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Erika Barris

πŸ‘€ Speaker
1329 total appearances

Appearances Over Time

Podcast Appearances

Planet Money
How Black hair care grew Black power

Straight hair and afros, a bank that would give them loans, backing for the civil rights movement, and a banging TV show.

Planet Money
How Black hair care grew Black power

But after going public, the Johnsons had to answer to a board.

Planet Money
How Black hair care grew Black power

But George also ran into another big problem.

Planet Money
How Black hair care grew Black power

Now that they were public, everything about the company was public.

Planet Money
How Black hair care grew Black power

And George says because he knew there was increased scrutiny on them as the only Black-owned company on the stock exchange, he felt extra pressure to get everything absolutely right.

Planet Money
How Black hair care grew Black power

So in all of their official paperwork, the Johnsons broke down exactly how much they were making on each of their products, like where they were getting the best profits.

Planet Money
How Black hair care grew Black power

Why was it not smart?

Planet Money
How Black hair care grew Black power

So you wrote a blueprint for them.

Planet Money
How Black hair care grew Black power

Other bigger companies realized how much money they'd been leaving on the table.

Planet Money
How Black hair care grew Black power

No, the Revlon relaxer did not wipe out Johnson products.

Planet Money
How Black hair care grew Black power

What really did wipe Johnson products out, though, aside from a few sort of typical business missteps, was the final hairstyle of our episode.

Planet Money
How Black hair care grew Black power

The jerry curl.

Planet Money
How Black hair care grew Black power

I'm very familiar, yes.

Planet Money
How Black hair care grew Black power

So everybody was like, I need a Jerry curl.

Planet Money
How Black hair care grew Black power

I need a Jerry curl.

Planet Money
How Black hair care grew Black power

And you didn't have a Jerry curl.

Planet Money
How Black hair care grew Black power

Did it feel like you guys weren't on like at the cutting edge?

Planet Money
How Black hair care grew Black power

There are lots of different things you can blame for the demise of the Johnson Products Company.

Planet Money
How Black hair care grew Black power

The company was starting to feel dated and was losing money.

Planet Money
How Black hair care grew Black power

Also, regulators started requiring relaxer companies to add warning labels because of the potential health risks.