Dr. Benjamin Chavis Completes Takeover of H3 Enterprises

I'm looking at the news regarding Dr. Benjamin Chavis' takeover of H3 Enterprises and all I can think about is the fact that we may never really know the good stuff.  I'm not saying that includes anything bad, only that there must be some fascinating behind the scenes tales to [not] be told.

Dr. Benjamin Chavis recently became CEO of H3 Enterprises in a deal that included his management firm:
Dr. Chavis comes to the leadership of H3 Enterprises, Inc., as part of an executive management services contract between H3 Enterprises, Inc. and CEF Management, LLC (CEF), a New York City based management firm, in which Dr. Chavis is a principal, along with New York attorney and developer Joseph Fleming, and entrepreneur and restauranteur Leon Ellis. One of CEF's major roles will be the future development and international roll out of HipHopSodaShops.

Dr. Chavis has since been voted President of H3 in a move further entwining CEF and H3:
Dr. Ben has also announced that H3's Corporate Offices have been moved to 116 John Street. All corporate and administrative activities will now flow through the Company's Wall Street area offices per H3's new contract with the CEF Executive Management Services Team, lead by Dr. Ben, which has become the cornerstone of Team H3's management and operational support structure.

Cofounder and former President Brian Peters plans to be CEO and President of the H3 Foundation which will do charitable stuff.

Wow.  Chavis is also getting nice uptake from the mainstream media for his socially conscious theme of "Empowerment through Investment".  In an article titled "HipHopSodaShop to serve as youth business school", Paul Swider of the St. Petersburg Times reports:

H3 hired Chavis and his firm, CEF Management, as the company's board gets serious about its novel business model. Pitching itself as the first publicly traded hip-hop company, H3 is planning to use HipHopSodaShop as a vehicle to promote sound business, teach investment to hip-hop youth and incorporate social responsibility into what Chavis describes as a unique business concept.

"This is a model development," said Chavis. "We hope the rest of corporate America will look at this."

..."For the last three years, Russell and I have been talking about teaching financial literacy to young people," Chavis said. "This is the perfect teaching tool. We're going to put it into practice."

Details to follow.  Investigative reporters encouraged to dig in.  There's a great story here for somebody with the resources to get past the pr shield.

Official Site:
H3 Enterprises

Comments

[DENNY FALER]

I THINK THIS IS A GREAT IDEA, GO H3 ENTERPISES

[Clyde Smith]

H3 has a great deal of potential, that's for sure.