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In a one-on-one interview with DailyFinance, Paul Mitchell CEO John Paul DeJoria discusses the hair-care industry, his philanthropy efforts and why the company won't go public. "If Paul Mitchell went open market, I'd double my business overnight. But I always said that if we were lucky enough to make it, we'll be the only ones that never sold you out."

My office is around the corner from a branch of the Academy of Art in San Francisco. Every day, I see "creatively" dressed youngsters dragging massive black portfolios to and from class. Sometimes they do photo shoots on my street, doing closeups of eggs splattered on the pavement or scantily-clad...