Black Firms Had A GkKxi 1992
Thursday, May 27,1993 - THE CHARLOTTE POST - Page3A
NATIONAL NEWSPAPER
PUBLISHER ASSOCIATION
NEW YORK - The annual
Black Enterprise magazine
list of the top 100 black-
owned firms hit the news
stands this month, and it
shows that their gross reve
nues shot up by 13.9% last
year. This compares with
only a 4.4% rise for giant
Fortune 500 companies.
But Robert Johnson of the
Washington, D.C.-based
Black Entertainment Televi
sion (BETT), cautioned that
gross revenue figures can be
misleading. Says Johnson, "I
think we need to look at the
profit picture. We would be
surprised at how small the
bottom line is."
BET ranked No. 17 on the
list of top 100 industrial and
service companies. Accord
ing to the magazine, the top
10 black-owned companies,
and their gross revenues last
year were; 1) TLC Beatrice of
New York, $1.7 billion; 2)
Johnson Publishing Compa
ny of Chicago, $274 million;
3) Philadelphia Coca Cola
Bottling, $266 million; 4)
H.J. Russell Construction of
Atlanta, $145 million; 5) An-
derson-Dubose food distribu
tor of Solon, Ohio, $110 mil
lion; 6) RMS Technologies of
Marlton, N.J., $103 million;
7) Gold Line Refining of
Houston, $92 million; 8) Soft
Sheen Hair Products of Chi
cago, $91 million; 9) Garden
State Cable of Cherry Hill,
N.J., $91 million and 10)
Cross Colours Clothing of
Los Angeles, $89 million.
Jesse Jackson Okay
After Surgery
CHARLOTTESVILLE, Va. -
National black political
leader Jesse Jackson was re
ported in good condition re
cently after surgery on his el
bow and shoulder. The
procedure at the Uni
versity of Virginia
Science Center lasted
45 minutes. Jackson
was injured in an au
tomobile accident in
Los Angeles several
weeks ago, but delayed
having the operation
until this month.
Black Boycott of
Miami Ends
MIAMI - A national boy
cott of the Miami tourist in
dustry has ended after boy
cott leaders reached an
agreement with city leaders.
The boycott reportedly cost
the city $50 million during
the three years it was in ef
fect. Boycott leader H.T.
Smith concluded, 'We wanted
respect and we got it." The
non-binding 20-polnt agree
ment is supposed to create
AROUND
THE
WORLD
Top Teacher
greater economic opportuni
ties for Miami blacks. The
boycott began in 1990 when
city leaders refused to honor
South African freedom fight
er Nelson Mandela with a
proclamation.
Income Gap
Between Black,
White Elderly
NEW YORK- A study re
leased recently con
cludes that the poverty
gap between white and
black old people is sig
nificantly worse than
previously thought.
According to the fmd-
ings by a Cornell Um-
verslty professor, 28%
of black elderly are
considered poor, while
only 7% of white eld
erly live in poverty.
Blacks are about 50% worse
off than previous studies sug
gested. The authors are Mi
chael Rendall and Alden
Speare, Jr. Speare is a pro
fessor at Brown University.
Previously, studies only con
sidered income. The Rendall-
Speare study also calculated
wealth.
Jamaica Crime and
Tourism Are Up
KINGSTON, Jamaica - The
predominantly black Ca
ribbean Island nation of Ja
maica has the dubious dis
tinction of having one of the
highest crime rates in the
world. And a public opinion
poll released in mid-May
found that crime and vio
lence was the top concern of
Island residents. Despite the
crime wave, the Jamaican
Tourist Board recently re
ported that tourism earnings
grew by 16.8% last year. A to
tal of 1.5 million people vis
ited the vacation spot. Jama
ica has a native population
of 2.4 million.
CLARIFICATION
A story in the May 20 Post
incorrectly stated Howard
Counts' job title. Counts Is
International director of
strategic planning for
Hoechst Celanese World
Wide.
You Can Be A Know-It-All
Local, Regional,
National Black News
C^)arlott«
Continued From Page lA
the state reinstated capital
punishment in 1984.
The researchers said that a
complete accounting of such
costs must also Include the
extra costs of capital cases
that did not result in the exe
cution of the defendant.
When those costs are consid
ered, the study found that the
extra cost per death penalty
Imposed is more than
$250,000.
"My best guess, based on re
cent history, is that roughly
one in every 10 defendants
who received the death pen
alty in North Carolina will
ultimately be executed,"
Cook said. Based on that as
sumption, he said, the cost to
public agencies per execution
exceeds $2 million.
'We leave it to others to
judge whether the benefits of
executing some murderers
End of School
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On The Completion Of
Another School Year!
You Are Invited To
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KELVIN SEABROOKS
FORMER IBF WORLD CHAMPION
COMMUNITY RELATIONS DIRECTOR
KELVIN SEABROOKS & ’’KELVIN’S KIDS”
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SCHOOL-
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(pledge forms will be available at the party if you need one)
PHOTO/CALVIN FERGUSON
Brenda Height, a fourth-grade teacher at University Mead
ows Elementary School, won the Mary McLeod Bethune
Award as the most popular teacher in Charlotte-
Mecklenburg. Height received a $500 award for the honor,
while University Meadows Principal Jim Hough (right)
h^lds the school's check for $1,000. Height, who topped pol
ling among all N.C. teachers, was elected most popular teach
er in a vote by students who determined the teacher who
most influenced their lives. Said Casey Cogolin, one of
Height's fourth-graders: "She makes me want to come to
simool. I love this fourth-grade year." The awards were pre-
sf^ted by Burger King Corp.
Life's Cheaper, Study Says
are such that it is worth
while to expend so much
public resources on the ef
fort," Cook and Slawson
wrote m their report.
The objective of the 20-
month study, funded entire
ly by the State Justice Insti
tute through a grant to the
N.C. Administrative Office
of the Courts, was to provide
legislators and criminal jus
tice officials with estimates
of the cost of trying capital
cases. Such estimates are
useful for budgeting purposes
and assessing the costs of
changes to the law and rules
governing capital trials and
appeals.
Cook and Slawson said de
fendants In murder cases
where death can be the sen
tence receive "super due pro
cess" protection that means
the typical capital case Is
more expensive at every
stage of the legal process.
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