Gaines & Johnson: A Different World Of A Lesson In HBCUpreneurship & Leadership

By William A. Foster, IV

A man must eat a peck of salt with his friend before he knows him. – Miguel de Cervantes

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Recently Lou Meyers, the man who played Vernon Gaines on A Different World, passed away. As such it made me take some time and reflect on his character from the show. Awhile back I wrote that the characters Dwayne Wayne and Ron Johnson missed a golden opportunity to build a technology company together and instead Ron and Mr. Gaines would open what would be the “typical” show of African American ownership – a club. However, upon reflection even I must admit I missed a golden lesson about something even I experienced while I attended multiple HBCUs and something I believe to be very unique to HBCU culture.

Relationships matter. There is something amazing about the relationship at HBCUs with the students and groundskeepers, janitors, secretaries, cafeteria workers, and others who quietly make the college or university run also commonly referred to as staff. They are as integral and as invested often times in our students’ success as anyone. These unsung heroes provide the little things to HBCU students through their matriculation and was embodied by Mr. Gaines’ character on A Different World. Mr. Gaines was constantly providing words of encouragement and priceless wisdom to all that came through The Pit’s doors. He showed by example hard work and leadership to students who worked under his apprenticeship. They learned lessons from him that no classroom or schoolbook could teach. Oft times providing some of those lessons to faculty as well.

In the case of Ron and Mr. Gaines even I missed something vitally important. Mr. Gaines gave much of his life savings to obtain the club with Ron. It was a huge risk for him personally but what an amazing moment. We so often talk about how we lack access to resources especially financial ones and other expertise but it is often because we are not thinking outside of the box. Many times the resources are right under our nose. Ron and Mr. Gaines partnership was a match made in heaven. Ron was the consummate promoter, a risk taker, and full of youthful arrogance while Mr. Gaines was the steady hand of experience and wisdom along with being an operations guru making sure any ship under his care was going to be run efficiently and on time. Working at an HBCU he also could run anything on a tight budget squeezing every ounce of value out of every dollar. Ron came from a family that probably could have allowed him to bankroll it by himself but odds are he would have failed going alone. His weaknesses were Mr. Gaines strengths and vice versa. But it was years of relationship building between Mr. Gaines watching Ron mature from an immature freshman with promise to a driven young man that allowed their partnership to form in the first place. You see the “ivory” walls that exist between students and staff that exist at many colleges just do not exist at HBCUs and nor should they. Many of our students have parents and family who work in these type of jobs so they have a respect for the work that is tirelessly being done. It allows a wholistic development and humility for our students to be taught by everyone on the campus because everyone has something to offer to our students.

What eventually would come of the Gaines & Johnson partnership? That one club turned into a major food & events management and development company eventually going public on the Ghana Stock Exchange. They would continue to open clubs and eventually find their way into opening casinos, hotels, and restaurants using Hillman architecture, business, engineering, and hospitality graduates. The food & events management division would have the culture of The Pit. Run on a tight ship and on time. Its reputation throughout the industry would be unheralded. They would eventually secure contracts with multiple professional sports organizations and would be lead company managing the Super Bowl. Their development company would ultimately land a development deal in Tokyo, Japan for a major hotel and restaurant with the assistance of fellow alum and Senior Vice President Dwayne Wayne at Kenishewa who uses his influence to secure them favor.

This is the beauty you see on HBCU campuses. That our students and staff most often come from communities and families that allow them to relate to each other and see in each other the reminder of today and promise of tomorrow. Dr. Carter G. Woodson said in Miseducation of the Negro, African Americans would come from a family whose mother had been a maid washing clothing, they would go off to colleges and instead of them coming back and starting a chain of cleaners would rather become highbrow and go off to work in some company as still nothing more than fancy labor with a nice title. Missing an opportunity to truly build on the knowledge of the generation before and create ownership for the family and community. Most often because we were taught that only the “educated” have value instead of understanding that value is in the knowledge whatever it maybe and whomever it maybe coming from.

It is the unique relationship that often times HBCU staff see in the students the optimism for their own families. Something tangible which is why more than any other college or university I have visited during graduation, it is at HBCUs I most often see staff there and afterwards in pictures with students or students going to say those last goodbyes to the cafeteria worker who made sure they ate during finals. Or in the case of Mr. Gaines and Ron building on the expertise and knowledge of both even if it came via different sources. You see in that way on HBCU campuses there are opportunities everywhere and with everyone. There are lessons to be gained and leadership to be viewed from everywhere and everyone. There is much to be gained from the Mr. Gaines’ of HBCU campuses and as such their knowledge, value, and leadership must be respected and valued as much as any on our campuses. Lou Meyers you will be missed but the immortality of Mr. Gaines and all that his character embodied will live on.

The HBCU Money™ Weekly Market Watch

Our Money Matters /\ February 22, 2013

NAME TICKER PRICE (GAIN/LOSS %)

African American Publicly Traded Companies

Citizens Bancshares Georgia (CZBS) $5.27 (0.00% UNCH)

Radio One (ROIA) $1.45 (5.23% DN)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  184.73 (0.70% UP)

Botswana Stock Exchange (BSE)  7 861.91 (0.02% UP)

Ghana Stock Exchange (GSE)  1 447.69 (20.67% UP)*

Nairobi Stock Exchange (NSE)  105.27 (N/A)

Johannesburg Stock Exchange (JSE) 39 657.82 (UNCH)

International Stock Exchanges

New York Stock Exchange (NYSE) 8 894.63 (0.96% UP)

London Stock Exchange (LSE)  3 336.18 (0.70% UP)

Tokyo Stock Exchange (TOPIX)  963.48 (0.06% UP)

Commodities

Gold 1 580.80 (0.14% UP)

Oil 93.30 (0.50% UP)

*Ghana Stock Exchange shows current year to date movement. All others daily.

All quotes reported as of 6:00 PM Eastern Time Zone

Student Debt Profile By Conference (School By School) – The CIAA

CIAA

Bowie State University

Average debt of graduates, 2011 – $24 291

Proportion of graduates with debt, 2011 – 76%

Nonfederal debt, % of total debt of graduates, 2011 – 9%

2010-11 Pell Grant recipients – 52%

Elizabeth City State University

Average debt of graduates, 2011 – $3 846

Proportion of graduates with debt, 2011 – 44%

Nonfederal debt, % of total debt of graduates, 2011 – 49%

2010-11 Pell Grant recipients – 66%

Fayetteville State University

Average debt of graduates, 2011 – N/A

Proportion of graduates with debt, 2011 – N/A

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 72%

Johnson C. Smith University

Average debt of graduates, 2011 – $46 673

Proportion of graduates with debt, 2011 – 100%

Nonfederal debt, % of total debt of graduates, 2011 – 5%

2010-11 Pell Grant recipients – 58%

Lincoln (PA) University

Average debt of graduates, 2011 – N/A

Proportion of graduates with debt, 2011 – N/A

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 64%

Livingstone College

Average debt of graduates, 2011 – N/A

Proportion of graduates with debt, 2011 – N/A

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 84%

Saint Augustine’s University

Average debt of graduates, 2011 – $12 652

Proportion of graduates with debt, 2011 – 93%

Nonfederal debt, % of total debt of graduates, 2011 – 8%

2010-11 Pell Grant recipients – 74%

Shaw University

Average debt of graduates, 2011 – N/A

Proportion of graduates with debt, 2011 – N/A

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 75%

Virginia State University

Average debt of graduates, 2011 – $28 250

Proportion of graduates with debt, 2011 – 90%

Nonfederal debt, % of total debt of graduates, 2011 – 24%

2010-11 Pell Grant recipients – 71%

Virginia Union University

Average debt of graduates, 2011 – N/A

Proportion of graduates with debt, 2011 – N/A

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 67%

Winston-Salem State University

Average debt of graduates, 2011 – N/A

Proportion of graduates with debt, 2011 – N/A

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 53%

Source: The Project on Student Debt

HBCU Money™ Histronomics: Martin Luther King, Jr. on African American Owned Banks & Institutions

Below is an excerpt rarely mentioned from Martin Luther King, Jr.’s speech “I’ve Been To The Mountaintop” bringing into focus his feelings on the need for African American economic independence and the need for African Americans to support, strengthen, and build strong institutions under their ownership and stewardship. The next day he would be assassinated in Memphis, Tennessee.

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It’s all right to talk about “long white robes over yonder,” in all of its symbolism. But ultimately people want some suits and dresses and shoes to wear down here! It’s all right to talk about “streets flowing with milk and honey,” but God has commanded us to be concerned about the slums down here, and his children who can’t eat three square meals a day. It’s all right to talk about the new Jerusalem, but one day, God’s preacher must talk about the new New York, the new Atlanta, the new Philadelphia, the new Los Angeles, the new Memphis, Tennessee. This is what we have to do.

Now the other thing we’ll have to do is this: Always anchor our external direct action with the power of economic withdrawal. Now, we are poor people. Individually, we are poor when you compare us with white society in America. We are poor. Never stop and forget that collectively — that means all of us together — collectively we are richer than all the nations in the world, with the exception of nine. Did you ever think about that? After you leave the United States, Soviet Russia, Great Britain, West Germany, France, and I could name the others, the American Negro collectively is richer than most nations of the world. We have an annual income of more than thirty billion dollars a year, which is more than all of the exports of the United States, and more than the national budget of Canada. Did you know that? That’s power right there, if we know how to pool it.

We don’t have to argue with anybody. We don’t have to curse and go around acting bad with our words. We don’t need any bricks and bottles. We don’t need any Molotov cocktails. We just need to go around to these stores, and to these massive industries in our country, and say, “God sent us by here, to say to you that you’re not treating his children right. And we’ve come by here to ask you to make the first item on your agenda fair treatment, where God’s children are concerned. Now, if you are not prepared to do that, we do have an agenda that we must follow. And our agenda calls for withdrawing economic support from you.”

And so, as a result of this, we are asking you tonight, to go out and tell your neighbors not to buy Coca-Cola in Memphis. Go by and tell them not to buy Sealtest milk. Tell them not to buy — what is the other bread? — Wonder Bread. And what is the other bread company, Jesse? Tell them not to buy Hart’s bread. As Jesse Jackson has said, up to now, only the garbage men have been feeling pain; now we must kind of redistribute the pain. We are choosing these companies because they haven’t been fair in their hiring policies; and we are choosing them because they can begin the process of saying they are going to support the needs and the rights of these men who are on strike. And then they can move on town — downtown and tell Mayor Loeb to do what is right.

But not only that, we’ve got to strengthen black institutions. I call upon you to take your money out of the banks downtown and deposit your money in Tri-State Bank. We want a “bank-in” movement in Memphis. Go by the savings and loan association. I’m not asking you something that we don’t do ourselves at SCLC. Judge Hooks and others will tell you that we have an account here in the savings and loan association from the Southern Christian Leadership Conference. We are telling you to follow what we are doing. Put your money there. You have six or seven black insurance companies here in the city of Memphis. Take out your insurance there. We want to have an “insurance-in.”

Now these are some practical things that we can do. We begin the process of building a greater economic base. And at the same time, we are putting pressure where it really hurts. I ask you to follow through here.

Now, let me say as I move to my conclusion that we’ve got to give ourselves to this struggle until the end. Nothing would be more tragic than to stop at this point in Memphis. We’ve got to see it through. And when we have our march, you need to be there. If it means leaving work, if it means leaving school — be there. Be concerned about your brother. You may not be on strike. But either we go up together, or we go down together.

– Dr. Martin Luther King, Jr. (April 3, 1968)


The HBCU Endowment Feature – Coahoma Community College

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School Name: Coahoma Community College

Median Cost of Attendance: $7 054

Undergraduate Population: 2 216

Endowment Needed: $312 633 280

Analysis: Coahoma Community College needs an approximately $313 million endowment for all of its students to attend debt free annually. The school is located in Clarksdale, MS where almost 55 percent of the 20 000 plus population is African American. HBCUs in Mississippi either 2 year or 4 year face serious demographic issues in major part due to the median income for African Americans in the state being below the national poverty income.However, CCC is positioned with over 10 percent of the town’s population to greatly influence the public funding towards the institution. The ability to build its endowment could largely lie in it building intimate relationship with a number of HBCUs in the region and supplying them with quality graduates. With the growing importance of two year institutions as college grows more and more expensive and yet necessary, the influx of students through two year institutions will continue to spike. Coahoma Community College would be well served to create programs that are both four year tracks as well as tracks for non-academic careers like electricians, plumbers, and the advancing green job movement. However, it must do so with two things in mind. First, it must create a social connection for the students. They must feel that CCC was integral in their college experience whether they graduated at two years or went on to a four year. Secondly, and just as important for those focused on the two year track and non-academic studies they must offer a study in entrepreneurship for it. Not just teaching one to become an electrician but how to own and operate an electrician firm. Given that generational wealth is created via ownership of companies and firms this would ensure their students are job and wealth creators. This in turn will produce potential donors in the future that are intimately connected to the school.