HBJ business humor: The bank of Lee P (cont'd)
The usually staid Houston Business Journal seems to be trying its hand at business humor today:
Popular ex-mayor banks on new career
Newly minted investor Lee Brown wants to expand Unity National Bank's focus in his new role as chairman
Jim GreerLee Brown, the former three-term Houston mayor, has been elected chairman of Unity National Bank six months after becoming an investor in what officials call the city's only African-American-owned bank.
In July, Brown and Houston energy executive Kase Lawal led a small group of investors who took a stake in the local community bank. Coinciding with Brown replacing Limas Jefferson as Unity's chairman, the Lawal-led investment group has assumed majority ownership of the bank.[snip]
"I was kind of surprised to see Lee Brown as head of that investment team and come in to be chairman," says Hugh Barrett, a longtime banking consultant who runs Houston's The Strategic Alliance Group.
Although Barrett doesn't think of the former mayor as a banker first and foremost, the consultant points out that Brown's name means something, especially in the African-American market.
"My background has been in managing organizations," says Brown, who was the national drug czar in the Bill Clinton administration.
[snip]
Meanwhile, Brown's background in law enforcement and city governments could come in handy in the heavily regulated banking industry.
"The things that I've done in the past, whether it's in law enforcement or as mayor, we had to follow regulations, too," he says.
Ah yes, and as the guilty pleas regarding corruption keep coming in from former Brown Administration officials and more damning news continues to be released regarding the HPD crime lab, we can see that Brown ran a tight ship while serving the city of Houston. And then there's the matter of the underfunded municipal employees pension that developed under his watch, which we would (wrongly) think ought to be of concern to those who would put the man in charge of a bank.
And what is with that headline? Popular?
Like I said, the HBJ must be trying its luck with business humor.
PREVIOUSLY: The bank of Lee P.
Posted by Kevin Whited @ 01/16/06 08:37 AM | Houston People | Technorati | Sphere | Comments (3)
Previous Entry | Home | Next Entry
Trackback
Unfortunately, abusive spammers have forced us to disable incoming trackback pings. The Technorati link should list related posts. Feel free to drop us an email if you've linked a post and would like to let us know about it.
ADVERTISING
DISCLAIMER
All content © 2004-08, blogHOUSTON and the respective authors.
blogHOUSTON.net is powered by Nucleus.
Site design and Nucleus customization are by Kevin Whited.