Earl G. Graves Jr.

Last updated
Earl Gilbert Graves, Jr.
Born
Earl Gilbert Graves, Jr.

(1962-01-05)January 5, 1962 (age 61)
Brooklyn, New York, U.S.
Occupation(s)Businessman, philanthropist, and basketball player
Parent(s)Barbara Graves and Earl G. Graves Sr.

Earl Gilbert "Butch" Graves Jr. (born January 5, 1962) is an American businessman and retired basketball player. Born in Brooklyn, New York, he is a Scarsdale High School graduate.

Contents

Background

Graves, the son of Barbara Graves, and Black Enterprise founder Earl G. Graves Sr., attended Yale University and earned an MBA from Harvard University. While at Yale he was a member of Skull and Bones [1] and captained the college basketball team. He currently is the all-time leading scorer in Yale men's basketball history and third all-time in Ivy League. He was drafted into the NBA by the Philadelphia 76ers and later played briefly for the Cleveland Cavaliers (1984–85). He was also drafted by the Dallas Cowboys.

Graves has worked for Morgan Stanley, as president and CEO of Earl G. Graves Publishing Company, publisher of Black Enterprise magazine, and director of Autozone, Inc.

In 1995, Graves was detained and searched by two New York Metro-North Police looking for a suspect who did not resemble Graves in any way except race. The police department publicly apologized and Metro-North Railroad purchased ads featuring a printed apology in three New York newspapers, including The New York Times . [2]

On July 22, 2009, Graves stated to the media that "there's nothing post-racial about U.S.", [3] as he responded to the arrest of Harvard professor Henry Louis Gates. In February 2021, Graves said that the biggest challenge for African-American entrepreneurs is scale, and that 96 percent of Black-owned businesses are sole-proprietorships. [4] "We need to take our respective resources [among multiple founders and investors] and work together to build companies that can attract major customers. Microbusinesses can’t do that on their own." [4]

Notes

  1. ↑ Berner, Robert (November 22, 2004). "The Next Warren Buffett?". BusinessWeek.com. Archived from the original on November 13, 2004. Retrieved April 14, 2007.
  2. ↑ "Earl Graves Jr. receives apologies from NY Police, railroad after being detained". Jet . Vol. 88, no. 4. June 5, 1995. p. 35.
  3. ↑ Washington, Jesse (July 22, 2009). "Scholar's arrest is a signpost on road to equality". NBC News.
  4. 1 2 Chase, JPMorgan (February 1, 2021). "A 50th anniversary conversation with Earl "Butch" Graves Jr. of Black Enterprise". BizJournals. Archived from the original on 2021-02-15. Retrieved May 11, 2021.

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