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Happy Monday:

Congratulations to our Fort Worth Chapter on their successful fundraiser luncheon last week. This event began 2 years ago with 50 attendees and last week, it graduated to the ballroom of the City Club with over 200 in attendance. Huge thanks to our speakers and sponsors for making this a memorable event. We will have photos and a video on the website soon!

To begin, an FT article detailed the extreme lack of diversity in hedge funds with only 4.3% of companies having at least 25% female ownership and funds led by women running less than 1% of industry assets in spite of dramatic outperformance. To quote: “Only 439 hedge funds employ a female portfolio manager, compared with 9,081 that employ a male in the same position.” Happily, larger hedge fund managers led by Man Group and DE Shaw are leading the way towards remedying the problem. The full article can be found here.

At this Fall’s Dealbook conference, Mellody Hobson, president of $12.5 billion asset manager Ariel Capital asked other asset managers who would be the one to ‘take a knee’ for corporate diversity. So, what would that look like? Ms. Hobson noted that it would include “putting a stake in numbers; establishing benchmarks and making people accountable with incentives or penalties.” Laurence Fink, Chairman and CEO of Blackrock added that “we have to force behaviors.” The full article can be found here.

Forbes released its annual list of the 100 most powerful women in the world and Business Insider profiled the top nine. The Business Insider list may be found here.

Kudos to Austin-based technology incubator Capital Factory on their ingenious idea to promote diversity at start-ups. The firm is offering $100,000 in the form of a funding challenge, but to be considered, applicants must have at least one woman or person of color on the executive team. The full article can be found here.

Assets focused in gender lens investing have surged from just $100 million in 2014 to over $2.2 billion today. These strategies focus on improving the lives of women, closing the gender pay gap and adding women to boards and company management. The full article can be found here.

It seems this is money well-invested. According to a Citigroup study, addressing the factors excluding women from the workforce, including unpaid care work, gender discrimination and violence, would boost OECD growth by a whopping 6-20%. The full article can be found here.

Thank you for making time for reading our blog this week and for your support year round. We wish you and yours all the best for a happy and healthy Thanksgiving.

We have some terrific events lined up for you the last two months of the year and we look forward to seeing you all at an event in 2017! To learn more about our 2017 and 2018 events, please visit www.txwsw.com.

Kind regards

Christine

Happy Tuesday:

With all the upsetting news in the press lately, we will begin with the good news file today. According to the Wall Street Journal, half of all new S&P500 directors added in 2017 were women and minorities. The full article can be found here. The impetus behind this progress is most likely attributable to the fact that diversity is becoming more important to asset owners. A Pensions & Investments article notes that asset owners are taking broad steps to address the issue. The full article may be found here.

With sexual harassment scandals spreading across industries, employers are taking proactive steps to make the workplace safer and more welcoming for women. These initiatives mark the most rapid changes in corporate behavior in generations. The full article can be found here.

In terms of sexual harassment, unless you have thousands or millions of twitter followers, what is the best way to address your personal situation? The New York Times published a great piece with step by step advice on how to proceed. The full article can be found here.

With all this poor (and criminal behavior) coming to light, the question is, why is this so prevalent and why have some men felt that abusing women was their prerogative? The next article explores the phenomenon that we learn misogyny growing up as children. Countless studies have shown that men do not partake equally in helping around the home and children notice. Even working moms with a husband at home carry 65% of the child rearing responsibilities. To quote from the article “ideals are no substitute for behavior. What are kids to make of their father sitting on his phone reading Facebook while their mother scrambles to prepare them for the day? It’s not hard to predict which parent’s personhood those offspring will conclude is more valuable. Children are gender detectives, distinguishing between the sexes from as early as 18 months and using that information to guide their behavior, for example by choosing strongly stereotyped toys. And family research shows that men’s attitudes about marital roles, not women’s, are ultimately internalized by both their daughters and their sons. This finding is a testament to kids’ ability to identify implicit power, to parse whose beliefs are more important and therefore worth adopting as their own.” The full article can be found here.

In honor of Veterans’ Day last week, Code Girls – The Untold Story of the American Women Code Breakers of World War II was released. These brilliant women were the unsung heroes of WWII and author Liza Mundy’s OpEd notes how women can help fix what is broken in the tech world today. It seems genius is not only a male trait.The article makes for interesting reading and can be found here.

And finally, the next article addresses the question of what it really takes to succeed in life and how can we prepare ourselves and our children to thrive and prosper. It seems it all comes down to resilience. Numerous studies have shown that the concept of bouncing back is too simplistic, rather resilience is a muscle we develop over time that allows us to adapt well to stressors. And it seems practice really does make perfect. The full article can be found here.

We have some terrific events lined up for you the last two months of the year and we look forward to seeing you all at an event in 2017! To learn more about our 2017 and 2018 events, please visit www.txwsw.com Kind regards

Christine

Happy Tuesday:

For our Houston members, please don’t forget that we have our rescheduled shopping night at Elaine Turner this Wednesday. Cannot make it to Houston? Call the Elaine Turner shop at 713-255-0052 to place an order and 15% of all proceeds go to support the Young Women’s Preparatory Network if you mention TXWSW. Get a head start on your holiday shopping and benefit a great cause at the same time!

The question of the week is will the Harvey Weinstein scandal reform men’s behavior? The answer is we can hope so, but a recent article reminds us that harassment has more to do with power and money than sex. It notes that lasting change needs to come from men. The full article can be found here.

A recent Bloomberg article explores the reason HR departments have been largely ineffectual when it comes to dealing with sexual harassment. It seems that most HR departments are staffed by women and they are reporting up to (by and large) men who turn a deaf ear to the problem. Well until the problem makes its way to the front page of the newspaper anyway… The full article can be found here.

Adam Bryant of the NY Times has interviewed 525 CEOs during his decade of writing the Corner Office column. The next article takes all their best advice on leadership, culture, hiring and what it takes to get to the top. The article is a worthwhile read and can be found here.

Finally, since we are nearing bonus season, the last article, from Forbes, shares useful negotiating tips that can help with salary negotiations. The full article can be found here.

We have some terrific events lined up for you the last two months of the year and we look forward to seeing you all at an event in 2017! To learn more about our 2017 and 2018 events, please visit www.txwsw.com

Kind regards

Christine

Happy Monday:

The press continues to be filled with sexual harassment and discrimination scandals coming out of the woodwork. The#me too hashtag has unleashed a tsunami of stories and everyone from celebrity chef John Besh to Fidelity is getting caught up. Of course, it is no secret that this despicable behavior has been going on for years, and it seems our legal system has had a large hand in protecting serial harassers. In fact, it will take an act of Congress to end the confidentiality agreements that ensure secrecy around the proceedings, and this is important because transparency is, more often than not,  needed to compel employers to put an end to cultures that foster harassment in the first place. The full article can be found here.

As with any problem, the thing to watch is always the response. Abigail Johnson, CEO of Fidelity came out quickly and decisively noting that the firm had zero tolerance for harassment and all claims would be investigated. Contrast this with Fox News that knew of Bill O’Reilly’s $32 million settlement with a fellow employee and the network renewed his contract anyway. Dear readers, I would ask each of you to vote with your purse. It really is time to stop turning a blind eye to this rotten behavior. I hope in my lifetime we get to a world where this behavior is the exception rather than the norm, but for it to change, there must be consequences. Most men out there are as horrified as women are at this behavior, and CNN published an opinion piece that answers the question, what can decent men do in response to #me too? The full article can be found here. Please take a moment to share this with the men in your life.

Real estate is another male-dominated industry with women leading just 6% of all funds. NYU’s Schack Institute hosted the first National Women in RE Symposium recently and the action steps needed to create more diversity in the industry can be found here.

And of course, with progress comes those who would like to try to figure out a way around it – it seems the tech industry is trying to sell us the “cognitive diversity” bill of goods. Their thinking goes something like this: “There can be 12 white, blue-eyed, blond men in a room and they’re going to be diverse, too, because they’re going to bring a different life experience and life perspective to the conversation.” That is not to say that cognitive and viewpoint diversity are not important, but “the effort to hire people with different points of view must not come at the expense of hiring members of actual underrepresented communities who add tangible, bottom-line value — and who deserve to work in tech as much as anyone.” The full article can be found here.

Finally, a recent Pew Research study noted that 96% of survey respondents said that gender equality is important, but there was a large schism on the question of how much has been achieved. Fifty percent said the country had not gone far enough in giving women equal rights, forty percent say it’s been about right and ten percent say we have gone too far. Interestingly more than two thirds of Democrats say the country needs to do more for women while only a quarter of Republicans believe this to be the case. The full article can be found here.

We have some terrific events lined up for you this Fall and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com

Kind regards

Christine

Happy Wednesday:

If women make up 51% of the population, how is it that we can allow ourselves, as a group to be subjected to discrimination? We are in the majority after all, so how is this even possible? As one of my mentors shared with me, because women come in all shapes, sizes, colors, religions etc. etc., it is easy to see ourselves as separate and therefore separate ourselves from one another. The result is an example of divide and conquer and allowing ourselves to be divided means we are giving up our power. To bring us one step closer together, our first article debunks dated ideas about race, and if we can take this in, hopefully this is a first step to seeing each other as the same and less ‘other.’ For literally centuries, skin color has always been a defining characteristic of race and even social status. A new study based on genetics shows this thinking to be a profound error. It turns out we all share the same genes but four narrow regions of the human genome influence pigment. The article makes for fascinating reading and can be found here.

Speaking of sameness and shared experience, according to an article from Harvard Health Publishing, gender bias in our medical system can have serious and fatal implications. It turns out that 80% of pain studies are performed with all male subjects so doctors don’t have a good understanding of pain as experienced by women. When you consider that 70% of chronic pain sufferers are women, that is rather alarming. Women are also more likely to receive prescriptions for sedatives to manage pain rather than actual pain medication. Sounds like it is time to start lobbying for more balanced testing. The full article can be found here.

The other battle we all need to stand together to fight is the one against sexual harassment. As I am sure you are aware, there has finally been a flood of women sharing their Harvey Weinstein experiences but it took that flood to lend credibility to their claims. Case in point was Courtney Love – all the way back in 2005, she warned young actresses about attending Weinstein’s private parties. She wasn’t the only one, and was quoted as being afraid to be sued for libel for speaking out. For being attacked. Another illustrative case in point is Anita Hill who risked her career and reputation to testify against Clarence Thomas who is today a Supreme Court Justice. Records show that senators kept another woman from testifying, so it was he said/she said and in these cases, as a society, we seem to side with the men. The next article, Do We Believe Women Yet? The Battle to End Sexual Harassment is an eye opening read and can be found here.

And of course the backlash to all this is to avoid one on one meetings with women. Huge dramatic eyeroll here. Research has shown that building genuine relationships with senior professionals is necessary for success, but if women are shut out because a) we are all either Mata Hari’s trying to seduce men or 2) men have trouble controlling themselves, it all seems a little ridiculous to me. But never fear, there is a solution at hand!

From Business Insider, Ann Victoria Clark has come up with “The Rock” test for men who don’t wish to be accused of sexual harassment. Filled with practical advice that is easy to apply – the bottom line is to treat women as people and we will be all good. This article is a must read and must share and can be found here.

Finally, on a serious note, a Fortune interview with Sheryl Sanberg noted that “the first step to achieving parity is realizing how much work remains to be done. The report finds that while workplace equality seems to be slowing or even stalling, nearly 50% of men and one-third of women don’t find the fact that only 10% of senior executives are women at all troubling—in fact, they think it’s sufficient.” These statistics are exactly the reason women need to stop seeing women as ‘other.’ The full interview can be found here.

AlphaWeek was launched in October 2017 to help fund managers of all strategies with their awareness and capital raising campaigns, whilst maintaining the highest standards of editorial integrity. Each week, AlphaWeek profiles investment fund portfolio managers as well as providing content on topical developments within the funds industry to help educate its readers. AlphaWeek has kindly featured TXWSW in their first issue. The link can be found here.

We have some terrific events lined up for you this Fall and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com.

Kind regards

Christine

Happy Tuesday:

From the career advice file, a recent article from the Wall Street Journal is one of the most worthwhile reads this week. The article examines the effect of cell phone usage on our intellect. While there is no doubt that cell phones have made our lives more convenient and productive, there is a price to be paid for the device’s grip on our attention. The full article can be found here.

The Wall Street Journal also profiled VC Kirsten Green. Green was the first backer of Warby Parker and Dollar Shave Club, and she has become one of the most prominent players in venture capital. The full article can be foundhere.

On the hedge fund front, long-time Millennium portfolio manager, Sara Nainzahdeh is forming her own fund, Centenus Global. Centenus is set to launch late this year. The full article can be found here.

The next two articles tackle the notion that racism is not easy to prove. In the first study, a team of economists found pervasive evidence that local government officials across the United States are less responsive to African Americans than they are to whites. These economists sent 20,000 emails with simple questions such as “what are your hours?” to local government employees in almost every US county. To quote: “most inquiries yielded a timely and polite response. But emails with black-sounding names were 13 percent more likely to go unanswered than those with white-sounding names. This difference, which appeared in all regions of the country, was large enough that it was statistically unlikely to have been a matter of mere chance.” The article makes for eye-opening reading and can be found here.

And on the hiring front, researchers from Northwestern University, Harvard and 2 European research institutes analyzed hiring data from studies from 1989 to 2015. The study found that whites were one third more likely to receive invitations for interviews than African-Americans, a statistic that has not changed in 25 years. The full article can be found here.

From the gender discrimination file, the press was full of Harvey Weinstein’s decades of sexual harassment. It seems that this was a poorly kept secret in Hollywood for years. The NY Times author who broke the story first tried to publish it back in 2004, but the paper was afraid of being sued because at that point so few women had come forward,  shades of Anita Hill, a he said/she said against one of Hollywood’s power brokers was not a battle the paper felt they could fight. The power of the internet makes it easier for all those affected to come forward. The full article can be found here.

Finally, our hearts go out to the victims and families of the Las Vegas massacre last week. In an Op Ed in the Journal, Peggy Noonan asks the question why do Americans have so many guns? According to Noonan it has to do with the growing chasm caused by income inequality and the breakdown of our cultural infrastructure. She notes that people living less privileged lives are fearful for their futures. The full article can be found here.

Our Houston chapter is hosting its annual Boots & Blackjack event this Wednesday, October 11th and I look forward to seeing many of you there! Given the devastation Harvey has wrought on Houston, we have updated the use of proceeds raised at the event to include disaster relief for the students and staff of the Young Women’s College Preparatory Academy of Houston. I want to thank our raffle, silent auction and wine pull sponsors: MM LaFleur, Maid in the Shade, Pure Barre, JuiceLand, Soul Cycle, Elaine Turner, Motherhood Center, Discover Gymnastics, Kendra Scott, Equinox, Saint Street Swim, Total Wine, Main Street Theater, Amy’s Ice Cream, Alley Theater, Sprinkles Cupcakes, Nothing Bundt Cakes and the Houston Wine Merchant. To learn more about the Young Women’s Preparatory Network and the amazing life changing work they are doing, please take a moment to watch this video.

We have some terrific events lined up for you this Fall and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com Please also scroll to the end of this newsletter to check out some interesting jobs from our network.

If you live in DFW, catch TXWSW on 5 Talk Street NBC 5 – Saturday, 10/14/17 at 5:00 p.m. and Cozi TV – Sunday, 10/22/17 at 5:00 p.m.

Kind regards

Christine

Happy Monday:

From the almost too ridiculous to be believed file, a NY Times article details a backlash growing against the movement to include more women in tech. Just to put this in perspective, women hold only 25% of computing jobs, 11% of executive position in Silicon Valley, own 5% of technology startups and 7% of partnerships in VC firms. In spite of this vast male dominance, there is a growing chorus of men saying that women are ruining the tech world, and that efforts to improve diversity in the industry represent “a cabal whose goal was to subjugate men.” I mean really, can you make this stuff up?

To quote from the article “One radical fringe that is growing is Mgtow, which stands for Men Going Their Own Way and pronounced MIG-tow. Mgtow aims for total male separatism, including forgoing children, avoiding marriage and limiting involvement with women. Its message boards are brimming with activity from Silicon Valley.” Instead of hiding on message boards, what I think what each of these men need to do is sit down with their mothers, sisters, aunts, cousins, and daughters and tell them to their face that in the work world, they cannot expect a level playing field. That if they have the temerity to want to work in a highly paid field, they can expect harassment, bullying, abuse, sexual assault or worse. Then we will be having a conversation IRL. The full article can be found here.

I do recognize that there has been a major shift in how women are encouraged to move through the world. A recent Washington Post article notes that women have been encouraged to act “not as men, but like them: Self-reliant, ambitious, assertive. With aspirations beyond the family and the home. We saw lots of images of empowered women but few images of men partnering with them in positive relationships.” For women’s roles to change, we must change the traditional equation of women’s submission in exchange for protection and economic security which places that role solely on the man. And we can have a new more equal equation “once we free men from the burden of believing their value in a relationship is financial rather than emotional.’ The full article can be found here.

As many of you are aware, TXWSW is a strong supporter of college preparatory education for economically disadvantaged girls across the state. The importance of our mission is spelled out in a recent NY Times Op Ed that notes that TX is coming into a season of discontent based on less than thoughtful policies including inadequate education funding. The result is that TX is losing business to higher tax states with policies designed to be more beneficial in the long term. The full article can be found here.

To learn more about the Young Women’s Preparatory Network and the amazing life changing work they are doing, please take a moment to watch this video.

Our Houston chapter is hosting its annual Boots & Blackjack event on Wednesday, October 11th. Given the devastation Harvey has wrought on Houston, we have updated the use of proceeds raised at the event to include disaster relief for the students and staff of the Young Women’s College Preparatory Academy of Houston. I want to thank our raffle, silent auction and wine pull sponsors: MM LaFleur, Maid in the Shade, Pure Barre, JuiceLand, Soul Cycle, Elaine Turner, Motherhood Center, Discover Gymnastics, Kendra Scott, Equinox, Saint Street Swim, Total Wine, Main Street Theater, Amy’s Ice Cream, Alley Theater, Sprinkles Cupcakes, Nothing Bundt Cakes and the Houston Wine Merchant.

Austin will be hosting its Boots & Blackjack on Friday October 27th so grab your spouse, friends and colleagues and join us in supporting both the Houston and Austin Boots & Blackjack this Fall!

We have some terrific events lined up for you this Fall and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com

Kind regards

Christine

Happy Friday:

As you may be aware, our Houston chapter is hosting its annual Boots & Blackjack event on Wednesday, October 11th. Given the devastation Harvey has wrought on Houston, we have updated the use of proceeds raised at the event to include disaster relief for the students and staff of the Young Women’s College Preparatory Academy of Houston. I want to thank our raffle, silent auction and wine pull sponsors: MM LaFleur, Maid in the Shade, Pure Barre, JuiceLand, Soul Cycle, Elaine Turner, Motherhood Center, Discover Gymnastics, Kendra Scott, Equinox, Saint Street Swim, Total Wine, Main Street Theater, Amy’s Ice Cream, Alley Theater, Sprinkles Cupcakes, Nothing Bundt Cakes and the Houston Wine Merchant.

Austin will be hosting its Boots & Blackjack on Friday October 27th so grab your spouse, friends and colleagues and join us in supporting both the Houston and Austin Boots & Blackjack this Fall!

To begin, what do Hillary Clinton, Taylor Swift and Amber Tamblyn have in common besides their very high public profiles? In the face of sexual harassment and assault, these three very successful, accomplished, and powerful women said nothing. At trial, Taylor Swift was accused of making up the fact that a DJ put his hand under her skirt because she kept going with a photo shoot in spite of it. Donald Trump spent one debate looming behind Hillary Clinton invading her personal space and breathing down her neck. Amber Tamblyn was accused of lying when she shared her story that actor James Woods had tried to pick her up when she was just 16. And why is this? Because when women speak up, not only are they not believed, they are seen as unpleasant, aggressive and less competent. And this harassment is not about sex; it is about power and domination. In Amber Tamblyn’s essay, she notes that if it happened to you, it has happened to more than one woman and speaking up is owning our power. When a “single voice becomes a choir, the more the tune is forced to change.”

On the subject of speaking up, the recent Silicon Valley scandals served to open a dialogue between male VCs and female founders. “Women founders of startups say they often confront sexist behavior, including condescending remarks and questions that call their intellect into doubt, that wears on them personally and professionally.” The good news is that prominent venture capitalists are now examining their behavior and unconscious biases. Sounds like progress to me. The full article can be found here.

Finally, from the good news file, some of the largest Canadian institutional investors who control more than $1.6 trillion in assets have announced that they intend to join the 30% Club. For those of you not familiar, this is a group that was founded in the UK in 2010 with the stated goal of having no less than 30% of seats on boards of directors and senior management roles at listed companies filled by women by 2022. This 30% Is not a quota, but rather a recognition that without at least 30% representation by women, a board or management team is not diverse and therefore less effective. Kudos to the Canadians for taking this on. Hopefully the US is not far behind. The full article can be found here.

We have some terrific events lined up for you this Fall and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com

Kind regards,

Christine

 

 

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Wednesday Greetings:

As you may be aware, our Houston Chapter is hosting its annual Boots & Blackjack event on Wednesday, October 11th. Given the devastation Harvey has wrought on Houston, we have updated the use of proceeds raised at the event to include disaster recovery for the students and staff of the Young Women’s College Preparatory Academy of Houston. Please join us in supporting both the Houston and Austin Boots & Blackjack this Fall!

The power of the YWPN network was in full force last week. Several of the Houston students were evacuated to San Antonio due to the storm, and YWPN was able to work with both the Houston ISD and San Antonio ISD to get the girls enrolled in the San Antonio school last week to minimize disruption to at least their education.

A recent NY Times article noted that the late 1990’s was the best era for women in the workplace when labor force participation peaked at 60.3%. Part of the issue can be blamed on the fact that the US is the only developed economy without paid family leave, subsidized child care and flexible work arrangements. And why does this matter? If women keep getting pushed out of the workforce, the economy will suffer. To put this in perspective, in 2012, if women’s labor force participation was at the levels of the late 1970’s, it would have shrunk the economy by 11%. If the US is worried about economic growth, this is low hanging fruit. The full article can be found here. In Texas, the income of a typical single mom in Texas is $23,870 and care for just one child can cost up to 21% of her income.

Last week was a rough week for the fight to close the gender pay gap. The Trump administration reversed a rule requiring companies to report how much they paid people along with their race and sex. Without this transparency, it will make the fight to achieve pay equality much harder. The full article can be found here.

In another setback, according to Jacki Zehner of Women Moving Millions, it took 8 years of work and championing by former Treasurer Rosie Rios to put Harriet Tubman on the redesigned $20 bill and now the Trump administration’s Steve Mnuchin are stepping back from this. The full article can be found here.

On the good news front, federal judge Jack B. Weinstein read the report on the lack of women given the opportunity to speak in courtrooms. His response to the study was to institute a rule in his courtroom urging a more visible and substantive role for women on the cases he is hearing. The simplest solutions are often the most effective ones. The full article may be found here.

Finally, the recent Silicon Valley scandals have opened up a dialogue in the male-dominated VC industry causing people (men) to examine their behavior. To quote Will Quist from the article “We are taking a lot of time to look deeper at how our unconscious behaviors contribute to our own role in all of this, and how to improve.” It sounds like a step in the right direction to me. The full article can be found here.

We have some terrific events lined up for you this Fall and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com Please also scroll to the end of this newsletter to check out some interesting jobs from our network.

Kind regards

Christine

 

Greetings:

I am sure you are all aware of the devastation Houston and the Texas coast experienced over the weekend. Our hearts, thoughts and prayers go out to all those impacted by Hurricane Harvey. In lieu of our normal Monday blog, I would ask each of you to take a moment to make a donation to the Red Cross or similar organization this morning. You can even text the word HARVEY to 90999 to make a $10 donation – every little bit helps.

As you may be aware, many of the families hit by hurricane Harvey were relocated to San Antonio.  We ask that during this trying time, we unite to support our families, friends and neighbors. You can do this by donating at the following locations:

  • American Red Cross (210) 224-5151,  3642 E. Houston St. San Antonio, TX. 78219  – accepting only monetary donations
  • Salvation Army 210-352-2000 or 210-352-2020,  910 N. Flores, San Antonio , TX. – accepting clothing and personal items
  • San Antonio Food Band 210-337-3663 – 5200 Enrique M. Barrera Pkwy. San Antonio, TX 78227 – accepting along with food, diapers and wipes.
  • TXWSW- San Antonio Chapter:  please contact Gina O’May – TXWSW Director, at mgomay@aol.com  to arrange for pickup if you have goods to donate but cannot make it to one of the donation centers.

Our thoughts and prayers are with our Houston chapter members and their families. We will also be postponing this week’s Houston event and will be in touch with a new date shortly.

We have some terrific events lined up for you this Fall and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com

Kind regards

Christine

Happy Monday:

The underrepresentation of women in top university economics departments is well known, but a new research report “Gender Stereotyping in Academia: Evidence from Economics Job Market Rumors Forum” uncovers disturbing information about the obstacles women face in the profession. Alice H. Wu completed the award-winning thesis at Berkeley last year. To quote from the article “Ms. Wu mined more than a million posts from an anonymous online message board frequented by many economists. The 30 words most uniquely associated with discussions of women make for uncomfortable reading. In order, that list is: hotter, lesbian, bb (internet speak for “baby”), sexism, tits, anal, marrying, feminazi, slut, hot, vagina, boobs, pregnant, pregnancy, cute, marry, levy, gorgeous, horny, crush, beautiful, secretary, dump, shopping, date, nonprofit, intentions, sexy, dated and prostitute. The parallel list of words associated with discussions about men reveals no similarly singular or hostile theme. It includes words that are relevant to economics, such as adviser, Austrian (a school of thought in economics) mathematician, pricing, textbook and Wharton.” David Romer, a leading macroeconomist at Berkeley summarized the paper as “depicting a cesspool of misogyny.” Indeed. The full article can be found here.

Jason Henrichs, a Silicon Valley entrepreneur published an opinion piece noting attempts by women to solve the problem of discrimination and lack of diversity are doomed to failure not because women are ineffective, but because men “are the problem.” To quote “the slow pace of progress is directly correlated to men, ordinary men like me, not owning up to this. The solution lies in changing our behaviors.” The full article can be found here. This comes on the heels of Sarah Silverman’s rape prevention tips which include sage advice including “When you see a woman walking by herself, leave her alone.” The full list may be found here.

Bloomberg published a survey with the jobs most segregated by gender and race and took on the question as to why workers have sorted themselves into these roles and what would happen if the pay gaps narrowed. The full article can be found here.

Finally, a fun (or horrifying) fact: it was not until 1986 that the New York Times would refer to a woman as Ms. in print. Think about that for a minute; up until a mere 31 years ago, a woman’s identity was defined by her marital status. This change finally came after 12 years of protests and marches. Coincidentally, the “first front page under the new policy carried an article reporting that the Supreme Court had ruled that sexual harassment of an employee by a supervisor violated federal law.” The full article can be found here.

We have some terrific events lined up for you this Fall and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com.

 

Kind regards

Christine

Happy Tuesday:

A stunning chart from Business Insider shows how the gender wage gap translates into the top 2% of earners, and at the top the problem gets a lot bigger. In Texas for instance, top women earn just 35 cents for every dollar men make. These statistics put into sharp relief the fact that even when women make it to top jobs, their compensation is still stunted. The full article can be found here.

Former NY Federal Court District Judge, Shira Scheindlin, who spent 22 years on the bench before stepping down worked on a recent report for the New York State Bar Association. The goal of the report was to observe the instances of women speaking in court. They asked judges to take note of the gender of the lawyers speaking in their courtrooms over a period of 4 months. The study included over 2,800 responses and out of those responses, women were the lead lawyers for private parties barely 20% of the time. Interestingly in these cases, it is most often women who are preparing the briefs but it is the men who take the lead role in the courtroom. Ms. Scheindlin notes that there are several concrete steps judges and corporate clients can take to address the lack of opportunity for women. The full article can be found here.

Google made headlines last week with the engineer who wrote the manifesto as to why women were not biologically suited to work in technology. I am sure you have all followed the story, but I wanted to highlight 2 articles that came out of last week’s events. The first, from Bloomberg, notes a solution – if an industry wants to get away from the gender debate, they could follow Iceland’s lead and mandate parental leave for both men and women “as a non-discriminatory way to bridge the gender gap. Icelanders have the narrowest gender gap in the world, meaning that men and women are almost equally represented in the workforce including leadership and tech positions and receive nearly equal pay. They are also the world’s 12th richest country ranked by per capita output. Note to the economists out there: when 51% of the population is more fully engaged in the workforce, economic growth takes care of itself. The full article can be found here.

The second article calls to mind a favorite quote of mine borrowed by John F. Kennedy in a speech of his, “the only thing necessary for the triumph of evil is that good men do nothing.” Business Insider published an “open letter to the ‘fair minded men of Silicon Valley’ from a woman who works in tech.” The author notes that misogynists (and racists etc.) are perhaps an inevitable part of any population, but what is not inevitable is that good men stand on the sidelines while this poor behavior occurs again and again. The article makes for a powerful read and can be found here.

And speaking of good men, kudos to Microsoft CEO Satya Nadella for his letter to the Microsoft staff commenting on the events in Charlottesville this weekend and at Google last week. I quote: “there is no place in our society for the bias, bigotry and senseless violence we witnessed this weekend in Virginia provoked by white nationalists.” He notes that “it’s insufficient to merely tolerate differing viewpoints,” and calls on employees to “truly understand and share the feelings of another person.” The full article and memo may be found here.

We have some terrific events lined up for you this Fall and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com.

Kind regards

Christine

Happy Monday:

To begin, a new poll from Survey Monkey asked the question “would you say obstacles to gender equality are gone or that significant obstacles still exist?” Of the 13,331 respondents from across the nation aged 18 and up, 58% of US male workers said all obstacles had been eliminated. The responses from women were the polar opposite – 60% of the women surveyed believed barriers remained in place. It is hard to solve a problem when the majority of people in charge don’t believe there is a problem in the first place. The full article can be found here.

Serena Williams would certainly agree that obstacles still exist. We all know the statistics behind the gender pay gap – women are paid 80 cents on the dollar for every dollar men make, but the statistic is even worse for women of color. For every dollar a man makes, black women make just 60 cents. I encourage you to read Ms. Williams powerful editorial which can be found here.

Google made the news again last week – it seems one of their (white male) engineers published a 3,300-word manifesto arguing that women are unsuited for tech jobs for biological reasons. This argument harkens back to Paul Tudor Jones 2013 comments that women will never make it to the ranks of great investors or traders because motherhood and specifically breastfeeding will derail their careers. The full article on the Google manifesto can be found here.

Speaking of obstacles, of the 19 female CEOs that have stepped down from their posts at Fortune 500 companies, only 3 have been replaced with another woman, which means that women are losing ground. Headhunters note that board members tend to rely on their personal networks when choosing candidates versus the wider selection of (diverse) candidates that recruiters bring. When 80% of S&P 500 directors are male, it is easy to see how the status quo is perpetuated. The full article can be found here.

According to the Bureau of Labor & Statistics, 48.4% of women aged 55 to 64 are unemployed. While some of these women are happily retired and golfing, others either need or want the income and engagement that goes along with employment. The author suggests that female managers start taking a harder look at older candidates – if today’s 30 and 40 somethings don’t address embedded ageism women face, they will blink, pass 50 and be part of the unemployed. The full article can be found here.

We have some terrific events lined up for you this year and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com

Kind regards

Christine

 

Happy Tuesday:

Following on last week’s news in VC land, the Wall Street Journal did a follow up on the issue of gender disparity when it comes to VC funding. Women start almost 40% of all private companies in the US and yet they garner just 3% of VC funding. A recent study examined how venture investors interacted with entrepreneurs at Tech Crunch’s New York start-up competition over a seven-year period. After reviewing 189 video recordings of interviews, the researchers noted that 2/3rds of the questions asked of male entrepreneurs focused on the company’s potential success, while 2/3rds of the questions posed to female entrepreneurs were about preventing failure, so the women were at a disadvantage from the get go. The full article can be found here.

Another thing holding women back is the quaint notion that it is inappropriate for men and women to be in one on one situations alone together. The problem is if women cannot be alone with a male boss without fear of innuendo or worse, they are losing valuable face time necessary for career advancement. The full article can be found here.

Huge congratulations to TXWSW’s very own Ashley Baum of Texas Teachers, Amanda Hopper of UTIMCO and Minoti Dhanaraj of Dallas ERS for their inclusion in CIO Magazine’s annual 40 under 40 list. This list reflects the best and brightest in the institutional investing world and well done to them for the recognition of the great work they do! The full article can be found here.

Legal & General’s Helena Morrissey was appointed Dame Commander of the Order of the British Empire for her work on promoting diversity on corporate boards in the UK. To that end, she founded the 30% Club in 2010 and has been making real inroads in addressing the problem. Of course, it helps that the group now counts 23 institutional fund managers controlling over GBP 6 trillion in assets. It is amazing what can be done when institutional investors put their voting power behind an issue.  The full article can be found here.

Finally, for our members who are new to Texas, the New Yorker did a great feature on the landscape of Texas politics. It makes for a fascinating read and can be found here.

We have some terrific events lined up for you this year and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com Please also scroll to the end of this newsletter to check out some interesting jobs from our network.

Kind regards

Christine

Happy Tuesday:

We have our End of Summer Happy Hour in Dallas tonight and a Flower Arranging Class in Austin tomorrow – we have a few spots left for both, so please sign up today!

To begin, the portfolio management team responsible for a $42 billion equity portfolio at Nordea Bank AB ran a study of almost 11,000 publicly traded companies across the globe, and the results showed that firms with a woman at the helm perform far better than the market. The full article can be found here.

Another fund using the outperformance that comes with diversity to their advantage is Ides Capital in NYC. They are an activist hedge fund with a spin – namely increasing talent diversification to improve results. The full article can be found here.

With such clear evidence of outperformance, the question is, if markets are rational, why aren’t there more women in leadership roles? The New York Times published an in-depth article on the subject interviewing women who almost made it to the top and it seems that the real reason behind lack of progress is the resistance they encountered specifically from male colleagues. Interestingly, none of the women interviewed noted a lack of child care or ambition as factors keeping them from their goals. The full article can be found here.

As a follow up to that thought, the Rockefeller Foundation released results of a new survey says that male attitudes towards women played a huge role in the lack of female leadership. In the survey, nearly all respondents noted that men and women were equally qualified to lead, while 90% of women surveyed noted that attitudes of men in a company play a role in holding women back. The results are not about blaming men, but the fact is that men make up the vast majority of leadership in corporate America, and they are responsible for giving women the opportunity to rise through the pipeline. The full article can be found here.

Finally, less than a month after Equal Pay Day, a federal court has ruled that women can be paid less than men for doing the same job based on what their previous salary was. This ruling allows prior discriminatory salary setting to justify a woman’s future salary. The full article can be found here.

We have some terrific events lined up for you this year and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com Please also scroll to the end of this newsletter to check out some interesting jobs from our network.

Kind regards

Christine

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Happy Monday:

Harvard Business Review published a terrific article on the real-world benefits and lessons on improving diversity from the example set by Pinterest. Bottom line? Like any change, the staff had to get comfortable with being uncomfortable while the plan was implemented, but the financial results were well worth the effort. The full article can be found here.

HBR also explored the flaws in the VC culture that made sexual harassment a prevalent issue in that industry. It seems that when you confuse the pursuit of money with the pursuit of masculinity, hitting on women is just “another way to keep score.” The author notes that while the industry is turning to sexual harassment training as a solution, the real issue lies in changing men’s attitudes toward themselves as men. To eliminate sexual harassment, the industry needs to stop placing value on being a ‘real man’ and insist that people behave as respectful decent human beings. The full article can be found here.

On the topic of being a decent and respectful human being, a new study shows that when black employees cannot speak out about their life experiences with discrimination, they are more vulnerable to feelings of isolation and alienation. We know the economic benefits of having diverse teams, and building better understanding and trust between team members is a critical step in building a strong one. The full article can be found here.

And finally, we have all been in a position where we have disagreed with our superiors. The question is, is it better to speak up or shy away from the conversation? It seems there is a (powerful) right way to have this conversation with concrete steps you can follow. Read on – the full article can be found here.

We have some terrific events lined up for you this year and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com

Kind regards

Christine

To begin, US News had some interesting statistics on financial advisors. It seems that 55% of women between the ages of 25 and 34 prefer working with a female financial advisor and 70% of women will select a new advisor within a year of being widowed. The upshot is that there is a good deal of opportunity for women in this field. The full article may be found here.

Another article examined the differences between the way men and women negotiate and postulated that perhaps the gender difference in the way we approach negotiation is one of the things holding women back because at this point women are, on average, more educated than men and are earning college degrees at a faster rate. The study showed that women are less likely to negotiate when they are paid less and women are penalized for the aggressive tactics that men are praised for. The article makes for an interesting read and can be found here.

The former Twitter CEO made headlines with his comment that the gender problem in tech and VC is ‘probably way worse than we’ve seen’ and calls on the industry to take concrete action to improve diversity and behavior towards women beyond signing a pledge and hoping the headlines will go away. The full article can be foundhere.

From the Wall Street Journal, there was a great article last week about the transformation of a self-proclaimed introvert into a master networker. It is an inspiring story in that the idea of ‘fake it until you make it’ really worked brilliantly in this case. The full article can be found here.

Finally, a new study noted that Americans are sleeping more and working less, but when you dig behind those numbers, it turns out the statistics are skewed by an aging population and fewer people in the workforce. People who have a job are actually working more hours. The study also showed that while the average woman works 76 minutes less per day than the average man, women spent 2 hours and 14 minutes on household chores versus 1 hour and 26 minutes for men. The amount of time men spend on household chores has increased from a decade ago, but the times mentioned do not reflect a more even distribution of household duties, rather it shows that more men live alone. The full article can be found here.

We have some terrific events lined up for you this year and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com Please also scroll to the end of this newsletter to check out some interesting jobs from our network.

Kind regards

Christine

Happy Friday:

Late last week, the New York Times finally figured out why women-led start-ups get a fraction of the funding ($1.5 billion) that male-led start-ups ($58.2 billion) receive, and it was because female founders were the victims of predatory behavior and sexual harassment. This was an open secret in the industry keeping many women from even attempting to get financing. More than two dozen female entrepreneurs shared their stories about the predatory behavior they had experienced when seeking out financing or jobs. The massive gender and power imbalance in the industry have allowed this situation to continue unchecked for years until now. The ousting of Binary Capital’s Justin Caldbeck detailed in this Forbes article opened the floodgates. The full article and the women’s stories can be found here.

And as a follow-up, mid-last week, Dave McClure of 500 Startups also resigned in response to multiple women coming forward detailing both harassment and assault. More women have come forward to share their stories and it is beginning to look like this is the tip of the iceberg. The question is now what will the industry and institutional investors in these funds do to clean up this abhorrent behavior? The full article can be found here.

Joe Scarborough and Mika Brzezinski were in the line of fire last week with Trump calling Mr. Scarborough out as psycho, but saving his best for Ms. Brzezinski demeaning her for her age, appearance and mental capacity. And what do you ask does this have to do with women in finance? When the president of the United States uses his very public platform to demean and belittle women, it undermines our gender and is an insult to all women. It also raises the question about what is going on behind closed doors when there are few to no women in the room. Our government is supposed to look after all of our interests, but when we don’t have a seat at the table, we get what crumbs are left for us. Case in point, in the conversation about the healthcare bill, one representative noted that it was crazy that a 62-year-old man needed to pay a share for pregnancy insurance, and the question is, is that any crazier than an 18-year-old woman pays for prostate surgery? The point is we all need women to have children for the human race to continue. How is coming together as a collective (which is the point of insurance pools) somehow a burden on men?

We have some terrific events lined up for you this year and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com Please also scroll to the end of this newsletter to check out some interesting jobs from our network.

Kind regards

Christine

Dear TXWSW:

The amazing thing about the internet is that it is exposing gender bias at a blinding rate and bringing the conversation into the public domain. For those women in senior roles and on boards, David Bonderman’s demeaning comments were not new – what is new is the vitriol that those comments were met with and that finally there were consequences. In fact, last week we witnessed the destruction of the myth that women talk too much. Men and women use the same number of words in a day, but women are interrupted, talked over, shut down or penalized for speaking out when men outnumber them. Two great articles can be found hereand here.

There was a great chart in Statista last week that delves into how women are viewed in different countries around the world. The survey asked two questions 1) would things work better if women held high positions in companies/government and 2) is the role of women in society to be good mothers and wives?  The difference in the results by country clearly demonstrates the different biases societies hold for fact. The survey can be found here.

The next article, from Business Insider, recounts the epiphany a woman had when her husband stepped back from his career in law to start his own firm and took on more of the childcare and household responsibilities freeing her up to “fire up on all cylinders at work.” In the article, the author notes that for the first time since her children were born, she experienced a reduced mental load, relief from persistent exhaustion and being overwhelmed now that her husband was there to help shoulder the responsibilities. The full article can be found here.

The comments in the article struck me because earlier in the week a very accomplished friend of mine has been asking herself how much more she could have achieved in her career if she did not have the added mental burden of being the one with primary responsibility for the children and the household. She shared with me a really striking comic titled You Should Have Asked that struck me as startlingly familiar. In the comic, I recognized myself as the woman on the couch watching tv and making lists in my head. In addition to working full time, my husband looks to me to manage all the household duties and to assign tasks to him. The interesting thing is that at work, being a manager is a full-time job but in a household setting when we are managing the tasks and at the same time executing a large portion of those tasks, we are taking on 75% of the work. No wonder we are all so tired all the time. More on the mental load that women carry can be found here.

We have some terrific events lined up for you this year and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit  www.txwsw.com Please also scroll to the end of this newsletter to check out some interesting jobs from our network.

Kind regards

Christine

Dear TXWSW:

David Bonderman, Partner at TPG made headlines for his disparaging remark to Arianna Huffington during an Uber board meeting when she was explaining that adding one woman to the board often leads to more women joining a board. Mr. Bonderman responded that ”Actually, what it shows is that it’s much more likely to be more talking.

It is taken for fact that women talk more than men, but is that true? To set the record straight, a study at the University of Texas published in Scientific American noted that men and women use roughly the same number of words in a day. The full article can be found here. Further, a Harvard study noted that when students were working in collaborative groups, if the number in the group was seven or greater, men talked more.

Pardon the interruption

What men also do more frequently is interrupt women. An article in Forbes detailed a study by George Washington University that notes that when men are talking with women, men interrupted 33% more often than when they were speaking with men. The full article can be found here.

 

Sen. Kamala D. Harris (D-Calif.) questions Attorney General Jeff Sessions on Tuesday. (J. Scott Applewhite/AP)

We had a high profile example of that twice in two weeks when Senator Kamala Harris was cut off by her colleagues while posing questions during. Senate intelligence hearings. For those of you unfamiliar with Ms. Harris, she has had a 25-year career in law enforcement, served 2 terms as San Francisco’s first female district attorney and was the first woman elected as California’s attorney general. During two sessions of questioning, she asked tough pointed questions as one would expect of someone with a prosecutorial background. For that, she has been called hysterical and was both interrupted and chastised for her style of questioning.

I believe part of this tone deafness has to do with what communication expert Deborah Tannen classifies as the different motives behind communication.Men speak to determine and achieve power and status. Women talk to determine and achieve connection. To change the dynamic, men must think twice about interrupting. Brilliant case in point was when Google CEO Eric Schmidt interrupted the only women on a panel during a SXSW event.

The case for diversity

But back to Uber and TPG. TPG is a large investor in Uber, so beyond Mr. Bonderman’s sexist remark, TPG has a very real stake in the financial performance of Uber on behalf of their investors. And of course Uber is all over the news for its toxic and sexist culture which is putting the future of the company at risk. Perhaps instead of disparaging women, Mr. Bonderman should be paying more attention to all the studies that show how increased diversity in both management and on boards can improve company performance and profitability. And if he is looking for qualified candidates, we have 2,500 of them.

Kind regards

Christine

 

Happy Monday:

We have three great events this week – a spin class followed by happy hour in Dallas, painting and wine in San Antonio, and a happy hour at Jack Allen’s in Austin. Please sign up and spend an evening with your fellow TXWSW!

Bloomberg examines why so few women survive the bro culture in technology. Digging in, one survey showed that 87% of women with at least 10 years’ experience working in tech reported hearing demeaning comments from male colleagues, 75% were asked about their family lives in job interviews and 60% received unwanted sexual advances. Those are just 3 easy to fix items that would make the industry much more attractive to female talent. The full article can be found here.

The next article asks the question – why don’t women see themselves as entrepreneurs? Although women make up over half the workforce, they only own 36% of companies in the US, and those that do own companies earn less in revenue and have fewer employees. In technology, fewer than 10% of start-ups are owned by women. The discrepancy can be blamed on the concept of homophily or love of the same – in other words, people tend to live in bubbles which shapes the ideas we form. People mentor and give money to people like themselves leaving women out of those established networks. Women also have less opportunity for management experience at a large company that can give them the skills to help launch their own business. The full article can be found here.

Finally, Paulina Porizkova explores the cultural attitudes about women that she experienced in during her life in Czechoslovakia, Sweden, France and finally America. The sum total of her experience has led her to proudly wear the label of feminist because why shouldn’t a woman’s power be equal to that of a man? The full article can be found here.

From Forbes, the list of the 60 richest, most successful self-made women in America. The List can be found here. Of that list, 4 hail from Wall Street and their stories can be found here.

We have some terrific events lined up for you this year and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit  www.txwsw.com Please also scroll to the end of this newsletter to check out some interesting jobs from our network.

Kind regards

Christine

 

Happy Wednesday:

To begin, the Ann Richards School is celebrating its tenth anniversary this year. Founded in 2007, the school has produced 326 graduates from 5 graduating classes. All those young ladies were accepted into 4 year colleges and were awarded over $39 million in merit based scholarships. Today, 89% of Ann Richards’ graduates persist in college compared to a national average of 8% for economically disadvantaged children. To learn more about the life changing work they are doing, their anniversary video may be found here.

For all the recent graduates, the next article shares great pointers on how to increase your odds of a call back after a job interview. Bottom line? Be prepared and authentic. The full article can be found here.

For the first time ever in the Wall Street Journal CEO compensation survey, female CEOs out earned their male counterparts. The number of women running Fortune 500 companies remained constant at 5% of the total, but the increase in compensation for these women reflects both their strong absolute performance and the fact that several of these women have successfully lead tough turnaround situations. The full article can be found here.

Another article making headlines this week addresses the topic of how to raise a feminist son. And why does this matter? Many jobs in the future require so called soft skills like cooperation, empathy, and diligence, and these are skills that need to be developed early on. Part of the advice also revolves around teaching boys to care for themselves – American girls aged 10-17 spend 2 more hours on chores each week than boys do which is perpetuating the myth that housework is women’s work. The full article can be found here.

Wonder Woman was making headlines all over the place – for the first time in 12 years, a big-budget female-led super hero movie was the top grossing film in the US. And this one was directed by a woman. I am not a big fan of comics but I loved the film. Seeing women in such powerful roles was both refreshing and empowering, so if you have not seen it, I highly recommend doing so! I also wanted to share with you 2 articles on why this film is having such a powerful impact. The articles may be found hereand here.

We have some terrific events lined up for you this year and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit  www.txwsw.com Please also scroll to the end of this newsletter to check out some interesting jobs from our network.

 

Happy Tuesday:

I hope you all had a relaxing Memorial Day weekend spent in the company of family and friends. Memorial Day is a time to remember all those who died while serving in our armed forces. Today, I would like to honor all the women who are taking on the challenge of joining the infantry serving alongside their male brethren and held to the same standards which include hurling a grenade 35 meters, dragging a 268-pound dummy 15 meters, running five miles in less than 45 minutes and completing a 12-mile march carrying 68 pounds. These women are nothing short of inspirational. The full article can be found here.

Next, from Bloomberg, the Australian Council of Superannuation Investors whose members oversee over $1.1 trillion in assets are taking matters into their own hands when it comes to board diversity. After years of engagement on the issue, the Council will now vote down boards that are not making progress on gender diversity. And why does all this matter? “Companies with strong female leadership made an annual return on equity of 10.1 percent in 2015 versus 7.4 percent for those without, MSCI research shows. A 2016 Credit Suisse Group AG survey of over 3,000 firms found more diverse boards achieved superior stock performance.” The full article can be found here.

The education gap has widened over the years and now close to 60% of all college students are women. Female millennials are edging out millennial males in the job market. This will be fascinating to watch this trend unfold over the coming years. The full article can be found here.

All  progress is a great thing, however, the next article stopped me in my tracks this weekend. Trump’s Middle East trip highlighted the fact that women in Saudi Arabia live under a regime of guardianship where a woman can be beaten and imprisoned for traveling without permission among other sins, however, when it comes to child marriage, this is a travesty that is still legal in 38 states right here at home. This article, Eleven Years Old, a Mom, and Pushed to Marry Her Rapist in Florida is a sobering read. The full article can be found here.

We have some terrific events lined up for you this year and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com

Kind regards

Christine

Happy Monday:

I hope you all had a terrific Mother’s Day on Sunday. The first article features an Australian Senator who made headlines while breast-feeding in the Parliament following new rules passed that allows politicians to briefly care for their children from the floor. The rules change acknowledged that if a woman elected to public office gives birth, she should not have to choose between her job and her physical health. The rules change also recognizes the fact that we use our bodies for different things including having and feeding children, and if men are so sensitive and easily distracted by breastfeeding, then perhaps they aren’t fit to hold public office. The Australian Parliament is leading the way to demonstrate that our workplaces are changeable entities of our own construct and we can make them better. The full article can be found here.

From the Harvard Business Review, it seems women face a trade-off between ambition and marriage. Their research shows that men still prefer partners that are less professionally ambitious than they are which sets up a real conflict for women that want to pursue a career. Interestingly when questioned in all-female groups, 79% of single women chose a job with quicker promotion to partner but substantial travel. Interestingly, when there were men present in the group, only 37% of women chose that option. The full article can be found here.

A PBS segment explores the phenomenon that men shy away from careers that are seen as women’s work in spite of the fact that these are well-paying jobs in growing industries. While unemployment is at an all-time low right now, one in six prime-age (25-54) men are unemployed or out of the workforce altogether and it is not because they are in school or caring for children. It is fascinating that gender or cultural stigmas are enough to keep these men on the sidelines. The full article can be found here.

And finally, from the Columbia Business School Network, Dr. Dana Kanze explores the gender gap in VC funding. Although women-owned businesses represent 40% of all start-ups, only 2% of venture funding is allocated to female entrepreneurs. When Dr. Kanze was raising money for her own start-up, she noticed a difference in the types of questions VCs asked male entrepreneurs versus what was asked of the women. The findings make for enlightening reading and can be found here.

We have some terrific events lined up for you this year and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com

Kind regards

Christine

Happy Thursday:

The first article questions changing dynamic of how our society views women with careers and asks the question, are women (finally) allowed to love their jobs? It is taken as a given that a man is allowed to find fulfillment at work, and have his career feed both his sense of importance and sense of self. Interestingly, studies have shown that for women, working outside the home correlates with better mental and physical health and reported happiness. And it turns out that daughters of mothers who work tend to be higher achieving, work themselves, make more money, and spend more time with their own daughters, so a win-win all around. Also, men with stay-at home wives tend to penalize their female colleagues denying them promotions. Not having financial independence puts women at risk as they are more likely to be stuck in abusive relationships. So the question is, what is not to like about working? And can we finally stop apologizing for enjoying a career? Sadly, the lack of paid parental leave, adequate sick days and affordable child care can force women out of the workforce. Many of them don’t opt out, they are pushed. This author’s dive into the subject makes for great reading. The full article can be found here.

Which brings us to the next article from HBR which explores the question, “Does a woman’s high status career hurt her marriage?” It turns out that the answer is no IF the woman has tangible and instrumental support from her spouse. And by instrumental support the authors mean a spouse that roll up their sleeves and pitches in with childcare and household duties. Seems like a sound plan to me. The full article can be found here.

Also from HBR, an article details a Grant Thorton study on the glacial progress of getting women into executive roles. It turns out that financial service firms are some of the worst offenders in terms of promoting women. The full article can be found here.

The next article notes that based on 40+ years of research, it seems that women make better managers than men. Based on the analysis of 27 million employee responses, it seems that female managers are better at driving employee engagement. Why does this matter? It seems that 87% of employees worldwide report being disengaged. Companies that have engaged employees outperform their peers by 147%. That is a lot of unrealized potential no matter how you count. The full article can be found here.

Finally, a paper by Barbara Stewart, CFA is changing the conversation around women and investing, and negative stereotypes around women’s financial confidence and risk tolerance are being challenged. The full article can be found here.

We have some terrific events lined up for you this year and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com

 

 

Happy Monday:

When Dawn Patrick started her career in finance on the floor of the American Stock Exchange back in 1992, many of her colleagues bet on her failure. Today she has taken the helm of George Soros’ $26 billion portfolio and her story makes for inspirational reading. You can find the full article here.

This past week was the week of career advice from senior women on Wall Street. The first article details an interview with Sandra Horbach who is one of Carlyle’s most senior women. In a nutshell, she invites women to move out of our comfort zones and take chances. The full article can be found here. And a recent Wall Street Journal conference brought 4 senior women together. The upshot of their advice is that women must invest in relationships and be clear about their goals, priorities, and compensation requirements. The full article can be found here.

Last week saw the ouster of Bill O’Reilly after an internal investigation found that he had harassed even more women than had come forward publicly, but the question is does this represent a watershed moment or back to more of the same? Research clearly shows that the majority of women don’t report harassment because they fear retribution and apparently with good reason. The full article can be found here.

From Saudi Arabia, women are fighting back against the culture of guardianship, where women are the property of male relatives, by using social media. Their story is an inspiring one, but they certainly have a long way to go. The full article can be found here.

Finally, from the Nevada Legislature, we have a bird’s eye view into what happens when there are more women leaders in government. With women making up 39.7% of the representation across the state, Nevada ranks near the top, and the increase in the number of women has directly translated into “better consideration of women in the drafting of law and policy.” Imagine taking the needs of 51% of the population into consideration in the lawmaking and governance process! It also tells us that if we don’t have a seat at the table, we are the ones being carved up. The full article can be found here.

We have some terrific events lined up for you this year and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com

Kind regards

Christine

Happy Monday:

I am sure you have all seen the article on The Utter Uselessness of Job Interviews from last week. Well it seems that there is an added edge against women trying to get ahead. In addition to the confidence bias that employers take into unstructured interviews, it seems that affinity bias doubly harms women – namely that people seek out candidates who share their backgrounds, group membership or experiences. This plays out in both male dominated professions and as the funnel narrows as women move up the ladder. The full article can be found here.

The other major headlines last week had to do with the widespread sexual harassment scandal at Fox News. As always, when one story came out the floodgates opened furthering my theory that women keep quiet because they think it is only happening to them. The next story details more reasons why women prefer not to say anything, and the statistics are shocking. Only one quarter to one third of people who have been harassed at work report it and only 2-13% file a formal complaint. The full article can be found here.

And if you ask yourself why any of this matters, it is all about results. A recent Market Watch article noted that women-led funds trade less and have better returns. The article also noted that women are far more likely to have earned a chartered financial analyst credential than their male counterparts and yet they are still a rarity in the industry. The full article can be found here.

When it comes to stock reports, apparently male analysts write more favorable about public companies run by men than one run by women – another example of why having a diverse opinion is important when making investment decisions. The full article can be found here.

One of my favorite articles this week was a great example of what can be achieved when women stick together. In one Indian town, women took matters into their own hands when it came to combatting the rampant alcoholism in their town. The story makes for great reading.

And finally, from the world of sports, attached is a video detailing Katherine Switzer’s path to becoming the first woman to officially run the Boston Marathon 50 years ago and her story is nothing less than inspirational. You may watch it here.

We have some terrific events lined up for you this year and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com

Kind regards

Christine

 

Happy Monday:

To begin, from Bloomberg, more proof that Wall Street is still a boy’s club. A new study shows that women are far less likely to engage in misconduct than men, but when they do, they are punished far more harshly than men. Perhaps if punishment were meted out more evenly, there would be less rule breakers overall. The full article can be found here.

Which brings us to the venture capital world – Kirsten Green translated her years of analyst experience into venture investing focused on the retail sector. Her investments into The Dollar Shave Club and Jet.com have landed her the #12 spot in the annual list of the top 20 venture capitalists worldwide. The full article can be found here. On the other end of the spectrum is an opinion piece on the flaws of the “bro” culture that pervades start up tech firms and the billions of dollars of value destroyed by toxic workplace culture. The full article can be found here.

Speaking of great performance, a recent FT article notes that hedge funds run by women have outperformed a benchmark of alternative investment managers for the past 5 years. This of course begs the question as to why women-run firms have so few assets under management. The article covers the never-ending circular argument that women led firms have less assets under management so it is harder to allocate to them. If Wall Street is a true meritocracy, then why does this issue persist? The full article can be found here.

Following on that chord, the next article is about a male boss who signed his emails with a female colleague’s name and he described the two week experience as “hell.” Men are often quick to dismiss claims of gender bias in the workplace, but this experiment produced some eye-opening results. To quote “Nicole had the most productive week of her career. I realized the reason she took longer is bc she had to convince clients to respect her. By the time she could get clients to accept that she knew what she was doing, I could get halfway through another client.” Read on.

And finally, I am sure you have all seen the BBC Dad video; well, a New Zealand comedy show did a take on what would have happened if a mom was interrupted during an on-camera interview. The results are very true and hilarious. The video can be found here.

We have some terrific events lined up for you this year and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com

Happy Tuesday:

The message last week is that to achieve equality, we need to begin at home. From the WSJ this week, it seems that counterintuitively one way to achieve parity is for both partners to take on challenging work and the balance finds itself. It is all about each half of the couple taking on something they find rewarding and fulfilling and respecting each other’s path. It seems that adding a bit ‘more’ busy to an already busy life does not tip the scales much. The full article can be found here.

From the field of technology, it seems that the shortage of women is getting worse. A study by Business Insider notes that the number of women in startups is going in the wrong direction. The full article can be found here. Perhaps the news coming out about Uber and the rampant sexism has something to do with women fleeing the industry. The full article can be found here.

The next article notes the importance for women to have both mentors and a strong network when trying to break into a male-dominated field. The article focuses on science and postulates that bias turns women away from a field even before they get started. Without having mentorship and support, it can be very hard to navigate a path forward and this starts as early as school years where women are encouraged out of traditionally male dominated fields. This is another good reason for TXWSW to partner with the YWPN schools to help any of these students get a toe hold in the business. The full article can be found here.

It has been a long-held notion that women shy away from competition. New research shows that women do like compete – most especially against themselves. The full article can be found here.

For those companies that want to improve their hiring process, here are seven concrete steps that can reduce bias in hiring. The full article can be found here.

We our holding our biggest event of the year on March 9th in Dallas. This will be TXWSW’s 8th annual State of the Markets event and we have nothing short of a fabulous line up planned! To begin, back by popular demand, we have Danielle DiMartino Booth, formerly with the Dallas Fed and Dr. Lev Borodovsky, Editor of the Wall Street Journal’s Daily Shotdiscussing the economy in a debate style format led by Dallas Children’s investment director Ryan Bailey. Next, we have award winning CIOs from across the country sharing their thoughts on asset allocation, opportunities and pitfalls in today’s market led by Nili Gilbert. This event is open to the public and supports the Young Women’s Preparatory Network – please buy your ticket today and help us get the word out! More details may be found here.

If you would like to attend as sponsor, please reach out to our marketing director, Bianca King atdevelopmentdirector@txwsw.com to learn more!

We have some terrific events lined up for you this year and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com

 

Happy Tuesday:

I hope you all enjoyed the long weekend! To begin, a new book from Tiffany Dufu argues that gender equality starts at home. Tiffany’s point is that until women demand more equality at home we will not achieve equality in the workplace or society. The message being that when caring for a family or household chores falls squarely on a woman’s shoulders then it is a woman’s issue and not a family and society issue. The full article can be found here.

A recent HBR article backs her theory – it seems all employees value flexible working hours, but employers punish women who use it. According to the article, men are praised for taking part in such programs, and women making the same request are viewed as less reliable and committed. They are also less likely to have their request granted. The full article can be found here.

To understand just how ingrained these beliefs are, take this weekend’s tumult over a Utah Republican party official’s comments that equal pay is bad for society because, and I quote “it is not the role of the government to “dictate to businesses what they should pay” and said “traditionally, men have earned more than women in the workplace because they are considered the primary breadwinners for families. They need to make enough to support their families and allow the mother to remain in the home to raise and nurture the children.” What he is missing is that today, 40% of all households in the US are headed by a woman, so the outdated notion that women can afford to earn less because work is a choice is hurting us all. The full article can be found here.

Finally, also from HBR, new research shows that women who have been turned down for an executive role will shy away from applying again. This is a critical finding because even small differences in response to rejection will have a big impact on the ability for women to get ahead. Bottom line? Rejection is just part of a career path – so dust yourself off and keep asking until you get what you want! The full article can be found here.

We our holding our biggest event of the year on March 9th in Dallas. This will be TXWSW’s 8th annual State of the Markets event and we have nothing short of a fabulous line up planned! To begin, back by popular demand, we have Danielle DiMartino Booth, formerly with the Dallas Fed and Dr. Lev Borodovsky, Editor of the Wall Street Journal’s Daily Shotdiscussing the economy in a debate style format led by Dallas Children’s investment director Ryan Bailey. Next, we have award winning CIOs from across the country sharing their thoughts on asset allocation, opportunities and pitfalls in today’s market led by Nili Gilbert. This event is open to the public and supports the Young Women’s Preparatory Network – please buy your ticket today and help us get the word out! More details may be found here.

If you would like to attend as sponsor, please reach out to our marketing director, Bianca King atdevelopmentdirector@txwsw.com to learn more!

We have some terrific events lined up for you this year and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com

Happy Tuesday:

To begin, it seems that women in their 60’s and 70’s are having way too much fun at work to retire. This desire to postpone retirement is even more prevalent among women with higher income and savings, so it really is about the fulfillment they get at work. The full article can be found here.

To be in the game, you need to stay in the game which brings me to the next article from Forbes. Sexism is alive and well and undermines women’s careers. Avery Blank shares practical advice on how to squash it so you can get and stay ahead. The full article can be found here.

For employers looking to close the gender gap, it seems that letting employees control their schedules is key, even if it is only for a certain period. Studies have shown that workplace flexibility reduces turnover and improves employee loyalty. The full article can be found here.

Finally, from the Atlantic, it seems even the Ivy League has a gender pay gap. It seems that female grads make 30% less than their male colleagues. Paradoxically the more education you have, the more money you make and the wider the pay gap gets. The full article can be found here.

We our holding our biggest event of the year on March 9th in Dallas. This will be TXWSW’s 8th annual State of the Markets event and we have nothing short of a fabulous line up planned! To begin, back by popular demand, we have Danielle DiMartino Booth, formerly with the Dallas Fed and Dr. Lev Borodovsky, Editor of the Wall Street Journal’s Daily Shotdiscussing the economy in a debate style format led by Dallas Children’s investment director Ryan Bailey. Next, we have award winning CIOs from across the country sharing their thoughts on asset allocation, opportunities and pitfalls in today’s market led by Nili Gilbert. This event is open to the public and supports the Young Women’s Preparatory Network – please buy your ticket today and help us get the word out! More details may be found here.

If you would like to attend as sponsor, please reach out to our marketing director, Bianca King atdevelopmentdirector@txwsw.com to learn more!

We have some terrific events lined up for you this year and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com

Happy Monday:

I hope you all enjoyed the Super Bowl yesterday. I did hear Houston did just an outstanding job hosting the event and we would expect nothing less. I got to watch HBO’s Becoming Warren Buffet again which I highly recommend. It is interesting to note the strong role women played in his life, his success, and the path of his late in life philanthropy. For those of you that missed his 2013 essay that he published in Fortune, it is women that hold the potential for boosting the global economy. The full article can be found here.

Speaking of the impact of women on the economy, apparently single women are buying homes at twice the rate of single men. Single women account for 17% of US homebuyers versus 7% for single men. Instead of alienating women, politicians may want to pay attention to this demographic. The full article can be found here.

The Pimco brand and Bill Gross have long been intertwined. His departure in 2013 was a painful one for the bond giant, but as I have often said, when there is a big mess and a thankless task ahead, often the reins are handed to a woman. Enter Jackie Hunt, a CPA by training, who took on the role precisely because of the challenge. Under her watch, Pimco is experiencing its first net inflows. The full article can be found here.

George Soros also made headlines with his high profile hire of Dawn Fitzpatrick who he poached from UBS to take the role of CIO at Soros Fund Management. The full article may be found here.

Finally, psychology professor Sian Beilock explains the physiology behind choking under pressure. It seems that the biological reaction to stress captures our attention so it is like we are trying to do two things at once. Fortunately, there are steps we can take to mitigate the reaction or even make it work in our favor. The full article may be foundhere.

We our holding our biggest event of the year on March 9th in Dallas. This will be TXWSW’s 8th annual State of the Markets event and we have nothing short of a fabulous line up planned! To begin, back by popular demand, we have Danielle DiMartino Booth, formerly with the Dallas Fed and Dr. Lev Borodovsky, Editor of the Wall Street Journal’s Daily Shot discussing the economy in a debate style format led by Dallas Children’s investment director Ryan Bailey. Next, we have award winning CIOs from across the country sharing their thoughts on asset allocation, opportunities and pitfalls in today’s market led by Nili Gilbert. This event is open to the public and supports the Young Women’s Preparatory Network – please buy your ticket today and help us get the word out! More details may be found here.

If you would like to attend as sponsor, please reach out to our marketing director, Bianca King atdevelopmentdirector@txwsw.com to learn more!

We have some terrific events lined up for you this year and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com

Kind regards

Christine

Happy Monday:

Bloomberg reported on a recent study from the Journal of Science that suggests that the programming of girls to believe that they are ‘less than’ starts as early as age six. That such stereotypes exist is nothing new; what is new is the young age at which these biases are affecting children and how hard that programming can be to overcome. The full article can be found here and is a must-read for all parents.

To continue with the theme, from the Wall Street Journal, even in the 21st century, women with careers feel the need to minimize their accomplishments and ambitions if they are single. The perception is that ambition and assertiveness are not valued in the marriage market even today. Serious eyeroll. The full article can be found here.

For those of you that have not seen Hidden Figures list, I encourage you to add it to your ‘to do’ list for next weekend. The film was incredibly eye-opening and inspiring. For those of you that will wait until it hits DVD or Netflix, there is a great article in Forbes detailing 9 leadership lessons about workplace diversity and inclusion that we can all learn from now. The full article can be found here.

And finally, with the death of Mary Tyler Moore last week, we lost an early role model for professional women everywhere. I was a young girl when the show aired and at the time she was one of the few television characters that was a professional woman aspiring to greater things. Anna Clark shared her take on the lessons that MTM left behind that are still valid for all of us today including the fact that we can be nice and strong, and standing up for others and ourselves is the right thing to do. The full article can he found here.

We our holding our biggest event of the year on March 9th in Dallas. This will be TXWSW’s 8th annual State of the Markets event and we have nothing short of a fabulous line up planned! To begin, back by popular demand, we haveDanielle DiMartino Booth, formerly with the Dallas Fed and Dr. Lev Borodovsky, Editor of the Wall Street Journal’s Daily Shot discussing the economy in a debate style format led by Dallas Children’s investment director Ryan Bailey. Next, we have award winning CIOs from across the country sharing their thoughts on asset allocation, opportunities and pitfalls in today’s market led by Nili Gilbert. This event is open to the public and supports the Young Women’s Preparatory Network – please buy your ticket today and help us get the word out! More details may be found here.

If you would like to attend as sponsor, please reach out to our marketing director, Bianca King atdevelopmentdirector@txwsw.com to learn more!

We have some terrific events lined up for you this year and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com

Happy Friday!

The women’s march has been all over the news this week and the turnout was nothing short of historic. The New York Times profiled women on Wall Street who turned out for the march – this is significant because it is not a demographic given to street protests. The full article can be found here.

A new survey noted that 82% of women believed that sexism was a problem in society today and 41% of women reported feeling unequal because of their gender. The survey went on to note that men underestimated the impact women felt sexism had in their lives which indicates the need for more discussions on the subject. No problem goes away if you keep it to yourself so this is an opportunity to improve the dialogue around the issue. The full article can be found here.

From the good news file, Philadelphia became the first city to take concrete steps towards narrowing the pay gap by barring employers from asking applicants for their salary history. The idea is that folks should be paid for the skills they bring to the table and not be paid based on their past earnings. The full article can be found here.

The next article details the experiences of Iris Bohnet at Davos this year. Women make up only 20% of attendees and are often confused for significant others rather than attendees. Ms. Bohnet is a behavioral economist at Harvard who studies the impact of gender inequality. The article makes for interesting reading.

With unemployment at post-recession lows, attention is now turning to people who have dropped out of the workforce and figuring out how to get them to re-engage. Male workforce participation has been on the decline for some time, however, the decline was offset by the increase in the number of women working. Seven years into the recovery, women’s participation rates have still lagged which is an issue for our economy. The next article notes that the reason women drop out is much different than men – because women are still the primary caregivers, they are often forced to the sidelines by family obligations. The full article can be found here.

Lastly, one woman started a rebellion against sexist work place dress codes in Britain after being sent home for refusing to wear high heels. The full article can be found here.

We have some terrific events lined up for you this year and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com

Happy Wednesday!

To begin, the NYT did a terrific article about the dominance of women in corporate governance. Different than the activist hedge fund managers that make the front pages, this group, is made up of almost exclusively women, is responsible for voting the proxies for trillions of dollars’ worth of stock. The article makes for fascinating reading and can be found here.

On the other side of the coin, a recent article noted the dearth of women actually running mutual funds. A puny 9.4% of American mutual fund managers are women – this number is shockingly low when compared to professions like medicine and law where women make up 30-35% of professionals. Outside the US, one in five managers is a woman, so why a chasm instead of a mere gap? If Wall Street is a meritocracy and studies have shown that adding women improves performance, what gives? The full article can be foundhere.

To follow on from the previous article, to get more women into senior positions, the pipeline process certainly needs improvement. The next article, from Forbes, discusses how diversity and inclusion efforts are broken and how they can be addressed. Hint: get rid of the separate programs and make it part of the firm’s central mission. The full article can be found here.

For both job seekers and hiring managers, note to self – step back and look at the language in a job description. A recent study notes that overly feminine or masculine language will have the effect of turning folks of the opposite sex off. Key words like exceptional, manage and superior had the effect of turning away female candidates while words like empathy, care and sympathetic were a turn-off to men. So why should we care? The study also found that job descriptions with gender neutral language not only brought in a range of more diverse candidates, job openings were filled 14 days faster on average. The full article may be found here.

Finally, the women’s march on Washington made the news because it is bringing up the issue of race –history has shown that women have traveled an incredibly rough road to achieve basic human rights and are still fighting to be seen as equals. Statistics demonstrate how much tougher that road has been and continues to be for women of color. Using the gender pay gap as an example, while women make 77 cents for every dollar that men do, African American women are paid 64 cents and Hispanic and Latina women were paid on 54 cents. Charts from Fortune illustrate the underrepresentation of minority women in both private firms and public service. There is a term for this – intersectionality – and you can read about it in more detail here. But here is the rub with all this – women make up 51% of the population, so how are we allowing ourselves to be discriminated against especially if there is power in numbers not to mention the purse? Maybe it is because we choose to focus on each other’s differences and not the shared path we have as women in this world. Respecting each other, honoring the different paths we choose to take and supporting one another as women would create a powerful voice.

Consider the Latin concept of  “divide and conquer”  as defined by Wikipedia, and I quote “in politics and sociology (it) is gaining and maintaining power by breaking up larger concentrations of power into pieces that individually have less power than the one implementing the strategy. The concept refers to a strategy that breaks up existing power structures, and especially prevents smaller power groups from linking up, causing rivalries and fomenting discord among the people.” Sound familiar?

Please ask yourself, can we bridge the divide and find our common voice as women? This is the price for having a seat at the table. Every study out there shows that adding diversity makes organizations, companies and even countries stronger so why wouldn’t we want that? Perhaps adopting the military mindset of “no (wo)man left behind” and the familial bond that creates is something we need to consider for the betterment of all of us.

We have some terrific events lined up for you this year and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com

 

Happy Monday!

To begin, the economist Justin Wolfers wrote about the fact that when economic papers are co-authored by women, the women are airbrushed out of the conversation. Business Insider published an article naming 13 women that have had the biggest impact on the theory and practice of economics. The list may be found here.

To add to your reading list, Business Insider also compiled a list of books that inspired the 11 most successful women in the word. The titles may surprise you. The full list may be found here.

From the self-improvement file, a recent Harvard Business Review article noted that self-compassion and mindfulness are the best ways to bounce back from failure. The article includes exercises you can put into practice right now. The full article can be found here.

And from the career advice file, “What you need to stand out in a noisy world” details practical advice to both make yourself more memorable and ensure your true value is recognized. The full article may be found here.

Finally, from the New York Times, one of the reasons the wage gap has proved intractable is the fact that certain jobs are viewed as women’s work and are therefore devalued. When men, especially white men, enter these careers, they are paid more and promoted faster than women. Part of the reason behind this is the fallacy that men are the only ones supporting families and other identity-related ideas that are outdated. The full article can be found here.

Best wishes for a Happy and Healthy New Year to you and yours and we look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com

Kind regards

Christine

Happy Monday!

More than two dozen chief executives of large US companies have signed a pledge to work towards gender parity at the executive level by 2030. One tool they are employing is the use of sponsorship to pair a woman with a senior exec to help with career advancement. Kudos to all the companies that signed the pact. The full article can be found here.

Perhaps the new administration may also want to take note – for the first time since 1993, women and minorities will be completely absent from the Cabinet. This does not make for encouraging reading. The full article may be found here.

Scientists have been studying bias for years. It is something that is ingrained in all of us since homo sapiens spent thousands of years in close-knit communities competing for scarce resources, and threats were more likely to come from people outside one’s group. The good news is that we can overcome our biased instincts if we are able to reflect on our decision-making rather than acting on instinct. The full article can be found here.

Finally, if you are looking for some good viewing over the holidays, Amazon has a series that is a must-watch. Good Girls Revolt is the story of female journalists at Newsweek who banded together to file the landmark gender bias case that paved the way for all professional women. The review may be foundhere.

Best wishes to all of you for a very happy and healthy holiday season. I hope you all get some time off with your loved ones and we look forward to seeing you all at an event in 2017!

Kind regards

Texas Wall Street Women

Happy Wednesday!

To begin, I am pleased to welcome Bianca B. King to our organization as head of marketing and sponsorship development. Bianca is the President and Creative Director of Seven5 Seven3 Marketing Group, and is known for her results driven out-of-the-box marketing approach and strategies. She has been featured in several on- and offline publications, including JET Magazine, One Million Entrepreneurs.com, Brand Maker News.com and the Story Exchange.com. Bianca has also written for several online publications including The Story Exchange.org, Women’s Forum.com and the National Association of Women on the Rise.com. For the past three years, she has served on the board of directors of the Something for Kelly Foundation, a 501c3 non-profit that is working to prevent eating disorders in children 6-12.  With over 17 years of marketing experience and an MBA in eCommerce Marketing, Bianca brings a wealth of knowledge and experience to our organization. Bianca lives in Dallas with her husband, Roy and their dog Kingsley. Please give her a warm welcome to Texas Wall Street Women.

We would also like to thank Heather Sauber for her years of service as she moves on to more and varied projects with her consulting company. It has been a pleasure to work with her over the years and we hope to still see her at our events.

January is the traditional time for New Year’s resolutions, and a recent NY Times article suggests adding a career tune-up to the list of items to focus on. The article covers several areas to focus on including asking for a raise and figuring out how to be happier where you are. The full article can be found here.

One area where the pay and opportunity gap hurts women is in the millionaires and billionaires list. A recent article asks the question, why aren’t there more female billionaires? The full article can be found here.

Given the focus on adding women to boards, the Wall Street Journal recently commissioned a study on 1500 of the largest companies in the Russell 3000. Surprisingly it found 76 public companies that have not had even one female director in the past decade. Some of these firms are in male-dominated fields like energy, but some, including Sketchers and Six Flags serve consumers where voting with your wallet can make a difference. The full article can be found here. The tech industry, known for its fierce talent wars, is making adding women to boards a big priority. The full article can be found here.

Best wishes for a Happy and Healthy New Year to you and yours and we look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com

Happy Wednesday!

I hope this finds you in the midst of an enjoyable holiday season! If you are heading to the movies, Hidden Figures is getting great reviews. It tells the story of a team of African American female mathematicians who played a critical role in helping America win the space race, and their story has been largely overlooked until now. The story is very inspirational for everyone. You may find a review here.

From Forbes, a recent article detailed the need for solid goals to solve gender inequality in the workplace. Women make up over half the total population, and despite earning more degrees, have lost ground in 48 of the 50 highest paying jobs. The full article can be found here.

An article in Bloomberg notes that professional women have the most to lose if barriers to immigration rise in the US. Because we are one of the few developed nations without access to universal childcare for working moms, the availability of low-cost labor has allowed more educated women to subcontract out traditional domestic duties and become productive members of the workforce. The full article may be found here.

Turning to New Year’s resolutions, the Wall Street Journal published a great piece on how to end boring meetings. That is a resolution we can all get behind and keep going through 2017! The full article can be found here.

From the useful career advice file, Julie Bort of Business Insider drew from her two decades of interviewing thousands of successful business people to create a list of the 51 Universal Truths that Will Make You Successful. This is a must read and something to keep referring to regularly especially when the going gets tough. The full article may be found here.

As many of you know, Texas Wall Street Women will have its 9th anniversary this January. We started the organization defining success as reaching several hundred members. Today we are approaching 2,500 members and a fourth chapter is getting off the ground in San Antonio. My husband jokes that this really is a second full time job for me, and I devote time and energy to it because I love all the wonderful people I meet working with you all to support each other and our philanthropy mission. It turns out that all this extra work has actually been good for my health. My mother-in-law recently shared an article with me on how important it is for women to be part of a tribe. The isolation of modern living is very stressful and having a sisterhood, a community of other women around us, gives us the moral, physical, emotional, and mental support we need. The full article can be found here.

Finally, with year-end almost upon us, I hope you will consider the Young Women’s Preparatory Network in your giving plans. Please help us make a difference for the 4,000+ students at the YWPN schools. To learn more about the amazing work they are doing, please click here.

Best wishes for a Happy and Healthy New Year to you and yours and we look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com.

Happy Monday:

To begin, KPMG released its annual Women in Alternative Investments report which always makes for good reading and can be found here: https://home.kpmg.com/us/en/home/insights/2016/12/women-in-alternative-investments-report.html utm_source=external_push_WAI_report&utm_medium=email&mid=M-00002102&utm_content=women_in_alternative_investments_1&utm_campaign=C-00032679&cid=C-00032679   The survey outlines were progress is being made in finance and what would have to happen to close the (rather large) gender gap. If you don’t have time to read the full report, Business Insider did a great synopsis which can be found here: http://www.businessinsider.com/kpmg-annual-study-on-women-in-alternative-investing-2016-2016-12

I would also invite our members to join TXWSW in January in Dallas – KPMG will be presenting the findings of their report and opening a dialogue with attendees regarding the state of the industry. More details about the event may be found here: http://txwsw.com/join-txwsw-dallas-discussion-around-2016-kpmg-women-alternatives-report/

This month the Harvard Business Journal focused on answering the question “where are all the women?” with a series of eye opening articles. The first notes the almost complete absence of female CEOs in the 886 companies surveyed. HBR notes that this cannot just be a case of women leaning out, and that the bigger reason is gender bias – the hiring of a male CEO represents a safer choice. The full article can be found here: https://hbr.org/2016/11/where-are-the-women

The second article details a study of partners at a large law firm and how their political affiliation influenced how they allocated bonus pool funds to men and women. Their findings make for fascinating reading: https://hbr.org/2016/12/do-conservative-managers-give-smaller-bonuses-to-women

Finally from HBR, on the subject of mentorship, a great article to share with all the men in your network: 1) Advice on how men can do a better job mentoring women: https://hbr.org/2016/12/men-can-improve-how-they-mentor-women-heres-how

2) Men who champion women: https://hbr.org/2016/12/the-men-who-mentor-women

Next, Lynn McBee, Executive Director of the Young Women’s Preparatory Network gave a TED talk at SMU recently on the power of all-girls education and the impact the YWPN schools are having on underserved girls across Texas by helping them not only achieve their goal of getting to college, but helping them graduate with a degree. Lynn is nothing short of inspirational herself, so please take 10 minutes out of your day to listen to her talk and understand why TXWSW is so fortunate to collaborate with YWPN: https://www.youtube.com/watch?v=DdWgG-6UheA&feature=youtu.be

Lastly, I want to invite you all to join us on Thursday, March 9th in Dallas for our annual State of the Markets event which supports YWPN. This year, in addition to a line-up of dynamic allocators discussing their investment thesis for 2017, Danielle DiMartino Booth of Money Strong and Dr. Lev Borodovsky of the Daily Shot will join us. You will not want to miss this event! The details can be found here:http://txwsw.com/8th_annual_investment_outlook_panel_state_of_the_market_trends_and_outlook_2017/

Happy Monday:

I hope you all had a wonderful Thanksgiving holiday! The holidays are upon us and we have some great low key ways for you all to celebrate with your fellow TXWSW in December.

To begin, the firm founded by Muriel Seibert, the first woman to hold a seat on the NYSE, was the subject of a sexual harassment lawsuit this week. In a twist, it was a man who stood up against the mistreatment of a female colleague that filed the suit. His claim was that the firm was “being run like a “rowdy teenage boys’ locker room” by a salesman who alleges in a lawsuit he was insulted and threatened after complaining about the behavior.” Kudos to Mr. Corcoran for standing up for his principles. The full article can be found here:https://www.bloomberg.com/news/articles/2016-11-23/firm-founded-by-first-woman-on-nyse-sued-over-frat-culture

Which brings us to the next article from Bloomberg which asks the question, why can’t we stop sexual harassment at work? Read on: https://www.bloomberg.com/features/2016-sexual-harassment-policy/#/  And here is Sallie Krawchek’s take on the subject from Business Insider: http://www.businessinsider.com/sallie-krawcheck-on-gender-bias-in-age-of-trump-2016-11

Huge kudos to Major League Baseball for their commitment to diversity. The MLP had apparently hired Korn Ferry in their efforts to diversify their staff and their efforts failed to produce any substantial candidates, so MLB is moving on to find someone that can help them with their goals. The full article can be found here:http://sports.yahoo.com/news/mlb-wants-more-diversity-so-they-fired-search-firm-korn-ferry-150439894.html

Forbes has also added a column “Self-Made Women” to its home page which reports on successful women across all industries. The reading is truly inspirational. Check it out: http://www.forbes.com/self-made/#199fa602256f

And finally, some career advice – it seems the amount of time we spend on social media can hurt your career. Like anything, it is about balance – we need a social media presence, but constantly checking social media feeds impacts our ability to concentrate and get things done. The full article can be found here:http://www.nytimes.com/2016/11/20/jobs/quit-social-media-your-career-may-depend-on-it.html?_r=0

We have some fabulous events lined up for you so please check out the schedule and register soon! We thank you all for your continued support as we continue to grow and look forward to seeing you all soon! Also, don’t forget to join our Facebook page and private LinkedIn Group both of which give you the opportunity to engage with your members online! Please visit www.txwsw.com to learn more and register for events.

Very kind regards

Christine

Happy Monday:

To begin, there was a great article written for Time Magazine by the CEO of Deloitte, Catherine Engelbert. She notes that women remain the most untapped natural resource in the global marketplace and the benefit of unlocking that resource is economic growth. Her words make for powerful reading: http://time.com/4587281/catherine-engelbert-gender-equality/

And as evidence of how far we have to go, Morningstar notes that female fund managers are a rarity across the globe. This statistic always confounds given the outperformance that women have demonstrated but access to both opportunity and capital remain beyond their grasp. Morningstar’s survey of 26,340 fund managers is one of the most comprehensive I have seen. The full article can be found here: http://www.morningstar.in/posts/38639/female-managers.aspx

In the legal profession, even though women take up nearly half the seats at US law schools, women do not have the same career opportunities as men. Despite the number of women holding law degrees, they account for fewer than 20% of partnerships at law firms and are underrepresented in the ranks of judges, corporate counsel, law school deans and professors. The full article can be found here:http://www.nytimes.com/2016/11/30/business/dealbook/more-law-degrees-for-women-but-fewer-good-jobs.html?_r=0

And if the above two articles have not made an impression, maybe this one will – my readers are familiar with the mommy tax of roughly 4% –  when women have children, their career earnings are derailed even if they don’t take much time off. Well, it seems the penalty for high earning moms is even greater. The penalty climbs to 10% per child. The survey also found that many high-earning moms were shoved out of their jobs versus leaving by choice. Can we say waste of talent and drain on GDP? The full article can be found here:https://www.bloomberg.com/news/articles/2016-12-01/bad-idea-to-have-that-baby-worse-if-you-re-a-high-earner

We have some fabulous events lined up for you so please check out the schedule and register soon! We thank you all for your continued support as we continue to grow and look forward to seeing you all soon! Also, don’t forget to join our Facebook page and private LinkedIn Group both of which give you the opportunity to engage with your members online! Please visit www.txwsw.com to learn more and register for events.

 

Happy Monday:

We have an exciting line up of events planned for you this week. On Tuesday, we have a luncheon in San Antonio that will feature some of the students from the Young Women’s Leadership Academy San Antonio. Join us for lunch, hear their stories and share yours as well. Many of these young women will be first generation college students, so the more women they meet whose experiences they can learn from, the better! Dallas is hosting its annual Casino Night – this is a great fun event and we are grateful to Haynes and Boone for hosting us in their beautiful event space! Lastly, we have our second annual fundraiser luncheon in Fort Worth – come hear from business leaders in the community about how diversity has helped their bottom line. Details of all the events can be found here: http://txwsw.com/events/upcoming-events/

We begin this week with literally landmark news from the world’s largest asset owner: The Japanese Government Pension Investment Fund has joined the 30% club in the UK and the Thirty Percent Coalition in the US. These organizations are using the weight of institutional investors to help achieve the goal of women holding 30% of board seats across public companies. The reason behind their decision? In addition to outperformance based on ROE, “the JPY135 trillion (€1.14 trillion) fund, the world’s largest, said it believed the integration of environment, social and governance (ESG) factors into investment process mitigated investment risk, and gender diversity is widely regarded as one of major social and governance factors.” The full article can be found here: http://moderninvestor.com/news/world-s-largest-asset-owner-makes-landmark-gender-balance-decision/a967891?ref=modern_investor_latest_news_list

On the networking front, two great articles from HBR this week. The first, the title says it all, “Five Misconceptions About Networking. The full article can be found here: https://hbr.org/2016/04/5-misconceptions-about-networking

Finally, a guide to how successful people network with each other to make more efficient use of each other’s time. Read on:https://hbr.org/2016/01/how-successful-people-network-with-each-other

We have some fabulous events lined up for you so please check out the schedule and register soon! We thank you all for your continued support as we continue to grow and look forward to seeing you all soon! Also, don’t forget to join our Facebook page and private LinkedIn Group both of which give you the opportunity to engage with your members online! Please visit www.txwsw.com to learn more and register for events.

Happy Monday:

The Wall Street Journal interviewed Melinda Gates to discuss why their foundation has shifted their focus to gender and how they intend to achieve their goals through a focus on women. To quote: “You empower a woman and you change the world,” Gates tells Brooks. “We know that if a woman is economically empowered inside her family, all kinds of magical things happen.” The full interview may be found here:http://www.wsj.com/articles/melinda-gates-focuses-the-worlds-largest-foundation-on-gender-1478135700

In the 8 years since TXWSW was founded, we have seen nothing short of amazing results from our focus on girls’ education through our partnership with the Young Women’s Preparatory Network. YWPN has come a long way in that time – they are up to 8 schools in the network with over 4,400 students across the state. We hope you will come out this Fall and attend one of our fundraisers, the details of which are below. If you cannot attend an event, we hope you will consider a donation to our girls: http://txwsw.com/give/

Bloomberg published a fascinating article on why job interviews are useless. It seems we trust our intuition far more than we ought to when it comes to hiring decisions, and our biases, unconscious or otherwise get in the way of hiring the best person for the job.  Read on:https://www.bloomberg.com/view/articles/2016-11-04/job-interviews-are-useless

Finally, another article from Bloomberg notes that this election cycle has seen an increase in ‘locker room talk’ on Wall Street. By all accounts, older women note that things are better than they used to be, younger women believe there is still a long way to go. The full article can be found here: http://www.bloomberg.com/politics/articles/2016-11-04/bro-culture-emboldened-as-wall-street-women-endure-trump-effect

We have some fabulous events lined up for you so please check out the schedule and register soon! We thank you all for your continued support as we continue to grow and look forward to seeing you all soon! Also, don’t forget to join our Facebook page and private LinkedIn Group both of which give you the opportunity to engage with your members online! Please visit www.txwsw.com to learn more and register for events.

Very kind regards

Christine

Happy Monday:

To begin, communication is such an essential part of life and a critical component to career success, and it seems speaking while female puts us at a disadvantage. We are more likely to be interrupted and marginalized. Since it is such a common occurrence, women become less likely to speak up and share their opinions unless the group signals it welcomes their voices.  To quote: “When women were outnumbered on a school board, scholars found, 88 percent of the time they spoke in proportions lower than their representation. When men were outnumbered, their participation did not suffer.” The full article can be found here: http://www.nytimes.com/2016/10/27/upshot/speaking-while-female-and-at-a-disadvantage.html

Is the state of the hedge fund industry a reflection of Dr. Scott Page’s thesis that without diversity (read: the differences in how people think), an industry, company or any group really, will not be as productive? The title of a recent Business Insider article alludes to that – “Hedge funds need to stop hiring the same white, male Wall Streeters they always have.” Read on: http://www.businessinsider.com/options-group-on-hedge-fund-talent-shortage-2016-10

From HBR, despite the gender pay gap, the fact that men hold 96% of Fortune 500 CEO positions and 80% of the House and Senate seats, it seems American men are increasingly likely to say they are the ones facing discrimination. Researchers say increasingly men are seeing the move to gender equality as a zero-sum game – namely that if women get ahead, they lose, even if there is no evidence that this is the case. The full article can be found here: https://hbr.org/2016/09/why-more-american-men-feel-discriminated-against?referral=00060

And finally, TXWSW was in the news last week on NBC5 in the DFW market. Many thanks to Mindy Jones for making this happen.  You may watch the clip here: http://www.nbcdfw.com/contact-us/community/Talk-St-633-E-Wall-Street_Dallas-Fort-Worth-398199091.html?_osource=mobilesharebar

We have some fabulous events lined up for you so please check out the schedule and register soon! We thank you all for your continued support as we continue to grow and look forward to seeing you all soon! Also, don’t forget to join our Facebook page and private LinkedIn Group both of which give you the opportunity to engage with your members online! Please visit www.txwsw.com to learn more and register for events.

Happy Monday:

To start, for our attorneys in the group, Ruth Bader Ginsburg wrote an Op Ed titled “Ruth Bader Ginsburg’s Advice for Living” to coincide with the release of her new book. Politics aside, it is amazing to consider that when she entered law school in 1956, women accounted for less than 3% of the legal profession in the US. In the article she details her experience of raising children while attending law school and her best advice for all of us including the importance of respect and collegiality. My other favorite piece of advice is that one of the secrets to a long happy marriage is to “sometimes be a little deaf.” The full article can be found here: http://www.nytimes.com/2016/10/02/opinion/sunday/ruth-bader-ginsburgs-advice-for-living.html?_r=0

PwC just issued the results of its survey on corporate boards. Women represent 1 in 5 board members at S&P 500 companies and PwC surveyed the men on these boards about the importance of adding women. The response in effect was “We don’t see a need.” Apparently the board members surveyed missed the statistics on the improvement in corporate performance that adding women brings. It also sheds light on why this problem is so intractable – if the folks that could add women to boards don’t see a need to do so, then how will it ever happen? The full article can be found here: http://www.businessinsider.com/pwc-survey-many-see-no-need-for-equal-representation-on-boards-2016-10

One way is for investment firms like Trillium, Pax and Arjuna to use their power as shareholders to advocate for diversity. To quote from the article: “This is not only a social justice issue, it’s a business issue,” says Natasha Lamb, director for equity research and shareholder engagement at Boston-based Arjuna Capital. “More diverse teams lead to better financial outcomes.” The full article can be found here: http://www.bloomberg.com/news/articles/2016-10-14/how-three-activist-firms-confront-big-companies-and-prevail

Sexual harassment has been front and center in the news these past few weeks and one article focuses on the cost to women. Nancy Long, a law professor likens it to a tax on opportunity for women. Her logic goes that men are free to seize opportunities that present themselves, but some of these same opportunities can put women in a compromised position. Consider “a business dinner, when drinking gets heavy and the clients start to seem awfully friendly, is it worth staying in the hope that the sale will close and things won’t turn uncomfortable, or worse?” The full article can be found here: http://www.nytimes.com/2016/10/11/business/a-special-tax-on-women-trump-tape-is-a-reminder-of-the-cost-of-harassment.html

Finally, from the bad news file, the UN just rejected 7 female candidates trying to become the first female president of the organization. Many countries this year advocated for a female president as a way to lead by example on the subject of gender equality but it was not to be. However, as a way to promote women and girls, it chose the cartoon figure Wonder Woman as its mascot. I have no words, well printable ones anyway. The full article can be found here: http://www.nytimes.com/2016/10/13/world/americas/wonder-woman-united-nations.html

We have some fabulous events lined up for the Fall so please check out the schedule and register soon! We thank you all for your continued support as we continue to grow and look forward to seeing you all soon! Also, don’t forget to join our Facebook page and private LinkedIn Group both of which give you the opportunity to engage with your fellow members online! Please visit www.txwsw.com to learn more and register for events.

 

Happy Monday:

We start with an article from the Wall Street Journal with an excerpt from the book “Earning it: Hard-Won Lessons from Trailblazing Women at the Top of the Business World.” The article shares stories from Xerox’s Anne Mulcahy and GM’s Mary Barra about their paths to the top. The takeaway was that these women had both bad jobs and bad bosses and those experiences shaped them into great leaders. The full article can be found here: http://www.wsj.com/articles/how-women-ceos-overcame-bad-jobs-bad-bosses-1476615782

Big law firms have been in the news lately. One survey shoes a 44% pay gap between male and female partners. The reason given is that men are better at bringing in new business. This reasoning underscores the need for a robust network as one of the keys to career success. The full article can be found here:http://www.nytimes.com/2016/10/13/business/dealbook/female-law-partners-earn-44-less-than-the-men-survey-shows.html?_r=0

Next, leading NY law firms lag in diversity. According to one survey women make up just 19% of the big firm’s partners. The full article can be found here: http://www.nytimes.com/2016/10/17/business/dealbook/leading-new-york-law-firms-lag-women-and-minorities-diversity.html

HBR presented its annual list of the best performing CEOs and noted a distinct absence of female candidates, not because the women CEOs underperformed, but because among the 886 companies studied to produce the list, just 28 or 3% were led by women. I would note that two of the three women made the top performers list. The full article can be found here: https://hbr.org/2016/11/where-are-the-women

Finally, a great article that outlines a novel way to secure your first mentor – cold calling! This technique can work at any stage of your career and is brilliant for its simplicity. The full article can be found here: http://www.wsj.com/articles/how-to-cold-call-your-future-mentor-1476813053

We have some fabulous events lined up for the Fall so please check out the schedule and register soon! We thank you all for your continued support as we continue to grow and look forward to seeing you all soon! Also, don’t forget to join our Facebook page and private LinkedIn Group both of which give you the opportunity to engage with your members online! Please visit www.txwsw.com to learn more and register for events.

Happy Tuesday:

I held the blog for today’s special section in the Wall Street Journal on women in the workplace. The series of articles covers a wide variety of topics and there is a lot of worthwhile reading. Some of my favorites include:

How men and women see the workplace differently: http://graphics.wsj.com/how-men-and-women-see-the-workplace-differently/

Women of color hit a concrete ceiling in business: http://www.wsj.com/articles/women-of-color-hit-a-concrete-ceiling-in-business-1474963440

How companies are different with more women in power: http://www.wsj.com/articles/how-companies-are-different-when-more-women-are-in-power-1474963802

How to be heard as a woman at work: http://www.wsj.com/articles/how-to-be-heard-at-work-as-a-woman-1474963201

How ClifBar’s onsite child care is paying off for employees: http://www.wsj.com/video/on-site-child-care-it-paying-off-at-clif-bar/8C5769A3-743E-42CE-9BF5-127B817E1069.html

The link to all the articles may be found here: http://www.wsj.com/specialcoverage/women-in-the-workplace

We have some fabulous events lined up for the Fall so please check out the schedule and register soon! We thank you all for your continued support as we continue to grow and look forward to seeing you all soon! Also, don’t forget to join our Facebook page and private LinkedIn Group both of which give you the opportunity to engage with your fellow members online! Please visit www.txwsw.com to learn more and register for events.

 

Happy Monday:

Huge thanks to Patricia Dundee of TD Securities, Lissa Gangjee of Sentinel Trust and Lynn Mathre of Asset Management Advisors for sharing their time and expertise with us at Houston’s third annual C-Suite Dinner last week. For those of you that have never attended a C-Suite event, the format is a lovely dinner with each table hosted by a woman who has made it to the C-Suite and is willing to share her time and advice on how she made it there. It is one of my favorite events of the year and something every member should try to attend.

On the topic of women supporting women, New York Magazine published an article detailing the strategy the female White House staffers used to make sure they were heard using an amplification strategy. Basically, when a woman would make a key point, another woman would repeat it giving credit to the author. “This forced the men in the room to recognize the contribution and denied them the chance to claim the idea as their own.” The full article can be found here: http://nymag.com/thecut/2016/09/heres-how-obamas-female-staffers-made-their-voices-heard.html

From Inc. Magazine, the article’s title says it all – 8 Brilliant Tricks that Will Make You a Master at Networking – even if you hate networking. The full article can be found here: http://www.inc.com/elle-kaplan/8-brilliant-ways-to-successfully-network-with-anyone.html

And just why does networking matter? A Business Insider article exploring the topic of why there are so few women in hedge funds and in the financial industry in general noted that most hedge funds (and finance jobs) are found via word of mouth. Bottom line? If you are waiting until you are in the midst of a job search to build a network, you will most likely miss the plum assignments. The full article can be found here: http://www.businessinsider.com/this-is-why-hedge-funds-have-few-women-investing-for-them-2016-8

A BBC article postulates that men’s dominance in the workforce may be because they have developed better skills at making up with enemies after a conflict. This trait was first observed in male chimpanzees. The article makes for fascinating reading:http://www.bbc.com/news/science-environment-36969103

Finally, one of the best TED talks I have ever seen is Amy Cuddy’s 15-minute talk on body language and how it shapes your personality. This is a must watch for anyone who has to communicate with another person. Seriously. The presentation can be found here:https://www.ted.com/talks/amy_cuddy_your_body_language_shapes_who_you_are

We have some fabulous events lined up for the Fall so please check out the schedule and register soon! We thank you all for your continued support as we continue to grow and look forward to seeing you all soon! Also, don’t forget to join our Facebook page and private LinkedIn Group both of which give you the opportunity to engage with your fellow members online! Please visit www.txwsw.com to learn more and register for events.

Happy Monday:

To further debunk the myth that women are just not suited for math, I wanted to share with you a new book (and soon to be a movie) about the black women who were a critical and integral part of the NASA team that put the first man on the moon. Their stories have been largely untold until now and make for inspirational reading. The full article can be found here: http://www.nytimes.com/2016/09/06/books/on-being-black-female-math-whizzes-during-the-space-race.html

A reader shared the next article with me. Rachel Thomas has worked in technology her whole career and writes a blog on what it is like to be a woman in a very male dominated industry. Her latest post has some concrete steps companies can take if they are serious about improving the diversity of their workforce. Read on:https://medium.com/tech-diversity-files/donations-and-women-in-tech-panels-are-not-a-diversity-strategy-do-better-c3c51022a916#.2logcmdoy

A new poll from Pew research noted that more than half of men think sexism is a thing of the past and only a third of women agree with that statement. Their research further went on to demonstrate that bias can take both obvious and not-so-obvious forms. Case in point, parents protecting little girls from risk taking. It seems that similar behavior extends to the workplace when it comes to challenging assignments. Often managers steered those assignments to men in an effort to ‘protect’ women. While there are good intentions behind the behavior, it actually has a detrimental effect on women’s’ careers making it harder for them to advance. The full article can be found here: https://hbr.org/2016/09/stop-protecting-women-from-challenging-work

And finally on the whole burkini controversy going on in Europe, the headline from a Washington Post Op-ed gives a clear solution to the problem: “Men: Stop telling women what to wear.” The full article can be found here: https://www.washingtonpost.com/news/opinions/wp/2016/08/24/men-stop-telling-women-what-to-wear/?utm_term=.e042dad9adf4

We have some fabulous events lined up for the Fall so please check out the schedule and register soon! We thank you all for your continued support as we continue to grow and look forward to seeing you all soon! Also, don’t forget to join our Facebook page and private LinkedIn Group both of which give you the opportunity to engage with your fellow members online! Please visit www.txwsw.com to learn more and register for events.

Very kind regards

Christine