| (1874
- 1952) |
| Inducted: |
1980 |
| Region: |
MidAtlantic |
| Industry: |
Finance
Insurance |
|
Charles C. Spaulding spent 53 years building North Carolina Mutual Life Insurance Co. from a one-man shop to the largest company in its field. For him, North Carolina Mutual was not just a successful business but a proving ground for talented young blacks. As Spaulding hired increasing numbers of bright college graduates, a black intellectual community flourished in Durham. He sent his second cousin Asa to college to become the nation’s first black actuary. The company expanded to include a bank, a fire-insurance company, a bonding company, and a building and loan association. |
