Vogue Italia editor Franca Sozzani announced her decision to create an all-black issue, she recognized that it might not go over that well in Italy."Maybe in our country it is not the best idea," she said. "But I don't care. I think it is not my problem if they don't like it — it's their problem." It's definitely not a problem at all. Even if it's the lowest-selling Vogue Italia of the year in Italy (although there's no indication that it is), it is certainly the best-selling Vogue Italia issue in the States. This explains why every one I've gone into for the past week has been sold out of them.

CONTINUED »

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A few months have passed since the launch of Kimora Lee Simmons' Fabulosity fragrance, so it was way past time for her to have a red-carpet launch for some other line named Fabulosity. Last night, it was her JC Penney's Fabulosity juniors line. Maybe it's time for her to make up a new word — fabulosity has clearly run its course.
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Sound Off

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The ever-illuminating Freakonomics blog reports on a new study that suggests employees who "sound black" are paid an average of 10 percent less than others.

Do you buy this argument? Do you believe there is such a thing as "sounding black" or "sounding white?" If so, how do you sound?

And Other Rapper Business Ventures

kanyelouis.jpgThe money, which often isn't as much as one might think, that recording artists make off of their music these days is enough to make the average person very happy, but not quite enough to fund the crazy, extravagant lifestyles that they like to publicly flaunt. Hence, the ubiquitous clothing lines, colognes, footwear lines, and other branding deals. In recent days there have been a flurry of such deals, from high brow to low brow

CONTINUED »

» Damn, Yankees?

What's the point of having hundreds of millions of dollars if you don't buy things? None! Which is why Jay-Z, who already owns a portion of the New Jersey Nets, is looking to purchase shares in the New York Yankees. If the folks at the Yankees organization have any doubt as to his level of commitment, they should check out his choice in head wear. [SP]

  7 Responses
minority_report.jpg

damedashrachelroy.jpg• Damon Dash and Rachel Roy just signed a $4 billion licensing deal for Roy's clothing line. This should put to end those Dame-Dash-is-bankrupt rumors. [NR]

• This is sort of preaching to the choir, but still. The war sucks. [JJP]

• Want to learn about the black family? CNN'll school ya. [CL]

• More on R. Kelly's pervy past. [SOHH]

• True, Chris Brown is younger than Rihanna. But she doesn't like them this young. [SR]

Angelina Jolie's Just the Tip of the Klan Hood

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Surprise, minorities: Hollywood doesn't like casting us as leads in films, even if that means completely shifting around facts to accommodate white actors.

Although director Spike Lee just dressed down the wizened Clint Eastwood for not including black extras in his WWII dramas, a new ABC News article takes issue with the way Hollywood consistently uses whites to fill major roles written for blacks, Hispanics and Asians. To wit:

In the new movie "Stuck," which opened last week, actress Mena Suvari plays a young woman named Brandi, who, after a night of partying, strikes a homeless man with her car, sending him through her windshield, and leaves him to die.

The plot is based on the real-life story of Texas woman Chante Mallard…

Mallard is African-American. Suvari, the blonde, blue-eyed beauty from "American Beauty" and the "American Pie" movies, is not. But she does wear cornrows to play the role of Brandi.

Also recently manipulated to remove minorities was 21, the story of an MIT "whiz kid" who went to Vegas and made a killing counting cards. In reality, the student is Asian American, but a white Englishman was cast to play him.

To get an explanation about why minority actors and actresses are being neglected in favor of whites, do what you do every time you have a question about this really demented world: follow the money:

CONTINUED »

oprahsfavoritethings.jpgGetting Oprah to shill your goods is “the gold standard” in marketing and PR. So how come an industry built on busting through the clutter of consumer pitches doesn’t quite understand the Oprah machine? That’s the only reason we could find for AdAge’s expose on the matter. Or maybe top-ranking publicists do get the Oprah/Harpo juggernaut, and this primer on landing your book, lotion, or motor vehicle on her talk show, magazine, or satellite radio program is a waste of copy. But perhaps not.

CONTINUED »

If That City Is Philly, Chicago, Detroit, DC, Atlanta or Baltimore.

jcwatts.jpgFormer Republican Congressman JC Watts — who stepped out of politics to run his business, later becoming a correspondent on Fox News and CNN — says CNN and Fox News just don't cover black topics like they could. But that's old news. The new news is that Watts is planning on launching a Black News Network sometime in 2009. No word on who is launching it with him or how he's doing it, but experts estimate it would cost about $100 million to launch a news network and six months to staff it. Comcast has already agreed to carry the channel in Philly, DC, Baltimore, Atlanta, Chicago, and Detroit, most of which have majority-black populations. As nice as this seems, how exactly will a black news network with a staunch Republican at the helm really turn out? Only time will tell, but I'd be happy to take guesses on who will be the O'Reillys, Olbermanns, and Matthews of the new network. [NYP]



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