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Do you know who the first black woman millionaire is? She's Madame C. J. Walker. Since her time, Black women have been part of the survival and successes of many businesses in the United States and other countries. The road to success has never been easy for them because more than other races, Black businesswomen had to endure racial discrimination and sexism. But in spite of it all, they've managed to survive and prosper, partly because of their resourcefulness and creativity. You may not know it, but Black women have thousands of ideas and inventions used by many American corporations today to earn billions. When you say successful black women in business, the first person that comes to the mind of most people is Oprah Winfrey, the famous talk-show host, media magnate, and self-made billionaire. However, there are many other Black women who have made it big in the business world.
Ursula Burns, president of Xerox, is a African-American women who have made a big impact in the business arena. Recognized as a Fortune 500 company, Xerox has been known for putting women executives to the top managerial positions. Burns has helped improve the company's product line and sustained R&D of new technologies; and under her management in 2007, Xerox grew by 20%. Included in the list of successful black women in business is Susan Chapman, Global Head of Operations in Citigroup Realty Services. Holding the 2nd spot in the business unit, Chapman manages the company's daily operations in 96 countries. This Black woman supervises mergers and company acquisitions, strategic projects, development of retail branches, administration of real estate, as well as international business relationships.
Who will forget Edith Cooper, the head of North American Hedge Fund Distribution, Fixed Income, Currencies, & Commodities in Goldman Sachs? In 1998, this Black woman promoted as managing director and after two years, she became the company's partner in London, where she co-led Goldman Sachs' commodity business for Asia and Europe. It was in 2004 when she was again promoted as co-head of global clearing and execution in the company's equity division. Amy Ellis-Simon and Mellody Hobson are also among the successful black women in business. Ellis-Simon is the Managing Director of the Multi-product Sales Team in Merrill Lynch, while Hobson is president of Ariel Capital Management L.L.C., the country's largest black-owned money management firm that's based in Chicago.
Melissa James, the managing director of Morgan Stanley's Loan Products Group and Suzanne Shank, the president and CEO of Oakland, California-based Siebert Brandford Shank & Co. L.L.C., can also be considered as successful black women in business. Joining them on the list are Gwendolyn Smith Iloani, the chairwoman, president, and CEO of Smith Whiley & Co.; Tracey Travis, CFO & Senior VP of Finance in Polo Ralph Lauren Corp.; and Lisa Pickrum, the Executive VP & COO, RLJ Cos. L.L.C.
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