Business

Earvin “Magic” Johnson to Headline Bahamas Business Education and Development Seminar

NASSAU, Bahamas – Under this year’s theme – “Business Unusual: Creativity and Innovation” – The Bahamas Chamber of Commerce and The US Embassy are proud to present the 6th Annual Business Education and Development Seminar Wednesday, May 5th 2010 at the British Colonial Hilton Hotel beginning at 8:30am. Headlining this year’s event is NBA legend and successful businessman Earvin “Magic” Johnson, recording and marketing executive Steve Stoute and economist Mike Bryan of the Federal Reserve Bank.

Earvin “Magic” Johnson is leading the #1 brand in Urban America as the Chairman and CEO of Magic Johnson Enterprises. His empire includes 100 Starbucks, 13 24-Hour Fitness Sports Clubs, Canyon-Johnson, a billion dollar real estate fund, Yucaipa Johnson, a $500 million dollar private equite fund, MAGIC Workforce Solutions, a staffing company and SodexoMAGIC, a food and facilities management company. He also has strategic alliances with Best Buy and Aetna.

Mr. Johnson credits his success to having a concrete business plan that he feels passionately about and an ability to help partners see the potential in ethnically diverse, urban communities. He is also Chairman and Founder of the Magic Johnson Foundation. Mr. Johnson will share some of the secrets to his success in business during this exciting one-day conference.

Steve Stoute is considered an advertising genius and is one of the top-ranked black executives in the music business. He has ushered a number of talented artists to stardom. In 1990 Stoute was a manager for bands and quickly moved up in the music industry becoming involved with TrackMasters – a production team that helped craft hits for Will Smith, LL Cool J, Mary J. Blige, and Mariah Carey.

Additionally, he has used his marketing and music expertise to consult on brand-imaging for major Fortune 500 companies. His company Translation LLC has matched pop-star spokespersons with corporations that want to promote their brands. Stoute has paired Gwen Stefani with Hewlett-Packard, Justin Timberlake with McDonald’s, Beyoncé Knowles with Tommy Hilfiger, and Jay-Z with Reebok.

As the world struggles to understand how the financial crisis of 2008 evolved into the worst recession since the Great Depression, Federal Reserve Bank monetary policy expert Mike Bryan will discuss how thia phenomenon started, why it has had such a tremendous impact on the United States and the world and when and how it is expected to end. Mr. Bryan will explain the financial crisis in an easily understandable way.

Other featured speakers and presenters include the Minister of State for Finance, the Hon. Zhivargo Laing; Minister of Tourism and Aviation, Sen. The Hon. Vincent Vanderpool-Wallace; and Jackson Burnside III. Topics include: Government Incentives for Business Development; Business opportunities in Culture and Tourism; Marketing your Business in this Current Economic Climate; The Cause and Effects of the Global Financial Crisis, and more.

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