Steven S. Rogers - A Letter to My White Friends and Colleagues

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Learn how to address racial wealth disparity in the United States today From the life, professional experiences, and research of former Harvard Business School professor Steven Rogers, comes his boldly stated,
. This informative epistle investigates the causes of racial wealth disparity in the United States and provides solutions for addressing it. Through extensive data and historical research, anecdotes, teaching, and case studies, it presents practical ways White people can work with and help the Black community. It teaches readers that eliminating the $153,000 wealth gap between Black and White people is the solution to over 75% of our problems and offers solutions to help improve Black-White racial relations in the United States.
In straightforward language, filled with facts, stories, advice, and sometimes even humor,
encourages every White person to share his/her wealth with the Black community—plain and simple. This book recommends that you spend a portion of your annual household budget with Black-owned companies. If more money is spent at Black-owned businesses, those companies can grow and create more jobs for Black people. Rogers also proposes White people make large savings deposits into Black-owned banks. These are the financial institutions that are the backbone of the Black community that provide loans to the Black community for businesses, education, automobiles, and home mortgages.
And finally, he resolutely encourages White people to support government reparations to Black Americans who are descendants of Black men and women, who were enslaved from 1619 to 1865. Those who read the book will:
Understand the root causes of racial disparities in America Discover how you can personally contribute to reducing the inequality between Black and White people in the United States today Get concrete recommendations on how to redirect your spending to Black-owned institutions to help decrease the racial wealth gap This groundbreaking book provides financial recommendations that you can put into practice today, using his helpful instructions in most of the chapters, to address the systemic inequality between White and Black Americans. Read
and be part of the path forward.

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Table of Contents

1 Cover

2 Title Page A LETTER TO MY WHITE FRIENDS AND COLLEAGUES WHAT YOU CAN DO RIGHT NOW TO HELP THE BLACK COMMUNITY STEVEN S. ROGERS HARVARD BUSINESS SCHOOL, RETIRED

3 Copyright

4 Preface: Social Unrest, Protests, and the Podcasts Notes

5 Introduction Notes

6 CHAPTER ONE: Why Should You Trust My Advice? Who Am I? The Anatomy of Race Men and Race Women The Makings of a Race Man A Race Man in Business The Importance of Being a Philanthropist Paying It Forward Notes

7 CHAPTER TWO: How the Wealth Gap Was Created The Roots of Black American Poverty The End of Bondage Black Codes Home Ownership and Wealth Creation Home Owners' Loan Corporation (HOLC) Keeping Suburbs White Notes

8 CHAPTER THREE: Donate to HBCUs HBCUs Financial Need Notes

9 CHAPTER FOUR: Deposit Money into Black-Owned Banks Black-Owned Banks versus White-Owned Banks Mortgages Financial Apartheid Banking Black Notes

10 CHAPTER FIVE: Support Black-Owned Businesses The Importance of Black-Owned Businesses Race in Business More Than Employers Black in Print A Brief History of Black Entrepreneurship in the United States How to Find Black-Owned Businesses: Become a Customer Notes

11 CHAPTER SIX: Write a Letter Supporting Reparations Reparations History The U.S. Precedent of Paying Out Reparations HEAD: Making Reparations Work Notes

12 Epilogue Notes

13 Discussion Questions

14 Acknowledgments

15 About the Author

16 Index

17 End User License Agreement

List of Tables

1 Chapter 3Table 3.1 Prominent HBCU alumniTable 3.2 HBCUs by state.

2 Chapter 4Table 4.1 Black-owned banks, state-by-state breakdown

3 Chapter 5Table 5.1 Black employment practices

List of Illustrations

1 Chapter 3Figure 3.1 Summary, HBCU Tour.Figure 3.2 Percentage of undergraduates receiving a federal loan.Figure 3.3 Median cumulative amount of federal loans borrowed by bachelor's degree recipients.Figure 3.4 Distribution of cumulative federal loan debt for bachelor's degree recipients.

Guide

1 Cover

2 Table of Contents

3 Begin Reading

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A LETTER TO MY WHITE FRIENDS AND COLLEAGUES

WHAT YOU CAN DO RIGHT NOW TO HELP THE BLACK COMMUNITY

STEVEN S. ROGERS

HARVARD BUSINESS SCHOOL, RETIRED

A Letter to My White Friends and Colleagues - изображение 1

Copyright © 2021 by Steven S. Rogers, Inc. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey.

Published simultaneously in Canada.

No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 646-8600, or on the Web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at http://www.wiley.com/go/permissions.

Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.

For general information on our other products and services or for technical support, please contact our Customer Care Department within the United States at (800) 762-2974, outside the United States at (317) 572-3993 or fax (317) 572-4002.

Wiley publishes in a variety of print and electronic formats and by print-on-demand. Some material included with standard print versions of this book may not be included in e-books or in print-on-demand. If this book refers to media such as a CD or DVD that is not included in the version you purchased, you may download this material at http://booksupport.wiley.com. For more information about Wiley products, visit www.wiley.com.

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