Masters of Scale How to accelerate expertise, with Mellody Hobson, co-CEO of Ariel Investments, chair of Starbucks
Jul 6, 2021
Mellody Hobson, co-CEO of Ariel Investments and chair of Starbucks, discusses her journey in finance and economic justice. She emphasizes the importance of balancing fast and deep learning to thrive in entrepreneurship. Mellody shares how mentorship shaped her path and highlights the power of financial literacy in empowering underprivileged communities. She also addresses racial disparities in the finance industry and introduces initiatives like Aerial Alternatives to support minority businesses, advocating for innovative strategies to bridge the wealth gap.
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Early Business Acumen
- As a teenager, Mellody Hobson worked in a clothing store, progressing from the stockroom to bookkeeping, sales, and finally managing the cash register.
- This experience gave her a comprehensive understanding of business operations.
Princeton or Harvard?
- While deciding between Princeton and Harvard, Mellody Hobson was swayed by a persistent Princeton alum, Richard Missner.
- A breakfast with influential Princeton alumni, including Bill Bradley, solidified her decision.
Mentorship with John Rogers
- Mellody Hobson strategically chose mentors, like John Rogers, who could accelerate her learning.
- She interned at Ariel Investments, sparking her passion for finance.