The Black CEO That Wall Street Didn't See Coming: The Johnson Products Story In 1954, George and Joan Johnson lied to a Chicago bank to get a $250 loan. Three days after being denied, George told a different branch the money was for a family vacation to California. The bank approved it. With that $250—plus $4 of their own money—they founded Johnson Products Company and created Ultra Sheen, a hair relaxer that would revolutionize the Black beauty industry. By 1960, they controlled 80% of the Blac
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