Diddy Announces Plans to Open Business School

Sean "Diddy" Combs made an appearance on Anderson Cooper's CNN show, 'AC 360,' last night (Feb. 1) where he had an open discussion with guest host Wolf Blitzer about his image in the media. As the two discussed Diddy's fast-paced life, the media mogul explained to Wolf that he was in the process of ditching his bad boy reputation in favor of being a savvy businessman, who could serve as a role model for his public. "I want to take on more responsibility," Combs said "I'm still honestly in search of how I can have the most positive effect that I can have."

Part of the effort to rebuild and maintain his new image includes plans to establish a new business school for up-and-coming entrepreneurs. Combs said that the school would be based in New York, and most likely in the Harlem area. "It's more than just about business," Combs said. "There's more that I'm supposed to do, there's more that I'm gonna do. I want to have an academy that's known for building leaders. I feel that's one of the things I can have an impact on."

Combs' focus on being a positive role model stems from his own brushes with trouble, including the high-profile 1999 club shooting which landed former Bad Boy Artist, Shyne in prison for eight years. Since then Diddy has managed to stay out of trouble, expanding his lucrative empire to include two reality TV shows, films, and even a vodka brand.