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Nation's wealthiest Black man says corporate America should consider slavery reparations
Posted on 8/12/20 at 4:55 pm
Posted on 8/12/20 at 4:55 pm
quote:
The nation's wealthiest Black man called on corporate America to step up and address inequities in society, saying companies that profited from the historic slave trade should consider paying reparations.
Robert Smith, who made headlines last year when he shocked the graduating class of the historically Black Morehouse College with news that he was paying off their student debts, opened up about the private sector's role in racial justice in an interview with Reuters published Wednesday.
"I think that’s going to be a political decision that’s going to have to be made and decided upon," the CEO of private equity firm Vista Equity Partners told the outlet. "But I think corporations have to also think about, well, what is the right thing to do?"
quote:LINK
Smith suggested corporations can use their "capital to repair the communities that they are directly associated with in the industries in which they cover."
"I think that has to be a very, a very thoughtful approach," he added. "But I think action needs to be taken."
Smith is currently the wealthiest Black man in the U.S. with an estimated net worth of $5.2 billion according to Forbes' data.
20
Posted on 8/12/20 at 4:56 pm to tduecen
You first, Bob.
Posted on 8/12/20 at 4:56 pm to tduecen
Pretty easy, put your money where your mouth is.
Posted on 8/12/20 at 4:57 pm to tduecen
I thought P-Diddy was the richest. 
Posted on 8/12/20 at 4:57 pm to tduecen
I agree. I think we should do a one time payout and then cut all social programs for anyone that opts to take the money. We would win in the long run and have all of the money back within two years. But, in American fashion we would start all of the social programs back and continue things just like they were before they got the money.
Posted on 8/12/20 at 4:59 pm to BamaScoop
I'd totally be all for that, however, nothing will change in my tax bill. They would just divert those funds into other things. So then not only did I volunteer to pay a on time fee but my tax bill has not gone down in the slightest
Posted on 8/12/20 at 5:00 pm to tduecen
I thought they got reparations in Chicago a couple of days ago.
Posted on 8/12/20 at 5:01 pm to tduecen
Considered, rejected. Next.
Posted on 8/12/20 at 5:01 pm to tduecen
Start a go fund me account and those who want to contribute can and those that don't, won't.
Don't dump another dumb idea on the tax payers.
Don't dump another dumb idea on the tax payers.
Posted on 8/12/20 at 5:03 pm to loogaroo
Sometimes I think the world needs a major disaster. Meteor, volcano etc
Posted on 8/12/20 at 5:05 pm to tduecen
again?
Posted on 8/12/20 at 5:05 pm to tduecen
Got some news for you Bob.
Whatever you give them won't be enough and it won't change a fricking thing.
Whatever you give them won't be enough and it won't change a fricking thing.
Posted on 8/12/20 at 5:05 pm to chity
Go fund me would get rich with all the white guilt
Posted on 8/12/20 at 5:06 pm to tduecen
Reparations have been going on since LBJ.
Posted on 8/12/20 at 5:08 pm to tduecen
I've worked for one of his companies. They pay their people shite. If they find you successful, they find a way to make you unsuccessful (jacking with your quotas) or find a way to get you out of the business. I will never work for any company that's had anything to do with Vista Equity Partners.
Robert Smith got married to a Playboy model (Hope Dworacyzk) while I was working there. I know it was somewhere off the Italian coast. I think he rented out the entire island for a week and had one celebrity after another in attendance.
Yeah, he loves black people.
Robert Smith got married to a Playboy model (Hope Dworacyzk) while I was working there. I know it was somewhere off the Italian coast. I think he rented out the entire island for a week and had one celebrity after another in attendance.
Yeah, he loves black people.
Posted on 8/12/20 at 5:27 pm to tduecen
quote:
saying companies that profited from the historic slave trade should consider paying reparations.
So only companies that have been in business for 155+ years?
Posted on 8/12/20 at 5:42 pm to tduecen
quote:Well, his 5 billion would be a good start. He could probably get by on $200,000,000.
Smith is currently the wealthiest Black man in the U.S. with an estimated net worth of $5.2
Posted on 8/12/20 at 5:49 pm to tduecen
Which companies are around that profited off the historic slave trade?
Posted on 8/12/20 at 6:04 pm to tduecen
quote:
saying companies that profited from the historic slave trade should consider paying reparations.
Like the New West India Company???
Not sure they have the capital to make many payments.
Posted on 8/12/20 at 6:10 pm to tduecen
How bout we deduct the riot damage off the top end of that
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