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The Power of Possibility: Stories of Struggle and Success with Mellody Hobson

As the President and Co-CEO of Ariel Investments, Chair of the Board at Starbucks, Director of JP Morgan Chase, Chairman of After School Matters, and Co-Founder of Ariel Alternatives, to say that Mellody Hobson has a lot on her plate is quite the understatement. She came by her love of investing early and honestly, and focused her career on furthering financial literacy, advancing educational opportunities in underserved communities, and increasing diversity in business and investing. Mellody has worked with industry titans from Howard Schultz to Jamie Diman and is not shy about sharing the many lessons she has learned from them. Listen in as Mellody reveals what qualities make for the right board member, her strategy for ensuring diversity in any company, her approach to rebuilding stability and trust after underperformance, and her humble perspective on serving others.

Chapters

0:00 Intro

0:30 Episode Overview

1:28 Welcome and Ariel Introduction

2:34 The Origin of Mellody’s Love for Financial Literacy and Investing

4:19 How Mellody Stays Motivated After 31 Years at the Same Company

6:34 Breaking Down “What to Do Next”

9:05 On Stabilizing Assets and Trust After the 2008 Great Financial Crisis

12:27 Ariel’s Data-Driven Commitment to Diversity

15:39 Advice for Others on Introducing and Maintaining Firm Diversity

20:48 Unveiling Project Black

26:26 Qualities of a Good Board Member

29:02 Lessons Learned from Industry Titans

36:12 The Best Thing About Being Chair of Starbucks

36:59 Mellody’s Passion Program: After School Matters

38:50 Lightning Round Q&A

Disclosures

This information was prepared by Fund Evaluation Group, LLC (FEG), a federally registered investment adviser under the Investment Advisers Act of 1940, as amended, providing non-discretionary and discretionary investment advice to its clients on an individual basis. Registration as an investment adviser does not imply a certain level of skill or training. The oral and written communications of an adviser provide you with information about which you determine to hire or retain an adviser. Fund Evaluation Group, LLC, Form ADV Part 2A & 2B can be obtained by written request directed to: Fund Evaluation Group, LLC, 201 East Fifth Street, Suite 1600, Cincinnati, OH 45202 Attention: Compliance Department.

This information is prepared for informational purposes only. It does not address specific investment objectives, or the financial situation and the particular needs of any person who may receive this presentation. Neither the information nor any opinion expressed in this report constitutes an offer, or an invitation to make an offer, to buy or sell any securities.

The information herein was obtained from various sources. FEG does not guarantee the accuracy or completeness of such information provided by third parties. The information in this presentation is given as of the date indicated and believed to be reliable. FEG assumes no obligation to update this information, or to advise on further developments relating to it.