Summary
Black entrepreneurs
The widespread corporate downsizing of the early 1990's has ironically helped to spur the growth of new African-American-owned firms. Many former corporate executives who have formed their own companies are profiled, including Ronald Damper of Chicago's Damron Corp.See the full content of this document
Extract
Saying goodbye to corporate America.
It takes a lot of guts to start a company in an industry where the leading brand is about as American as apple pie. But for Ronald Damper, the drive to leave corporate America and start his own tea company was stronger than any cup Lipton could ever brew.
The 44-year-old former Citibank vice president spent most of his 15-year career in financial services overseeing multimillion-dollar finance deals for items ranging from super tankers to aircraft fleets. When Citicorp wanted to transfer him from Chicago to New York, he stayed in the Windy City and took the plunge into the tea business. Today, his dream company, Damron Corp. of Chicago, produces the house blend for 95% of McDonalds's restaurants throughout the country. Started in 198...See the full content of this document
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