Home > Companies continue to insult Black consumers
| Companies continue to insult Black consumers |
| WRITTEN BY GEORGE E. CURRY |
| FRIDAY, 28 SEPTEMBER 2012 |
|
For the most part, that’s not happening. When Nielsen lists the top companies advertising with Black media, some familiar names are nowhere to be found. Eight of the top U.S. 10 banks are not on the list of top 10 financial/insurance companies advertising in the Black media. JP Morgan Chase has overtaken Bank of America as the top bank in the U.S., with assets of $2.2 trillion. Don’t shed any tears for second-place Bank of America, which has assets of $2.13 trillion, or CitiGroup with $1.8 trillion. Neither of them is among the top 10 entities advertising with the Black media. But African-Americans hold checking or savings accounts at all three banks. Let’s put them on notice by sending them a copy of this column and my story, which is carried in this week’s NNPA papers and is posted on BlackPressUSA.com. Tell them that by the time the next Nielsen report comes out a year from now if they are not on that list, they will be added to one of our lists, not the one people brag about. If banks can disregard us, we can disregard them by closing our accounts and moving them to a bank that shows its appreciation. If you have accounts at either JP Morgan Chase, Bank of America, CitiBank (CitiGroup), Bank of New York Mellon, PNC Financial Services, State Street Corp., Capital One or SunTrust Banks, put them on notice today that they will lose a valuable customer if they continue along this path. In terms of a national campaign, I suggest first focusing on the three largest banks. Here’s contact information for their top official: Mr. James Dimon Chairman and Chief Executive Officer JP Morgan Chase 270 Park Avenue, 39th Floor New York, NY 10017 Phone: 212-270-1111 Fax: 212-270-1121 Email Address: jamie.dimon@jpmchase.com Mr. Brian T. Moynihan Chief Executive Officer Bank of America Corporation 100 N. Tryon St. Charlotte, N.C. 28255 Phone: 704-386-5681 Email; Brian.T.Moynihan@bankofamerica.com Mr. Vikram Pandit CEO CitiBank 399 Park Avenue New York, N.Y. 10022 Phone 212/793-1201 or 212/559-1000 Email: vikram.pandit@citi.com Let the “banksters” know how you feel about their actions. To add insult to injury, $182.5 billion of our tax dollars went to bail out American International Group—or Notorious AIG., as comedian Bill Maher calls them—but they have not reciprocated with the Black media. AIG, the largest insurance company in the world, is MIA. You can’t turn on the television without seeing one of those horrendous man/ape commercials about GEICO. Yet, GEICO is monkeying around with us by also being absent from the list of top advertisers. African-Americans over index on mobile phones. Verizon is a top advertiser with the Black media but not AT&T, Sprint or T-Mobile. If they haven’t joined the list by next year, we should pull the plug on them. At various times and to varying degrees, Jesse Jackson, Al Sharpton and the NAACP, among others, have had a public grading system for Corporate America. But that measurement has been abandoned. It’s time to reinstate it. Instead of competing with one another, this is an excellent opportunity to prove that our civil rights organizations have what they call “operational unity” and join together to produce an annual Economic Report Card. Given its ties to Corporate America, perhaps Marc Morial and the National Urban League can take the lead on this. It’s time for leaders to lead. As Jackson said at the press conference releasing the Nielsen report on Black buying power, perhaps we should stop boasting about our spending power and closely examine what companies spend with us. And based on those findings, we should do what the lady who reads the church announcements each Sunday admonishes—govern ourselves accordingly. (George E. Curry, former editor-in-chief of Emerge magazine, is editor-in-chief of the NNPA and editorial director of Heart & Soul magazine. He is a keynote speaker, moderator, and media coach. Curry can be reached through his Web site, www.georgecurry.com. You can also follow him at www.twitter.com/currygeorge.) |
Penguins Agree to Terms with Evgeni Malkin on Eight-Year $76 Million Contract Extension
Penguins Agree to Terms with Evgeni Malkin on Eight-Year $76...
NEED’s nationwide search for new leader ends MARCIA M. STURDIVANT, Ph.D. to take the reins as President and CEO
NEED’s nationwide search for new leader ends...
Supreme Court Strikes Down Arizona Voter Registration Citizenship Requirement
Supreme Court Strikes Down Arizona Voter Registration Citizenship...
Turnovers kill bid for 7th title -PACKERS 31, STEELERS 25
Turnovers kill bid for 7th title - PACKERS 31, STEELERS 25...


(NNPA)—When I was in the process of reading and writing about Nielsen and the NNPA’s report on African-American buying power for this week’s Black newspapers, I was reminded of how many top companies continue to take advantage of Black consumers while providing little, if anything, in return.
















