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Mellody Hobson of Ariel Investments: ‘Capitalism Needs to Work for Everyone’

Jul 18, 2019 - The New York Times
Board and Executive Moves

Mellody Hobson was raised by a single mother and endured economic hardship as a child. The phone was shut off. The car was repossessed. Her family was evicted.

Today, Ms. Hobson is one of the most senior black women in finance. She serves on the boards of JPMorgan Chase and Starbucks, and this month was named co-chief executive of Ariel Investments, the largest minority-owned investment firm.

Many things contributed to Ms. Hobson’s remarkable rise through corporate America. Her mo...