Mellody Hobson: ARIEL CAPITAL MANAGEMENT

ARIEL CAPITAL MANAGEMENT

Above all, Mellody Hobson is a defender of entrepreneurialism, and she thinks it should be for everyone. As president of $20 billion Ariel Capital Management, the largest African American-owned capital-management company in the world, Hobson believes entrepreneurial spirit can close the gap between rich and poor. And she has been aggressive about spreading that gospel, aiming "to make the stock market the subject of dinner-table conversation in the black community." At Ariel, Hobson launched the nation's first ongoing study of African-American investment behavior, calling attention to her hunch that blacks lag behind whites when it comes to investment, planning for retirement...