Obituary: Joan B. Johnson helped build a company viewed as a model of economic success for African-Americans
After founding a company to make hair-straightening potions for blacks, George E. Johnson soon turned to his wife, Joan B. Johnson, for help. She kept the books, handled hiring and scheduled production of the original product, Ultra Wave.
Johnson Products Co. became the biggest supplier of hair-care products for the African-American market and, in 1971, the first black-owned company listed on the American Stock Exchange. The Johnsons moved to a luxury home in the Chicago suburb of Glencoe, with a pool and tennis court, and...
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