One thing the editors of BLACK ENTERPRISE have witnessed over our 35 years of chronicling the successes and failures of black business is that given half an opportunity (and oftentimes without even that), black entrepreneurs will adapt to any business climate. We have also found that from a pool of brilliant risk-takers, a few will emerge to achieve near-legendary status.
Our cover subject, Robert L. Johnson, embodies entrepreneurship in every way imaginable. In 1980 he launched Black Entertainment Television, the first cable channel to target African Americans. By the early 1990s, BET traded on the New York Stock Exchange--the first black-owned company to do so. …
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