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Happy Monday:

To begin, a great article from the NY Times and the title says it all – “Why Workplace Equality Needs Men Too.” Author Peggy Klaus notes that while all female events are important to build a supportive network and learn new skills, having men in the room when it comes to issues like the gender pay gap and expanding roles and opportunities for women and minorities, men also need to be at the table. The full article can be found here: http://www.nytimes.com/2016/08/14/jobs/sisterhood-is-not-enough-why-workplace-equality-needs-men-too.html

Eighteen months ago, Intel announced its commitment to improving diversity, and sadly after 18 months they have little to show for it in spite of pledging $300 million over 5 years to address the problem. The full article can be found here:http://www.wsj.com/articles/diversity-at-intel-is-a-work-in-progress-1470864308

Last week, Carlyle named Sandra Horbach as co-leader of their buyout arm. Ms. Horbach also has the distinction of being the first female partner at a major American private equity firm. The full article can be found here:http://www.nytimes.com/2016/07/28/business/dealbook/carlyle-names-sandra-horbach-co-leader-of-buyout-arm.html?_r=0

The Wall Street Journal examines the extra pressures that female CEOs face. Because their ranks are so thin, they face additional scrutiny that men avoid. Case in point Marissa Mayer at Yahoo – when Ms. Mayer inherited the company there had been almost too many missteps to count and it would have taken a literal miracle to turn that ship around, however, since she was the last one at the helm, the majority of the blame is being heaped on her shoulders. The full article can be found here:http://www.wsj.com/articles/female-ceos-still-a-rarity-face-extra-pressures-1470750908

And finally from the UK, a temporary worker helped to overturn a decades old employment law that allowed companies to require women to wear high heels and makeup as part of a corporate dress code. Said another way, before the law was overturned in 2016, a professional woman could be sent home from her job for not wearing heels. Read on:http://www.telegraph.co.uk/news/2016/05/12/firm-accused-of-sexism-in-high-heels-row-forced-to-change-its-dr/

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:

Lots of news today so I will jump right in starting with Dallas Employees Retirement Plan. As I have commented on before, CIO Cheryl Alston has come up with a unique program to give emerging managers access to ERF thereby helping her identify new talent. I wanted to share with you that Dallas ERF is hosting its quarterly open house on Thursday, September 15th in Dallas.  We have two great speakers, Sylvia Bell, Managing Director of Emerging Manager program from Texas Teachers and Andrew Junkin, President of Wilshire Associates. Details can be found here: https://www.dallaserf.org/events/next-generation-managers-seminar

TXWSW’s very own Danielle Di Martino Booth has announced her new book to be published on February 14, 2016. Aptly titled, “Fed Up” Danielle shares stories from her 9 years at the Dallas Fed. This is a must read: https://www.amazon.com/Fed-Up-Insiders-Willful-Ignorance/dp/0735211655

Last week Massachusetts struck a blow against the gender gap by banning employers from asking for salary histories. This should serve to level the playing field for women and minorities by allowing them to negotiate their salary based on the experience they bring to the table and not what they have been paid in the past. Read on: https://thinkprogress.org/massachusetts-becomes-first-state-ever-to-ban-employers-from-asking-for-salary-histories-3dd99768f8fe#.xdz0vvixi

The American Bar Association has an historic vote on establishing a nationwide standard prohibiting harassment and discrimination among lawyers. The rule has been criticized by some for restricting freedom of speech in the courtroom, however, as officers of the court, is having a standard of behavior that prohibits harassment and discrimination too much to ask? The full article can be found here: http://www.nytimes.com/2016/08/05/business/dealbook/sexual-harassment-ban-is-on-the-abas-docket.html

And moving to the media, the high profile cases against Bill Cosby and Roger Ailes have given more women the courage to speak up against harassment and discrimination. Many of you will remember the Anita Hill hearings – he said/she said that went in circles – well actually there were two ‘shes’ and if the other one had been allowed to testify the whole outcome may have changed. History shows that harassment is a pattern – if someone is harassing you then you are likely not the only one. The full article can be found here: http://www.nytimes.com/2016/08/08/business/media/after-ailes-and-cosby-a-moment-for-more-women-to-speak-up.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=mini-moth&region=top-stories-below&WT.nav=top-stories-below

OCIO Magazine did an update on its diversity study of the asset owning community. Bottom line, diversity numbers have not improved. To quote” most large public pension CIOs are still white and male, while black and Hispanic CIOs continue to be wholly absent from the biggest endowments.” The full article can be found here: http://www.ai-cio.com/lists/50-things-that-matter.aspx?index=20

The Brookings Institute takes up the Federal Reserve’s striking lack of diversity and why it matters. The full article can be found here: https://www.brookings.edu/opinions/the-feds-striking-lack-of-diversity-and-why-it-matters/

Finally, from the Olympics, women still lag men in the number of events and medal opportunities which is an issue because oftentimes the Olympics are the one place that women have an opportunity to shine (read: make a name for themselves). The full article can be found here: http://www.wsj.com/articles/at-the-rio-olympics-women-athletes-bump-against-a-gold-ceiling-1470425132

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:

The World Economic Forum posted two articles worth reading – the first “How 3 Female Leaders Dealt with Sexism” recounts the stories told to them by Indyra Nooyi, CEO of Pepsi, Drew Faust, President of Harvard and Christine Lagarde, Head of the IMF. The full article can be found here: https://www.weforum.org/agenda/2016/04/it-s-a-man-s-world-sweetie-how-3-female-leaders-dealt-with-sexism/

The second article takes on the stubborn gender pay gap. Reasoning goes that women are found in occupations that pay less than men, but the WEF study found that women are paid less than men for doing the same job – particularly in higher paying fields like engineering. One twist in the story, the study found, is that when more women move into a career field, the overall pay for that job goes down, so this is a problem that starts at the top. The full article can be found here:  https://www.weforum.org/agenda/2016/04/the-simple-reason-for-the-gender-pay-gap-work-done-by-women-is-still-valued-less/

From the good news file, Leda Braga was just named to Institutional Investor’s annual list of richest hedge fund managers – and with good reason. Her fund was up 6.4% through April 8th. Read on:  http://www.businessinsider.com/leda-braga-systematica-hedge-fund-rich-list-2016-5

Nicholas Kristof wrote a brilliant op ed in the NY Times this weekend and the title says it all “When Women Win, Men Win Too.” In his piece he details all the professions where adding women has had a positive impact – for example, adding women to the police force resulted in fewer domestic violence killings. An economist at MIT notes that discrimination harms not only its victims but all of society. The full article can be found here: http://www.nytimes.com/2016/07/31/opinion/sunday/when-women-win-men-win-too.html?_r=0

Many of you have written in asking why I did not touch on the Roger Ailes/ Fox News scandal last week. I think it is so beyond reason that a man can have created such a toxic culture of sexual harassment and intimidation for decades and get paid a $60 million exit bonus instead of facing prosecution that it is not worth commenting on. The positive fallout from this is that when a top advertising executive made dismissive comments about gender diversity, he was placed on leave in short order – perhaps all of this poor behavior is finally becoming a liability. Read on: http://www.nytimes.com/2016/08/01/business/publicis-ad-executive-sidelined-by-gender-diversity-comments.html

And finally, a new survey found that women entrepreneurs are able to start businesses with half as much money as their male counterparts. The upshot? “Women have been doing more with less since the dawn of time.” The full article can be found here:http://nymag.com/thecut/2016/07/women-entrepreneurs-need-half-the-money-men-do.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 Doug Hayne’s astute comment that a lack of diversity is to blame for the hedge fund industry’s well-documented performance problem. To use his words, “Our lack of performance is related to sameness.” We can direct Mr. Hayne to Dr. Page’s work for the mathematical reasons why that is so. The full article can be found here: http://www.businessinsider.com/hedge-funds-would-profit-from-diversity-point72-president-says-2016-7

Forbes had a ton of great articles this week that are all worthwhile reads. To begin, commenting on Jennifer Aniston’s piece in the Huffington Post, Carrie Kerpen takes on the subject of how important a woman’s appearance is to her success in business. In an informal survey she did, it took men 1/5 the amount of time to get ready in the morning as compared to women. When you add that on to all the other things we have to do, no wonder women always feel like they are starting behind. Read on:http://www.forbes.com/sites/carriekerpen/2016/07/21/the-biggest-disadvantage-women-face-in-business-today/#5435a675673f  We are all aware that financial institutions, after years of ignoring us, have decided that women are a key niche to focus on. This article focuses on all the ways that they are failing in their efforts – mainly by making some erroneous assumptions. The full article can be found here:http://www.forbes.com/sites/financialfinesse/2016/07/17/the-financial-industry-is-still-failing-women/#181968b322d0 And my favorite from the group, written by a 24 year FBI veteran, 9 things successful women never do is a must read:http://www.forbes.com/sites/womensmedia/2016/07/20/9-things-successful-women-never-do/#251dbef9285c

Turning now to Fortune which also had a great series of articles this week – the first “Why Women Should Stop Trying to Be Like Men at Work” debunks a lot of the old advice that just does not work for women over the long term of their careers. One of my favorites? “Use your position to make the world more welcoming to women.” For those that think this is not important, please re-read the first paragraph above. The full article can be found here: http://fortune.com/2016/07/24/women-in-business-advice-success/  Next, Rudder Finn CEO Kathy Bloomgarden shares her perspective on what women get wrong in working in male dominated industries. The full article can be found here: http://fortune.com/2016/07/11/women-in-business-success-career-advice/

And finally from HBR, they explore the topic “How Your Morning Mood Affects Your Whole Workday.” The full article can be found here: https://hbr.org/2016/07/how-your-morning-mood-affects-your-whole-workday

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

Happy Monday:

Institutional Investor finally explores Dr. Scott Page’s work on the value of diversity when it comes to building more effective investment teams. Those of you who have read Dr. Page’s work will know that building successful teams is not just about bringing together personality types, gender and race matter because of the truly different perspectives people bring to the team. The full article can be found here: http://www.institutionalinvestor.com/blogarticle/3570881/Blog/The-Value-of-Cognitive-Diversity-in-Building-Investment-Teams.html?LS=EMS1294815&utm_medium=email%20alerts&utm_campaign=Asset%20Management%20Daily%20%2D%20Alternatives%202013&utm_content=2016_07_18&utm_source=ems%20email#.V4z0NjU0DIE

From the field of law, Faiza Saeed becomes the first woman to take the helm of Cravath, Swiane and Moore. Among the nation’s 200 largest law firms, only 3 have female managing partners as of 2015. Maybe Dr. Page’s book should be required reading in law school. The full article can be found here: http://www.nytimes.com/2016/07/14/business/dealbook/faiza-saeed-to-become-first-woman-to-lead-cravath-swaine-moore.html

In medicine, the pay gap is alive and well. In one of the largest surveys of the medical field, women were paid up to $51,000 less than their male colleagues. When isolating the survey to physicians from some of the nation’s most prominent medical schools, the gap was $20,000, and widened as time went on. The full article can be found here: http://www.nytimes.com/2016/07/12/health/women-doctors-salaries-pay-gap.html?_r=0

And finally from Inc., a great article with networking tips that will help you master networking even if you really hate it. Read on: http://www.inc.com/elle-kaplan/8-brilliant-ways-to-successfully-network-with-anyone.html

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.

Greetings:

I changed my normal salutation today in light of the events in Dallas and around the country last week. Our thoughts and prayers are with all of the victims and their families. My hope is that we look back at last week as a watershed moment when our country begins to work on solving our problems and not back to business as usual with all the bickering in Washington on both sides of the aisle.

To begin, a reader shared with me a very disturbing paper detailing who actually pays for white collar crime. Hint: It is not white men, who by the way are the most frequent perpetrators of white collar crime. The full paper may be found here: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2801622

The second article is one of the most powerful I have read in a long time mainly because it was written by a man. It sums up the everyday sexism that women encounter on Wall Street and how it undermines their careers. If you read no other article this week, please make time for this one and share it far and wide. The full article may be found here:http://www.nytimes.com/2016/07/10/opinion/sunday/how-wall-street-bro-talk-keeps-women-down.html?_r=0

From HBR, with roughly 20 female CEOs running Fortune 500 companies, none of these women are black. This is spite of the fact that black women are nearly three times more likely than white women to aspire to a position of power. So why the disconnect? Read on: https://hbr.org/2016/07/getting-more-black-women-into-the-c-suite

Finally, also from the HBR, leaders are judged on two qualities – competency and confidence. Women are often cited for a lack of confidence as an area they need to work on. And it seems that the key for women to come across as confident is to exude warmth. The full article can be found here: https://hbr.org/2016/07/to-seem-confident-women-have-to-be-seen-as-warm

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 Tuesday:

To follow on last week’s theme of women helping women, Sheryl Sandberg is now taking on the myth of the catty woman. Popular opinion holds that the biggest enemy of women is a powerful woman, but the statistics say that is not true. “When strategy professors studied the top management of the Standard & Poor’s 1,500 companies over 20 years, they found something that seemed to support the notion. In their study, when one woman reached senior management, it was 51 percent less likely that a second woman would make it. But the person blocking the second woman’s path wasn’t usually a queen bee; it was a male chief executive. When a woman was made chief executive, the opposite was true.” The full article can be found here:http://www.nytimes.com/2016/06/23/opinion/sunday/sheryl-sandberg-on-the-myth-of-the-catty-woman.html?_r=0

Kathleen Kennedy Townsend (yes, that Kennedy family), she reflects on her political career and the almost rabid focus on her appearance versus her policies as a way to distract the discussion away from actual important topics. This phenomenon is also found in other areas and her take on it is an interesting one. Recall the fuss about Janet Yellen’s re-wearing of the same suit in a month. Read on: http://www.nytimes.com/2016/07/03/opinion/campaign-stops/what-should-a-powerful-woman-look-like.html?_r=0

From the halls of academia, family friendly policies have actually backfired in their intent giving an edge to male professors:  http://www.nytimes.com/2016/06/26/business/tenure-extension-policies-that-put-women-at-a-disadvantage.html

And lastly, from Forbes, tips for women to extend their careers beyond the traditional retirement age:http://www.forbes.com/sites/nextavenue/2016/07/03/5-tips-to-help-women-work-longer/#30eea9953156 This trend benefits both the professional women and their employers.

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:

Last week saw the launch of Sheryl Sandberg’s campaign, Lean In Together. The idea behind it is if women stick together and support one another, there is nothing we cannot accomplish. We are after all 51% of the population. Read on: http://www.indiewire.com/2016/06/lean-in-together-video-emma-watson-lena-dunham-kerry-washington-1201699527/ And please take a moment to watch the video! http://leanin.org/

Following up on that, Sandberg launched a training program at Facebook to help employees identify their own biases in order to make them more effective in their roles. The full article can be found here: http://www.wsj.com/articles/facebook-will-train-employees-to-spot-their-own-political-bias-1466714677

Kudos to Danielle Ginach of Sonen Capital for calling out one of her fellow shareholders for addressing Ruth Porat as ‘lady CFO’ when addressing a question to her at the annual meeting. In Ms. Ginach’ s own words: “I am sorry to put another shareholder on the spot. But Ms. Porat is the CFO, not the lady CFO.” The full article can be found here: http://www.usatoday.com/story/tech/news/2016/06/08/google-alphabet-annual-meeting-lady-cfo-sexist-comment-shareholder/85614080/

Next, a Bloomberg article spells out the hidden cost for stay-at home parents. Unlike most financial decisions, the financial toll for taking time off to care for a child is largely hidden. According to the study “a hypothetical 26-year-old female worker with a salary of $44,000 a year would lose about $706,778 in lifetime income from taking five years off to care for a child.” The full article can be found here: http://www.bloomberg.com/news/articles/2016-06-21/the-hidden-cost-for-stay-at-home-american-parents

Lastly, from the Harvard Business Review, which by the way does a great job of reporting on women in the workplace; the title of this article says it all “Women Need Mindfulness Even More than Men Do.” Bottom line? Because women are often multi-tasking, introducing mindfulness as a practice can improve our performance. Sounds like a great topic for a TXWSW event! The full article can be found here: https://hbr.org/2016/06/women-need-mindfulness-even-more-than-men-do

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

Happy Monday:

We start with a fascinating article from Bloomberg on a magnificently simple way to add alpha to your portfolio – it turns out that by running a simple screen for companies that are in the top half of the S&P500 in terms of women’s representation on boards, management and workforce generates a portfolio of 20 companies that outperformed the S&P 500 by 141% over the past ten years. Yes, you read that correctly. 141%. The full article can be found here:http://www.bloomberg.com/news/articles/2016-06-16/a-gender-focused-strategy-beat-the-s-p-500-by-141-percent

Which brings us to a WSJ article based a Catalyst study revealing that the process of adding women to boards is still glacially slow. Women still hold less than one-fifth of board seats in the US. Maybe someone needs to share the results from the Bloomberg outperformance study with these CEOs. The full article can be found here: http://www.wsj.com/articles/another-study-shows-little-progress-getting-women-on-boards-1465876862 We can start with the owners of Burger King who recently rejected a proposal that would require a clear plan to add women to the company’s all male board:http://www.bloomberg.com/news/articles/2016-06-09/burger-king-s-shareholders-reject-pledge-to-add-women-to-board

From the Harvard Business Review, one article explores the leadership styles between men and women and found that on average, women made bolder leaders than men and especially so in male dominated fields. The full article can be found here: https://hbr.org/2016/04/do-women-make-bolder-leaders-than-men

Another article from HBR explores what women’s careers look like in their fifties with the mid-life stresses and child rearing behind them. Bottom line? “For the smart, innovative employers, the silver decades may yield gold.” Read on: https://hbr.org/2016/04/what-work-looks-like-for-women-in-their-50s

And lastly, professional women are often asked about their work life balance while that question is rarely posed to men. In a turnabout, the Wall Street Journal asked 25 male CEOs to share their stories after all, family and life balance are not women’s issues, they are human issues. The full article can be found here: http://www.wsj.com/articles/male-ceos-tell-us-their-work-life-rules-1465896602

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:

The Harvard Business Review published an article on a study that took an updated look at women’s careers over their lifetime. While women’s work histories are still diverse, for the first time, the majority of women, beginning with Baby-Boomers, worked full time across adulthood and a big portion of women returned to the workforce when their children got older. In spite of these statistics, there is still suspicion on the part of employers about women’s commitment to work especially when they have children. The study shows a real need to move away from outdated prejudices about women in the workforce. These statistics also imply that women have less ‘choice’ about working meaning that when their options are narrowed career-wise based on outdated thinking, it can create economic hardship. The full article can be found here: https://hbr.org/2016/06/what-do-womens-career-paths-really-look-like

This week the papers have been filled with the Stanford rape case. For those of you that missed it, a Stanford undergraduate and swimmer raped an unconscious woman behind a dumpster. He was stopped by 2 graduate students riding by on bicycles, one of whom was crying when he shared the story with police. After the trial, the undergraduate was convicted of three counts of felony rape, however, the judge decided that the rapist had suffered enough and only sentenced him to six months in jail. After the sentencing, the rape victim read a statement in court that has gone viral, and if you have not read it, I would encourage you to do so. I believe her statement has helped raise public awareness as to what the crime of rape really is. Rape is not he said/she said – it is a depraved violent act and deserves to be punished as such. The public outcry on behalf of the victim has been heartening and a good step forward in helping more victims speak up. Apropos of that, there was an article in the NY Times that details one woman’s journey through a lifetime of unwanted leers and how to address this issue with her daughter. The full article can be found here:  http://www.nytimes.com/2016/06/05/opinion/sunday/what-does-a-lifetime-of-leers-do-to-us.html

From Institutional Investor, Fran Denmark explores the topic of why there are still so few women in hedge funds. Bottom line? Bias, culture and a harsh business climate keep women on the sidelines. The full article can be found here: http://www.institutionalinvestor.com/article/3561018/asset-management-hedge-funds-and-alternatives/women-still-struggle-to-break-into-hedge-funds.html

The Wall Street Journal published an interview with Susan Hirsch, manager of the $3.6 billion TIAA CREFF large cap growth fund discussing both the lack of women on Wall Street and the paltry number of female portfolio managers. She shares her war stories and her hopes for the situation to change in the future. The full article can be found here: http://www.wsj.com/articles/wall-street-pioneer-hopes-more-females-will-emerge-1465178522

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

Happy Monday:

Forbes has compiled a list of the richest self-made women in America. Read on and prepared to be inspired: http://www.forbes.com/self-made-women/#23d088c94177

From the UK, Citywire took up the question as to why, if women managers outperform men based on certain metrics, so little capital is allocated to them. A quote from the article sums it up: “The experiment is even more arresting. Participants were asked to split a certain amount of money between two index funds. The only difference between the two trackers presented to the individuals was that one had a manager with a male name and the other had a female manager’s name. The subjects invested ‘significantly less’ into the index fund if it had a woman’s name attached to it. ‘The effect is mainly driven by male subjects, while female subjects do not seem to be biased,’ Niessen-Ruenzi and Ruenzi highlighted.” The full article can be found here: http://citywire.co.uk/money/do-investors-dislike-women-fund-managers/a915061

Next, two articles that look at a woman’s work, compensation and how it plays out in her lifetime. The first article looks at John Maynard Keynes’ prediction that by 2030, people in wealthy nations would only be working 15 hours a week. Obviously it is not turning out that way with current estimates at 34-47 hours per week, although digging into those numbers, older people, men ages 25-54, and teenagers are working fewer hours than Keynes forecasted, and it seems that those hours are being made up by women. The full article can be found here: http://www.nytimes.com/2016/06/05/upshot/more-time-to-unwind-unless-youre-a-woman.html  The second article looks at how the gender pay imbalance is negatively impacting women in retirement with an average monthly check of around $1,300 because their lifetime earnings were negatively impacted by time off to raise children or care for aging parents. The full article can be found here:  http://www.nytimes.com/2016/06/04/your-money/for-many-women-adequate-pensions-are-still-a-far-reach.html?_r=0

And finally, from Fortune, Sallie Krawcheck takes on the subject of why women don’t help each other in the workplace and why it is imperative that we start. The full article can be found here: http://fortune.com/2016/05/23/sallie-krawcheck-helping-women/

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!

Happy Tuesday!

I hope you all enjoyed the long holiday weekend and were able to have time off with your friends and family.

To add to your summer reading list, two of the first four women ever admitted to Harvard’s MBA program back in 1970 wrote a survival guide for women in business. Much of their advice including having a strong network and speaking up still ring true today. The full article can be found here: http://www.forbes.com/sites/shelliekarabell/2016/05/14/10-commandments-for-women-in-leadership/2/#6dbf437651c7

The NY Times did a follow up article 20 years after the landmark boom-boom room sexual discrimination lawsuit to see how things have changed from women on Wall Street. The short answer? Not much. The full article can be found here: http://www.nytimes.com/2016/05/23/business/dealbook/decades-after-boom-boom-room-suit-bias-persists-for-women.html?_r=0

It turns out bias is not limited to Wall Street – it seems the Supreme Court also doles out the favor of ‘friend of the court’ chits to predominately white men. A recent Cornell study showed that while women presented 23% of the arguments over the period, only 10% of appointments went to women, and only 5% of the invited lawyers appeared to be black or Hispanic. Read on: http://www.nytimes.com/2016/05/17/us/politics/when-appointing-friends-of-court-justices-are-friendliest-toward-white-men.html

As you know, Europe has taken the lead with instituting quotas to get women on boards. Britain is now facing this issue and disappointingly from the Economist, they are pushing back against these laws saying quotas are introducing less-qualified female board members to the ranks and thereby endangering shareholder value. This becomes like a chicken and egg situation – if cronyism and bias are alive and well even in the face of evidence which shows diversity benefits performance, then what is the path forward? The full article can be found here: http://www.economist.com/node/15661734

And finally, from the WSJ, we all know that women are punished for assertiveness, however, apparently, when women do it through non-verbal means, they are not. It is not a long term solution to bias, but good information nonetheless. The full article can be found here: http://www.wsj.com/articles/the-price-women-leaders-pay-for-assertivenessand-how-to-minimize-it-1464660240

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!

Happy Monday:

In the news lately is the question of how women should handle a gap in their resumes if they take time out to raise a family. The current advice flies in the face of conventional wisdom – women who spoke up about taking time off to raise their families were 30-40% more likely to be hired than those that did not. The full articles can be found here: http://www.bloomberg.com/news/articles/2016-05-23/stop-telling-women-to-shut-up-about-their-kids-during-job-interviews  and http://www.nytimes.com/2016/05/20/business/economy/a-child-care-gap-in-the-resume-whether-to-explain-or-not.html?_r=0

Last week the Wall Street Journal did an updated report on the pay gap and apparently the better educated women are and the higher up a woman climbs in the ranks, the larger the pay gap. One study showed that 10 years after graduating with a University of Chicago MBA, those women earned 57% of their male classmates. The full article can be found here: http://www.wsj.com/articles/women-in-elite-jobs-face-stubborn-pay-gap-1463502938

 

From the other intractable problem file, the push to add minorities and women to corporate boards has yet to yield real results. The article noted that board members are selected from pools of prior CEOs and since diversity there is slim, boards are adding to their ranks from the same narrow talent pool. The full article can be found here: http://www.nytimes.com/2016/05/17/business/dealbook/corporate-boards-minorities-women.html

NBC news reported that American 8th grade girls on average scored better than their male peers in technology and engineering literacy tests – so one could draw the conclusion that the lack of women in technology is not about aptitude and more about barriers to entry. The full article can be found here: http://www.nbcnews.com/tech/tech-news/girls-beat-boys-eighth-grade-tech-engineering-literacy-tests-survey-n575506

Finally some good news out of Europe – Muirfield Golf Club recently voted against allowing female members, and because of that, the club has been stripped of the right to host the British Open. For those who are not golfers, Muirfield holds a special place in golf history as the source of the written rules of golf dating back to 1744. Kudos to the British Open for standing up for their principles and leaving history in the past:http://www.nytimes.com/2016/05/20/sports/golf/muirfield-golf-club-british-open-female-members.html

In France, women are taking a stand against the ‘law of silence’ around sexual harassment.  According to an official report in 2014, one in five women in France will be a victim of sexual harassment during their career. To raise awareness of the issue, 17 French politicians have written an open letter saying they will no longer endure sexual harassment from their colleagues. The full article can be found here: http://time.com/4338698/french-women-politicians-sexual-harassment/

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!

Happy Monday:

From the good news file, Bloomberg reported that Safra Catz became the highest paid female executive when she became co-CEO of Oracle. The full article can be found here: http://www.bloomberg.com/news/articles/2016-05-16/oracle-s-catz-becomes-top-paid-female-executive-with-57-million

Which brings us to an HBR article that shows that for certain skill sets, the gender pay gap is beginning to reverse and women are actually paid a premium.  These women are obviously in the minority, but it is progress nonetheless. The full article can be found here: https://hbr.org/2016/05/the-factors-that-lead-to-a-pay-premium-for-women

Also from the HBR, a new study shows that one of the things holding women back is less specific feedback at annual review time. Men are more often given clear guidance on what they are doing well and what specific steps they need to take to make it to the next level. Not so for women, so in your next review, it is a good idea to seek out constructive useful feedback. The full article can be found here: https://hbr.org/2016/04/research-vague-feedback-is-holding-women-back

Finally, to add to your summer reading list, the New York Times reviewed Therese Huston’s book How Women Decide. The book explores the double standard “when it comes to how men and women are perceived as decision-makers, and those differences can hamper much more than a woman’s career.” The book illustrates how stereotypes about women lead to situations where we are trapped and cannot come out ahead no matter what we do, in other words, darned if we do and darned if we don’t. The fact that there is enough material on this subject to fill a book speaks volumes about the issue (pun intended). The full article can be found here: http://www.nytimes.com/2016/05/15/books/review/how-women-decide-by-therese-huston.html

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!

Happy Monday!

I want to thank those of you who attended our State of the Markets Panel last week. The event was a great success and it was so good to see many of you. I also want to thank our Sponsors and Panelists for their participation in making the event a great success. I would also like to thank our Sponsor Breakfast speakers – Danielle DiMartino Booth and Dr. Lev Borodovsky of the Daily Shot for such a lively, if not a little frightening, breakfast discussion!

I often draw parallels between women in and finance and women in other industries such as technology where there are few women in senior roles as many of the issues we face are the same. From the New York Times this morning, there was a great piece on the state of women in advertising, including reflections from women who have made it through to the CEO level, and the title says it all – “For Women in Advertising, It’s Still a Mad Men World.” The full article can be found here: http://www.nytimes.com/2016/05/02/business/media/for-women-in-advertising-its-still-a-mad-men-world.html?_r=0

Also from the New York Times, it appears instead of leaning in, women need to be speaking up. “One study, conducted by researchers at Brigham Young University and Princeton, found that when women are outnumbered, they speak for between a quarter and a third less time than the men.” The reason women don’t speak up is that they fear a backlash if they do, and according to a Yale study, the fears are well founded. The Yale study found that “both male and female listeners were quick to think these women were talking too much, too aggressively. In other words, men are rewarded for speaking, while women are punished.” The full article can be found here: http://www.nytimes.com/2016/04/21/opinion/how-to-explain-mansplaining.html

And while on the subject of leaning in, there was a great article on Buzzfeed discussing the cost of workplace conflict when a woman has a large high profile job. The upshot? “Change shouldn’t just be about women modifying their behavior — it should mean an overarching change in the system and how women’s behavior is perceived within it.” The full article can be found here: https://www.buzzfeed.com/doree/kelly-ripa-melissa-harris-perry-and-the-cost-of-being-in-cha?utm_term=.nkOO0L1B6#.isJqad8z5

And finally, from the career advice file, there was a great piece in the Wall Street Journal on how to survive office competition. We have all worked with the hyper competitive co-worker – this article is a great guide to finding your way to compete with them effectively and professionally. Read on: http://www.wsj.com/articles/how-do-you-survive-office-competition-1461088682

Lastly, I would like to invite our readers to join the Harvest Exchange –it is a network of 8,000+ of the world’s top investors and investment firms brought together in a forum to exchange ideas. To learn more, please use this link: https://www.hvst.com/referrals/r8oJJ6QTAR0

We thank you all for your continued support as we continue to grow and look forward to seeing you all soon!

Happy Monday!

I hope you will all join us on this Thursday, April 28th for TXWSW 7th annual State of the Markets event – we are thrilled and honored to have an all-star line-up of CIOs who will share their opinions on their market outlook. The panelists this year include Janet Handley, CIO of the Texas A&M Endowment, Katherine Nixon, CIO of Northern Trust, Carol McFate, CIO of Xerox Corporation and Paul Ballard, CIO of Texas Treasury Safekeeping & Trust Company. For our sponsor breakfast on Friday, April 29th, we will have secured the Editor of “The Daily Shot” and Danielle DiMartino Booth of Money Strong as our keynote speakers.  Tickets are on sale and sponsorships are available.

To begin, last week it was announced that Harriet Tubman will replace Andrew Jackson on the $20 bill. A woman has not appeared on US currency in more than 100 years and I think they could not have chosen a more deserving woman for the honor. The full article can be found here: http://www.wsj.com/articles/harriet-tubman-to-be-added-to-20-bill-1461170454

To go from currency to spending, there is now a new website that will help women focus their purchasing power on companies that promote gender equality in the workplace. With women making over 70% of purchasing decisions in the US alone, this initiative gives real meaning to the power of the purse:http://www.buyupindex.com/about/

It is often reported that women have a hard time obtaining funding from venture capitalists. One website has identified 8 female venture capitalists that have money to allocate to women-led firms. The full article can be found here: http://www.mydomaine.com/female-venture-capitalists

UBS published a research report that continues the conversation on gender lens investing and include studies that show that greater female representation in corporate leadership may be associated with higher profitability. The full report can be found here: https://www.ubs.com/microsites/together/en/can-i-truly-make-a-difference.html

From the bad news file, a PwC study of 2,500 global public companies noted that even with the highest turnover rate of CEOs, women only gained less than 3% of new CEO positions, the lowest percent since 2011. The full article can be found here: http://www.bloomberg.com/news/articles/2016-04-18/women-get-less-than-3-of-new-ceo-jobs-as-global-progress-stalls

Lastly, I would like to invite our readers to join the Harvest Exchange –it is a network of 8,000+ of the world’s top investors and investment firms brought together in a forum to exchange ideas. To learn more, please use this link: https://www.hvst.com/referrals/r8oJJ6QTAR0

We thank you all for your continued support as we continue to grow and look forward to seeing you all soon!

Very kind regards

 

Christine

Happy Monday!

Some humor to start the day – Organic Balance nailed what a professional woman’s morning is like. I mean who of us doesn’t check their work emails under the covers at the crack of dawn?  https://www.youtube.com/watch?v=bh19YxASA-4

Which brings us to a great article from HBR – the title says it all, “How to Get into a Rhythm at Work if You Cannot Stick to a Schedule. “ The full article can be found here:  https://hbr.org/2016/04/how-to-get-into-a-rhythm-at-work-if-you-cant-stick-to-a-schedule

Also from HBR and based on work from the University of Texas, the article outlines concrete steps we can all take to remove bias from hiring. It is commonly known that we try to ‘replicate’ ourselves in the hiring process which is why we end up with male banker hiring more male bankers and female teachers hiring more female teachers.  Replacing unstructured interviews with a structured process can help managers find the best candidate, not just one that reminds them of themselves. The full article can he found here: https://hbr.org/2016/04/how-to-take-the-bias-out-of-interviews

From the real estate world, CREW did a major study on the progress women are making in the commercial real estate field. Bottom line? The good news is that women’s level of satisfaction with their careers in the field has improved, especially for the women with 20+ years of experience. The bad news? Women still report facing gender discrimination and the pay gap is firmly in place. The full article can be found here: http://nreionline.com/real-estate-services/are-women-really-making-progress-commercial-real-estate-industry

Lastly, kudos to Samantha Greenberg for landing a $130 million seed deal from Ramius Capital to launch her new hedge fund Margate Capital. This is the second woman-led firm that Ramius has seeded. They helped Nancy Davis launch Quadratic Capital back in 2014 and by all accounts that firm is doing well. The full article on Margate can be found here:http://fortune.com/2016/04/12/one-of-the-top-women-in-hedge-funds-lands-130-million-in-funding/

I hope you will all join us on April 28th for TXWSW 7th annual State of the Markets event – we are thrilled and honored to have an all-star line-up of CIOs who will share their opinions on their market outlook. The panelists this year include Janet Handley, CIO of the Texas A&M Endowment, Katherine Nixon, CIO of Northern Trust, Carol McFate, CIO of Xerox Corporation and Paul Ballard, CIO of Texas Treasury Safekeeping & Trust Company. For our sponsor breakfast on April 29th, we will have secured the Editor of “The Daily Shot” and Danielle DiMartino Booth of Money Strong as our keynote speakers.  Tickets are on sale and sponsorships are available. We thank you all for your continued support as we continue to grow and look forward to seeing you all soon!

Lastly, I would like to invite our readers to join the Harvest Exchange –it is a network of 8,000+ of the world’s top investors and investment firms brought together in a forum to exchange ideas. To learn more, please use this link:https://www.hvst.com/referrals/r8oJJ6QTAR0

 

Happy Monday!

I hope you will all join us on April 28th for TXWSW 7th annual State of the Markets event – we are thrilled and honored to have an all-star line-up of CIOs who will share their opinions on their market outlook. The panelists this year include Janet Handley, CIO of the Texas A&M Endowment, Katherine Nixon, CIO of Northern Trust, Carol McFate, CIO of Xerox Corporation and Paul Ballard, CIO of Texas Treasury Safekeeping & Trust Company. For our sponsor breakfast on April 29th, we will have secured the Editor of “The Daily Shot” and Danielle DiMartino Booth of Money Strong as our keynote speakers.  Tickets are on sale and sponsorships are available. We thank you all for your continued support as we continue to grow and look forward to seeing you all soon!

There was a lot of Dallas news this past week – firstly, huge kudos to Cheryl Alston on the article in the Dallas Morning News. Cheryl set a goal of allocating 10% of her portfolio to small diverse managers and is a great example of the fact that adding diversity can be straightforward and generate better returns for her retirees. The full article can be found here:http://bizbeatblog.dallasnews.com/2016/03/dallas-pension-fund-leaders-goal-diversity-that-delivers.html/

Also from the Dallas Morning News, an insightful article on just how much gender inequality is costing Dallas. Key among the statistics mentioned? Dallas has a very high rate of teen pregnancy with a rate of 25 births per 1,000 women aged 15-19 – the highest in the 10 metro areas. Teen pregnancy disrupts a girl’s education which can disrupt her future earnings and means her children are more likely to grow up in poverty. With global growth slowing, addressing gender inequality in Dallas alone would add $456 billion to the economy. You can do your part in giving girls an alternative by attending our fundraiser and supporting girls’ education! The full article can be found here: http://bizbeatblog.dallasnews.com/2016/04/exclusive-gender-inequality-in-working-world-comes-with-big-price-tag-for-dallas.html/

Tomorrow is Equal Pay Day, and in anticipation of it, Forbes updated the statistics on the gender pay gap. The upshot? Women have to work 51 years to earn what men do in 40. The full article can be found here:http://www.forbes.com/sites/maggiemcgrath/2016/04/05/why-being-a-woman-can-cost-you-more-than-400000/#4acfe5414e84

Also from Forbes, they published a great article with tips on maximizing your use of LinkedIn whether you are using it for a job search, to find clients or to enhance your network. The full article can be found here:http://www.forbes.com/sites/williamarruda/2016/04/05/the-ultimate-guide-to-maximizing-linkedin-for-career-success/#44c038c421a0

Lastly, I would like to invite our readers to join the Harvest Exchange –it is a network of 8,000+ of the world’s top investors and investment firms brought together in a forum to exchange ideas. To learn more, please use this link:https://www.hvst.com/referrals/r8oJJ6QTAR0

Very kind regards

 

Christine

 

Happy Monday!

In my posts, we have often discussed the phenomenon of what a friend of mine aptly calls the ‘drawbridge’ woman – a woman who makes it through the glass ceiling and then does not reach back through to lend a hand to other women and minorities trying to break through. A recent study published in the Harvard Business Review notes that when women and minorities try to promote those like them, they are criticized and penalized for it which may explain why the gender gap in management has proved to be so intractable. Read on: https://hbr.org/2016/03/women-and-minorities-are-penalized-for-promoting-diversity#

Which brings us to the field of technology where a recent WSJ article published the results of a survey of 9,000+ employees. The survey  found that 29.9% of female employees felt gender played a role in their missing a promotion or raise and 37% of those women felt that their gender would hamper them in the future. Considering that women make up only 15% of all senior executives in the technology industry, they may be justified in their feelings. The full article can be found here:http://www.wsj.com/articles/whats-holding-back-women-in-tech-1458639004

In case you missed it, in the tennis world last week, Raymond Moore, tournament director of the BNP Paribas Open made headlines when he shared his belief that women professional tennis players were ‘riding on the coattails’ of men. Maybe someone forgot to tell him that for last year’s US Open, the tickets for the women’s final sold out before the men’s final.  Mr. Moore was removed from his position. The full article can be found here:http://www.nytimes.com/2016/03/21/sports/tennis/victoria-azarenka-upsets-serena-williams-at-indian-wells.html

From the halls of higher education, Berkeley made the news this week with a series of sexual harassment lawsuits coming out all at once. Berkeley is known for its liberal activism, so it is surprising that of all the schools out there, they have not taken campus sexual harassment and violence more seriously until legal action is seemingly forcing them to do so. The full article can be found here: http://www.nytimes.com/2016/03/25/us/sexual-harassment-cases-tarnish-berkeleys-image-as-a-center-of-social-activism.html

Lastly, Erin Callan, who was handed the CFO role at Lehman Brothers just before its 2008 collapse, recently published a book giving her inside story of what happened, and how she came through that very rough journey. The full article can be found here:  http://fortune.com/2016/03/21/erin-callan-lehman-book/

I hope you will all join us on April 28th for TXWSW 7th annual State of the Markets event – we are thrilled and honored to have an all-star line-up of CIOs who will share their opinions on their market outlook. The panelists this year include Janet Handley, CIO of the Texas A&M Endowment, Katherine Nixon, CIO of Northern Trust, Carol McFate, CIO of Xerox Corporation and Paul Ballard, CIO of Texas Treasury Safekeeping & Trust Company. For our sponsor breakfast on April 29th, we will have secured the Editor of “The Daily Shot” and Danielle DiMartino Booth of Money Strong as our keynote speakers.  Tickets are on sale and sponsorships are available. We thank you all for your continued support as we continue to grow and look forward to seeing you all soon!

 

Very kind regards

 

Christine

Happy Monday!

Huge kudos to Leda Braga for crushing it this year. Her flagship fund is up 9.8% this year and 3.4% last year. Since the launch last year, the firm has grown to over $10 billion in assets. The full story can be found here: http://www.cnbc.com/2016/03/11/how-this-hedge-fund-queen-is-crushing-the-market.html

And another take on why the gender pay gap issue remains intractable – apparently when women take over a male-dominated field, a new study from Cornell found that when women take over a previously male-dominated field, pay declines for the very same jobs that men were doing before. This disconcerting phenomenon is why it is imperative to have more gender balanced senior management. The full article can be found here: http://www.nytimes.com/2016/03/20/upshot/as-women-take-over-a-male-dominated-field-the-pay-drops.html?_r=0

From Fast Company, Circleup is a new online marketplace that connects start-ups with investors. The construct of the system puts more of the focus on the data and less on the gender of the founder, and the outcome of this has been that female-led firms account for 35% of the allocated investor dollars. This is compared to 7% of women-led companies that get funding from traditional VCs. The bottom line? When data, not humans, guide VC funding, more women win! The full article can be found here: http://www.fastcompany.com/3057844/when-data-not-humans-guide-vc-funding-more-women-win

Lastly, from Harvard Business Review, there is a better way to argue and it all comes down to word choice. Choosing the correct words can create the opportunity for you to be heard versus escalating an already uncomfortable situation. Read on:  https://hbr.org/2014/06/choose-the-right-words-in-an-argument#

I hope you will all join us on April 28th for TXWSW 7th annual State of the Markets event – we are thrilled and honored to have an all-star line-up of CIOs who will share their opinions on their market outlook. The panelists this year include Janet Handley, CIO of the Texas A&M Endowment, Katherine Nixon, CIO of Northern Trust, Carol McFate, CIO of Xerox Corporation and Paul Ballard, CIO of Texas Treasury Safekeeping & Trust Company. For our sponsor breakfast on April 29th, we will have secured the Editor of “The Daily Shot” and Danielle DiMartino Booth of Money Strong as our keynote speakers.  Tickets are on sale and sponsorships are available. We thank you all for your continued support as we continue to grow and look forward to seeing you all soon!

 

Very kind regards

 

Christine

Happy Monday!

Starting on the productivity front today, there was a great article by Alexandra Samuel on her personal journey to “tame the email beast.” Very worthwhile read with constructive steps we can all take to increase productivity: http://www.wsj.com/articles/how-i-tamed-the-email-beast-at-work-1457921533

Last week, Christine Lagarde gave a compelling speech at Wellesley College pointing out that inequality is hurting economic growth. “If women played an identical role in the work world to that of men, global growth would skyrocket by over 25% by 2025.” The full article can be found here: http://money.cnn.com/2016/03/08/news/economy/christine-lagarde-inequality-is-sexist/

And the answer to more market stability? Adding more female traders to the desk. Read on: http://theconversation.com/more-female-traders-can-minimise-market-crashes-heres-how-55990  Which makes the next article more ironic. In a recent Wall Street Journal article, it was noted that hedge funds run by women have a harder time making it – due in part by the low level of media attention they get which in turn makes it harder for them to raise assets. The full article can be found here:http://www.wsj.com/articles/gender-bias-in-hedge-funds-1457321028

And another take on the same subject from Bloomberg aptly titled “Where Are the Women in Finance?” The full article can be found here: http://www.bloombergview.com/articles/2016-02-24/why-don-t-more-women-hold-top-jobs-in-finance

From the good news file, Texas A&M Cadet Corps, for the first time in its 140 year history, has elected a female commander. Huge congratulations to Alyssa Michalke!  A friend of mine at the university also shared with me that the commander for next year is also a woman! The full article can be found here: http://www.cnn.com/2016/03/08/us/female-firsts-corps-cadets-texas-am-feat/

Kudos to SXSW for their panel that is addressing online harassment of women in gaming – this harassment goes beyond the usual name calling and has “moved into the realm of violent threats and rampant misogyny.” As with any poor behavior, the most effective cure is bringing it into the light of day and have an industry correct its own behavior. The full article can be found here:http://www.nytimes.com/2016/03/14/technology/sxsw-addresses-online-harassment-of-women-in-gaming.html?_r=0

Lastly, from the Wall Street Journal a great article on how to actually fix gender bias in the workplace. The authors postulate that the time and money devoted to promoting diversity over past decades has largely been wasted and it is time for a different approach. Instead of trying to change the biases of individuals, we can turn our efforts to fixing the design of the institutions themselves. One example has transformed symphony orchestras in the US – when a curtain was added to shield auditioning musicians during tryouts, women were 50% more likely to advance to future rounds of tryouts. 50%! Today almost 40% of musicians at major American orchestras are female compared to the 1970’s, before the advent of curtains, when women made up 5-10% of orchestras. The full article can be found here: http://www.wsj.com/articles/real-fixes-for-workplace-bias-1457713338

I hope you will all join us on April 28th for TXWSW 7th annual State of the Markets event – we are thrilled and honored to have an all-star line-up of CIOs who will share their opinions on their market outlook. The panelists this year include Janet Handley, CIO of the Texas A&M Endowment, Katherine Nixon, CIO of Northern Trust, Carol McFate, CIO of Xerox Corporation and Paul Ballard, CIO of Texas Treasury Safekeeping & Trust Company. For our sponsor breakfast on April 29th, we will have secured the Editor of “The Daily Shot” and Danielle DiMartino Booth of Money Strong as our keynote speakers.  Tickets are on sale and sponsorships are available. We thank you all for your continued support as we continue to grow and look forward to seeing you all soon!

 

Very kind regards

 

Christine

 

Happy Monday!

Shelley Zalis founded the Girl’s Club after selling her company for $80 million – the idea behind her club was that women should not have to hold back their feminine characteristics to get ahead. In fact, she creates salon type experiences where women are encouraged not only to socialize with one another, but to explore business deals with one another. Read on:http://www.nytimes.com/2016/03/06/fashion/girls-lounge-businesswomen.html

State Street recently launched a new ETF with the ticker “SHE.” The fund expects to achieve above-market returns by investing in companies that have figured out the diversity challenge and actually have women in senior leadership positions. Sounds like a sound investment to me. Read on: http://www.nytimes.com/2016/03/05/your-money/in-fledgling-exchange-traded-fund-striking-a-blow-for-women.html

From the NY Times, a review of the book, “All the Single Ladies’ by Rebecca Traister, explores the phenomenon that for the modern American women the start of adulthood is not marked by marriage for the first time in history and lest we forget, how really novel it is to have a choice in the matter. For the first time, “women can work, they can borrow money, they can vote, buy houses, start businesses, travel the world and have children without ever formally attaching themselves to a man.” The full article can be found here: http://www.nytimes.com/2016/03/06/books/review/all-the-single-ladies-by-rebecca-traister.html

Also from the NY Times, an aptly titled article “Why Women Quit Science” explores the reasons why so many women drop out of the profession – hint – it has nothing to do with performance and everything to do with isolation and bias. I think one can draw a parallel between women in science and finance, so the response I would take from this is to focus on having a strong professional network that can support you and remind you that it is not just you! The full article can be found here:  http://www.nytimes.com/2016/03/06/opinion/sunday/she-wanted-to-do-her-research-he-wanted-to-talk-feelings.html

I hope you will all join us on April 28th for TXWSW 7th annual State of the Markets event – we are thrilled and honored to have an all-star line-up of CIOs who will share their opinions on their market outlook. The panelists this year include Janet Handley, CIO of the Texas A&M Endowment, Katherine Nixon, CIO of Northern Trust, Carol McFate, CIO of Xerox Corporation and Paul Ballard, CIO of Texas Treasury Safekeeping & Trust Company. For our sponsor breakfast on April 29th, we will have secured the Editor of “The Daily Shot” and Danielle DiMartino Booth of Money Strong as our keynote speakers.  Tickets are on sale and sponsorships are available. We thank you all for your continued support as we continue to grow and look forward to seeing you all soon!

Very kind regards

 

Christine

Happy Tuesday!

Huge thank you to Julie Shaw for organizing such great content and speakers at our family office event series last week. Many thanks also to our speakers for doing such a great job in sharing their expertise with our members.

Two articles from Fortune this week: we know there is a great divide in the world of venture capital when it comes to funding for women. Sarah Kunst is one of the few black women who has both worked in VC and launched a start-up. In her article she notes that the outlook is even bleaker for women of color. A study revealed that “black women head up just 4% of women-led startups and raise an average $36,000 in funding—or about .01% of the money pulled in by the average successful startup.” The full article can be found here: http://fortune.com/2016/02/22/just-4-of-female-led-startups-are-run-by-black-women-im-one-of-them/

In the second article, the title says it all – one in five HR managers admit that women at their companies get paid less than men. Read on: http://fortune.com/2016/02/26/hr-managers-wage-gap/

One of the ramifications of gender pay discrimination is that women make less money over their career, and as 40% of them represent the head of a single parent household, the reduced earnings lead to the ability to save less for retirement. This brings us to the next article which notes that since women are unable to retire, they are working longer and this is reshaping our economy. The full article can be found here:http://www.wsj.com/articles/older-women-reshape-u-s-job-market-1456192536

Which brings me to all the unpaid work women do – men spend the bulk of their time working for money while women do the bulk of the unpaid work – namely cooking, cleaning and childcare. In the US women spend about 4 hours a day on unpaid work compared to 2.5 hours for men, and that gap starts in childhood with more chores being given to girls, and parents are more likely to pay boys for their chores so we get socialized at an early age to do this unpaid work. The ramifications of spending hours on unpaid work is less time available to women for schooling and paid work, and a further widening of the pay gap. Does this feel like an exhausting cycle to anyone else? The full article can be found here: http://www.nytimes.com/2016/02/23/upshot/how-society-pays-when-womens-work-is-unpaid.html?_r=0

The good news is the Gates Foundation has made addressing unpaid work for women one of their priorities this year. And this is not just lip service: when Bill Gates was CEO of Microsoft, he was driving their daughter to pre-school two days a week to share the workload with Melinda. Read on:https://www.gatesnotes.com/2016-Annual-Letter?WT.mc_id=02_23_2016_04_AL2016_BG-LI_&WT.tsrc=BGLI

I hope you will all join us on April 28th for TXWSW 7th annual State of the Markets event – we are thrilled and honored to have an all-star line-up of CIOs who will share their opinions on their market outlook. The panelists this year include Janet Handley, CIO of the Texas A&M Endowment, Katherine Nixon, CIO of Northern Trust, Carol McFate, CIO of Xerox Corporation and Paul Ballard, CIO of Texas Treasury Safekeeping & Trust Company. For our sponsor breakfast on April 29th, we will have secured the Editor of “The Daily Shot” as our keynote speaker.  Tickets are on sale and sponsorships are available. We thank you all for your continued support as we continue to grow and look forward to seeing you all soon!

Very kind regards

 

Christine

Happy Monday!

I hope to see many of you this week at our upcoming series, “What Keeps Family Office Executives Up at Night?” The program was put together by one of our members who runs an Austin-based family office and has very useful content. You will not want to miss this! Please note that men and women are welcome to attend this event.

From the parenting file, there was a great op ed in the NY Times this weekend. Written by one of the first women to join the San Francisco Fire Department, she asks the question “Why do we teach girls that it’s cute to be scared?”  Childhood is a time to encourage children to try new things and face their fears. The author notes that when girls become women, fear manifests itself in deference and timid decision making – and who needs that? The question reminds me of the Eleanor Roosevelt quote ‘Do one thing every day that scares you.’ So if you were raised with fear conditioning, there is no time like the present to overcome it! Read on: http://www.nytimes.com/2016/02/21/opinion/sunday/why-do-we-teach-girls-that-its-cute-to-be-scared.html?_r=0

As my readers are aware, the high tech industry has been criticized for its lack of diversity. In addition to a focus on their hiring practices, many Silicon Valley firms have also made diversity a priority when hiring their investment banking firms. The full article can be found here:  http://www.bloomberg.com/news/articles/2016-02-18/silicon-valley-pushes-for-diversity-on-wall-street

A study in the journal Science Advances found that buyers on eBay bid more for goods sold by men than women, and this despite the fact that women sellers were higher rated than male sellers. The full article can be found here:http://www.nytimes.com/2016/02/20/science/male-sellers-on-ebay-have-an-edge-over-women-study-finds.html

From the Wall Street Journal, new research shows that when workers wear nicer clothes, they achieve more. Read on:http://www.wsj.com/articles/why-dressing-for-success-leads-to-success-1456110340

And finally, recent research, published in the Journal of Business Ethics, US banks with female CEOs or Chairman had more conservative capital levels and were less likely to fail during the financial crisis than banks run by men. The full article can be found here: http://www.wsj.com/articles/banks-run-by-women-might-be-less-vulnerable-in-a-crisis-1456110317

I hope you will all join us on April 28th for TXWSW 7th annual State of the Markets event – we are thrilled and honored to have an all-star line-up of CIOs who will share their opinions on their market outlook. The panelists this year include Janet Handley, CIO of the Texas A&M Endowment, Katherine Nixon, CIO of Northern Trust, Carol McFate, CIO of Xerox Corporation and Paul Ballard, CIO of Texas Treasury Safekeeping & Trust Company. For our sponsor breakfast on April 29th, we will have secured the Editor of “The Daily Shot” as our keynote speaker.  Tickets are on sale and sponsorships are available. We thank you all for your continued support as we continue to grow and look forward to seeing you all soon!

 

Very kind regards

 

Christine

 

Happy Thursday!

There was a great article in the NY Times detailing a study of over 2200 companies in 90 countries. Of those firms, almost 60% had no female board members, more than 50% had no female executives and just fewer than 3% had a female CEO (it is 2016, right?). The study found that female CEOs did not either outperform or underperform, and it found some indications that having women on boards was correlated with higher profitability. The study found overwhelming evidence  that having women in management had a direct improvement in overall firm profitability. Increasing the number of women in management from 0% to 30% was associated with a 15% increase in profitability – now what rational person would not want that? The full article can be found here: http://www.nytimes.com/2016/02/10/business/women-in-company-leadership-tied-to-stronger-profits.html

ACIO magazine interviewed Gina Miller, founder of SCM Direct, who called out our industry brethren for paying lip service to diversity without really doing anything about it. To quote her “Inequality is a real issue and is hindering competitiveness. The evidence is clear: Diverse teams make better decisions and deliver better results. Clearer employee data, improved recruitment processes, and a reinvigorated focus on business culture will all pay dividends—whatever the size of your company.” The full article can be found here: http://www.ai-cio.com/channel/NEWSMAKERS/Diversity%E2%80%94Let-s-Get-Real/

For the entrepreneurs out there, an article in the Huffington Post highlighted exactly why women don’t get funding from VCs complete with a text exchange that illustrates that even today (still 2016, right?), the majority of men in power think of women as either wives or mothers as opposed to competent human beings.  A quote from the article sums it up: “When you ask me about having it all, or how am I going to manage my kids, I seriously think that you are insane,” writes Nadav, who is about to launch a new financial startup. “Because in my head, I can’t imagine a scenario where you trust someone with millions of dollars to run a business but think that they don’t know how to deal with childcare.” The full article can be found here: http://www.huffingtonpost.com/entry/why-venture-capitalists-dont-fund-womens-businesses_us_56c2265de4b08ffac1260793

As a follow-on to the article demonstrating that when female economists collaborate on a group project, their contributions are overlooked, the Harvard Business Review did its own study and found that women definitely experience a ‘collaboration penalty’ when working in groups. Read on:https://hbr.org/2016/02/proof-that-women-get-less-credit-for-teamwork

For those of you in the job market, there is a new website that allows female employees to leave anonymous reviews for other women about how female friendly a company really is. The full article can be found here: http://www.theatlantic.com/business/archive/2016/02/women-benefits-fairygodboss/460275/

And as if being overlooked and underappreciated was not enough, an article from Bloomberg, your gender can have a negative impact on your credit score. In spite of the women have lower overall debt and credit card balances, men edge out women when it comes to that all important rating:http://www.bloomberg.com/news/articles/2016-02-10/does-your-gender-affect-your-credit-score

We have just an outstanding line up of events coming for you in 2016. We thank you all for your continued support as we continue to grow and look forward to seeing you all soon!

Very kind regards

 

Christine

Happy Monday!

Bloomberg reviewed the new film ‘Equity’ that is making its debut at Sundance – the film looks at the modern world of investment banking and the challenges confronting women working in the industry. It sounds like this will be a must see when it makes wide release: http://www.bloomberg.com/news/articles/2016-01-21/-equity-brings-dark-side-of-ipo-world-to-sundance-film-festival

Fortune reported that Intel achieved gender pay parity in 2015 which goes to show that it does not take wasting millions of dollars on diversity programs to achieve concrete results. Huge kudos to Intel! Read on: http://fortune.com/2016/02/03/intel-gender-pay-parity/

In spite of allocations set aside for women and minorities, women owned businesses were  less likely to be awarded contracts by the US because of bias. The full article can be found here: http://www.nytimes.com/2016/02/03/business/smallbusiness/businesses-owned-by-women-less-likely-to-win-us-contracts-study-shows.html

And if there was any doubt that there was bias in the media, a new study by researchers in the UK vacuumed up 2.3 million articles from 950 sources from the NY Times to the BBC from October 2014 to April 2015. The results showed that women are more likely to appear in photographs than in the text of articles. The full article can be found here: http://www.bloomberg.com/news/articles/2016-02-04/women-are-eye-candy-not-news-sources-online

We have just an outstanding line up of events coming for you in 2016. We thank you all for your continued support as we continue to grow and look forward to seeing you all soon!

Very kind regards

 

Christine

Happy Monday!

A recent Newsweek article explores the disconnect between the outperformance of women-run funds and the dearth of assets allocated to those funds. As of 2015, only 2% of hedge funds were run by women and the majority of those managed less than $100 million – so not only is there discrimination in the allocation process, the funds targeted to women and minority managers are not making their way to women. The full article can be found here: http://www.newsweek.com/2016/02/05/hedge-fund-women-419481.html

Former Bear Stearns trader Maureen Sherry has published a novel sharing her Wall Street experiences in a farcical tone. The story details a lot of the frat boy antics she experienced on the trading desk, and that she and the other women at Bear were part of the “Glass Ceiling Club.’ The full article can be found here – the novel should make for good Spring Break reading: http://www.nytimes.com/2016/02/01/business/media/a-comic-take-on-wall-street-by-an-ex-bear-stearns-executive.html?_r=0

From the world outside of Wall Street, CNN took note of the fact that after the huge East Coast blizzard, the Senate was back open for business last Tuesday and only the women showed up for work. Read on:  http://www.cnn.com/2016/01/27/politics/senate-floor-women/index.html

Advertising executive Madonna Badger has started a powerful campaign against the objectification of women that is routine in her industry. Her short video is powerful and a must watch:  http://money.cnn.com/2016/01/26/media/womennotobjects-ad-campaign/index.html

And finally to remind us just how fortunate we are, there was a great article this weekend on the struggles that women in India face as they seek employment. Even though their Constitution guarantees equality under the law, the reality these women face in 2016 is a dangerous one:http://www.nytimes.com/2016/01/31/world/asia/indian-women-labor-work-force.html

We have just an outstanding line up of events coming for you in 2016. We thank you all for your continued support as we continue to grow and look forward to seeing you all soon!

 

Very kind regards

 

Christine

Happy Monday!

The big news last week was the focus on getting more gender diversity at the Davos Word Economic Forum. No surprise that the gender makeup of the attendees mirrors the paltry numbers of women in positions of influence around the world. Read on: http://www.nytimes.com/2016/01/20/business/dealbook/a-push-for-gender-equality-at-the-world-economic-forum-and-beyond.html?_r=0

One institution taking real action to improve diversity is the Academy of Motion Picture Arts and Sciences – in response to the outcry for yet another slate of all white actors, its board announced substantial changes which will make its voting members significantly more diverse. Part of the problem was that its voting members are 95% white, 76% men and their average age was 63. Kudos to the Academy for taking steps to achieve real change: http://www.rollingstone.com/movies/news/academy-promises-historic-changes-to-diversify-membership-20160123

From Bloomberg this week, the title of the article says it all “At Biotech Party, Gender Diversity Means Cocktail Waitresses.” Investors in the space need to take a page from the Academy’s book to address this lopsided situation:http://www.bloomberg.com/news/articles/2016-01-13/at-biotech-party-gender-diversity-means-cocktail-waitresses

Which brings me to an opinion piece from the NY Times this week that asks the question, “Why Aren’t Women Doing Better on Wall Street?” The author shares stories of a young banker who was groped publicly to settle a bet about whether her breasts were real and another woman who had a colleague take a shot of her breast milk that was in the company refrigerator on a dare. The author notes that this behavior goes largely unpunished because of the arbitration system that Wall Street uses to settle employee disputes. The upshot? The offenders go unpunished and women end up leaving the industry which contributes to the talent gap at the top. The full article can be found here: http://www.nytimes.com/2016/01/24/opinion/a-colleague-drank-my-breast-milk-and-other-wall-street-tales.html?_r=0

Another interesting opinion piece came from the Huffington Post exploring why a white woman is suing to disable affirmative action. The article goes on to note that white women have benefited from affirmative action more than any other class, however, my readers will note that most young women don’t realize that the glass ceiling will hit them firmly on the head when they reach about 30 so they have the illusion of equal opportunity until then: http://www.huffingtonpost.com/entry/affirmative-action-white-women_us_56a0ef6ae4b0d8cc1098d3a5

And if you think my math is off, note the following statistics about Barclays Bank which is making gender diversity a priority – in the news this week, Barclays  noted that the bank has 51% female and 59% male employees, however men occupy 80% of top jobs and board positions, so still a very long way to go: http://money.cnn.com/2016/01/22/news/companies/barclays-bank-women-gender-workers/

Since January is prime job hunting season, I wanted to share this article on how the hiring process timeframe has been extended and the best way to manage it: http://www.wsj.com/articles/how-to-deal-with-a-long-hiring-process-1453231053

Lastly, the 80’s began the move away from offices and to cubicles with the thought of both saving money and increasing collaboration. The downside is that new research shows that those cube farms also make it very difficult to concentrate thereby lowering productivity: http://www.wsj.com/articles/will-you-please-be-quiet-please-1453247167

We have just an outstanding line up of events coming for you in 2016. We thank you all for your continued support as we continue to grow and look forward to seeing you all soon!

Very kind regards

 

Christine

Happy Tuesday!

I hope you all enjoyed the holiday weekend. It is sad that as we commemorated what would have been Martin Luther King’s 87thbirthday, the Academy chose this week to announce an all-white line up of nominees in the acting category. As a society, we have to ask ourselves why we allow discrimination to continue to exist in 2016. At a minimum, we can certainly vote with our wallets and choose not to tune into the broadcast. The full article can be found here:http://www.huffingtonpost.com/entry/the-academy-proves-that-oscars-are-only-for-white-people-again_5697b067e4b0ce4964235693

From the world of private equity, CVC is sued by their only female managing director for firing her after she filed a complaint with the firm’s HR department charging sexism: Read on: http://www.bloomberg.com/news/articles/2016-01-16/cvc-capital-executive-says-she-lost-job-over-complaint-of-sexism

On the topic of the gender pay gap, Claire Cain Miller makes great suggestions for the best way to bridge that stubborn gap. Her suggestions include building more flexible workplaces, making work easier for mothers, coaching women in salary negotiation and ‘gasp’ make salary information public. The full article can be found here:http://www.nytimes.com/2016/01/17/upshot/how-to-bridge-that-stubborn-pay-gap.html?ref=topics

If the thought of an open-pay policy is causing you discomfort, there was a great article in the WSJ last week about how to tackle it while avoiding the awkwardness. The full article can be found here: http://www.wsj.com/articles/open-salaries-the-good-the-bad-and-the-awkward-1452624480

We have just an outstanding line up of events coming for you in 2016. We thank you all for your continued support as we continue to grow and look forward to seeing you all soon!

Very kind regards

 

Christine

Happy Monday!

Last week’s topic was all-male panels and how shameful they are in 2016. To help bring attention to the problem, there is a ‘manel’ hall of shame on Tumblr were you can share any one you come across: http://allmalepanels.tumblr.com/

From the Harvard Business Review, there was a great article outlining how corporate diversity programs are failing. US firms spend millions coming up with diversity mission statements, conducting trainings etc. and yet these efforts have produced dismal results. In fact, the mere presence of a diversity policy has made it easier for companies to discriminate.  The full article can be found here: https://hbr.org/2016/01/diversity-policies-dont-help-women-or-minorities-and-they-make-white-men-feel-threatened  And more thoughts on the same article: http://www.huffingtonpost.com/entry/diversity-programs-are-failing-minorities-heres-a-better-way_568c119be4b014efe0dbeb8a

The bright side is that there ARE solutions to the problem. Huge kudos to Compose Inc. for instituting blind hiring to help them find the most qualified candidates regardless of gender or ethnicity. Read on: http://www.wsj.com/articles/the-boss-doesnt-want-your-resume-1452025908

And from the world of academia, it seems that the reason economics remains a male dominated profession is that when women collaborate on a project, the men are given all the credit and the women’s contributions are discounted which has a very detrimental effect on their chances for advancement. The full article can be found here:http://www.nytimes.com/2016/01/10/upshot/when-teamwork-doesnt-work-for-women.html

We have just an outstanding line up of events coming for you in 2016 starting with the Dallas event in two weeks. We thank you all for your continued support as we continue to grow and look forward to seeing you all soon!

Very kind regards

 

Christine

Happy Monday!

And Happy New Year to you all – may your New Year be filled with love, peace and happiness and very best wishes for a happy healthy and successful 2016.

My wish for the new year is that we see an end to ‘manels’ – or all male panels – which in spite of the attention on the issue has proved slow to change. As the next story will highlight, there is not a shortage of smart, talented women out there so the issue is one of conference organizers not believing there is an issue to address. Ladies, we are 51% of the population and we control 90% of the spending in this country – the solution to this issue is to vote with your wallet. By not attending events with all male panels, it will send a message to the organizers – and speaking up will also help. If you are a member of a group that regularly only features male speakers, say something. Change happens when there is an impetus!

CNN did a great piece on women who changed the world in 2015 – great inspiration for your new year. Read on:http://www.cnn.com/2015/12/27/opinions/ghitis-women-of-the-year-2015/index.html

Lastly, more evidence of workplace bias – even with the jobless rate falling to near full employment, women over 50 have the hardest time finding a job and make up the majority of the long term unemployed. The full article can be found here: http://www.nytimes.com/2016/01/02/business/economy/over-50-female-and-jobless-even-as-others-return-to-work.html?_r=0

We have just an outstanding line up of events coming for you in 2016 starting with the Dallas event in two weeks. We thank you all for your continued support as we continue to grow and look forward to seeing you all soon!

 

Very kind regards

 

Christine

Happy Monday!

I hope you are all enjoying the holiday season. I found one article in the Harvard Business Review that I wanted to share as you think about next year – this is good advice for all of us!  Read on: https://hbr.org/2015/12/commit-to-under-scheduling-in-2016

I also wanted to resend a very powerful comic strip that, I hope, will change the way you look at privilege. It places to individuals side by side showing how financial security or the lack thereof can lead to different outcomes even if a child has a loving family to support them:http://www.mbctimes.com/english/this-comic-will-forever-change-the-way-you-look-at-privilege

In a nutshell, this is why I am such a passionate advocate for girl’s education – if we can help the YWPN students come away with a solid college preparatory education and adequate scholarship money for college, then we are changing the outcomes, not only for these girls, but for the future families they will have. Your involvement in not only donating money, but in volunteering will give them access to information on career paths and contacts for internships that will place them firmly on the path to success with the multiplier effect that investing in girls brings.

To that end, I am asking all of you to help TXWSW with their support of the 7 girls’ schools run by the Young Women’s Preparatory Network – if you have year-end giving to do, I would ask you to include them in your philanthropy: http://txwsw.com/give/

Happy Holidays to you all – may your New Year’s week be filled with love, peace and happiness and very best wishes for a happy healthy and successful 2016.

Very kind regards

 

Christine

Happy Monday!

Kudos to TXWSW member Pam Friedman on the release of her new book “I Now Pronounce You Financially Fit.” The book details how to protect your money in marriage and divorce. This advice has historically be available to wealthy clients, and Pam has created a good ‘how to’ manual making the information more accessible. You can find details here: http://inowpronounceyoufinanciallyfit.com/

A recent study noted that black presence on boards is shrinking. Part of the issue comes down to bias – as more women are added to boards, they take up the ‘minority’ seat thereby shrinking available seats for other minorities. Another reason cited it that activist hedge funds put forward slates of mainly white men when they fight for board seats. According to an analysis of SEC filings, in 2013, activists nominated 50 directors for board seats of which 40 were white men, 6 were white women, and just one was African American. The full article can be found here: http://finance.yahoo.com/news/black-presence-u-boards-shrinks-165237140.html

A story from Austin TX underscores the importance of women supporting each other and communicating the workplace. A 26 year old with a degree in journalism was offered a role at a prominent PR firm, and with the offer came ‘unwanted sexual advances including requests for inappropriate photographs.’ This woman decided to share her experience with several other staffers which triggered more than half a dozen reports of sexual harassment and at least two incidents of sexual assault being reported. Bottom line? If you see something, say something. Women are silent because they think it is ‘just them’ and it never is. Read on:http://www.huffingtonpost.com/entry/trevor-fitzgibbon_56743a0ce4b0b958f6566358

I wanted to share this powerful video with you all that was created by the Norwegian charity organization CARE. It is a message from a daughter to her father, and follows a woman’s life from birth to adulthood and illustrates the various forms of sexism a woman experiences and how sexism quickly morphs into violence against women. I urge you to share this with everyone you know and underscore that seemingly ‘innocent’ derogatory language we use against women is harming us all:http://www.huffingtonpost.com/entry/a-chilling-message-about-sexism-from-daughters-to-their-dads_56704d2de4b0e292150f5923

And lastly, huge congratulations to our Fort Worth committee for hosting a successful fundraiser for their local YWPN school last week. With over 100 in attendance and Tonya Veasey, CEO at Open Channels Group as their keynote, a good time was had by all. I want to thank all of the sponsors and attendees for their support of our students.

To end, I wanted to share with you all a very powerful comic strip that, I hope, will change the way you look at privilege. It places to individuals side by side showing how financial security or the lack thereof can lead to different outcomes even if a child has a loving family to support them: http://www.mbctimes.com/english/this-comic-will-forever-change-the-way-you-look-at-privilege

In a nutshell, this is why I am such a passionate advocate for girl’s education – if we can help the YWPN students come away with a solid college preparatory education and adequate scholarship money for college, then we are changing the outcomes, not only for these girls, but for the future families they will have. Your involvement in not only donating money, but in volunteering will give them access to information on career paths and contacts for internships that will place them firmly on the path to success with the multiplier effect that investing in girls brings.

Happy Holidays to you all – may your week be filled with love, peace and happiness and very best wishes for a happy healthy and successful 2016.

 

Very kind regards

 

Christine

 

Happy Monday!

To begin with, kudos to Cheryl Alston of Dallas ERS for her unique approach to adding emerging managers to her pipeline. As you will see from the attached press release, Dallas ERS will be hosting a series of open houses aimed at meeting managers in a small and user-friendly setting. Cheryl feels this model will be easy for plan sponsors of any size to adopt. Read on:  http://www.prnewswire.com/news-releases/the-dallas-employees-retirement-fund-begins-unique-program-to-encourage-diversity-among-its-fund-managers-300186546.html

In case you missed it, last week Michael Moritz of Sequoia shared with the world that the reason they have not hired more women is that they are not willing to lower their standards. Ouch. The full article can be found here:  http://www.vanityfair.com/news/2015/12/michael-moritz-sequoia-women-partners-tech  Jessica Nordell wrote a great follow up on the issue – this is not a case of foot in mouth disease, this is unconscious bias rearing its ugly head: https://www.linkedin.com/pulse/its-foot-mouth-diseae-jessica-nordell

On the other end of the spectrum, the New York Times did a great piece on TSG Capital that actually sees gender equality as a competitive advantage. Love that! The full article can be found here:  http://www.nytimes.com/2015/12/09/business/dealbook/pursuing-gender-equality-as-a-competitive-advantage.html

On the issue of classroom diversity that is before the supreme court, two professors (one from UT and the other from Columbia conducting a series of experiments where they had groups competing to find the most accurate answers to problems and set up groups that were homogenous and racially diverse. The result? When participants were in diverse company, their answers were 58% more accurate because diversity brought cognitive friction that enhanced the decision making process. The full article can be found here:  http://www.nytimes.com/2015/12/09/opinion/diversity-makes-you-brighter.html

And lastly, it seems as though we may be approaching détente in the mommy wars. New research shows that as many as 92% of Americans favoring mothers working, and as importantly, 77% also support fathers not working when they are the ideal spouse to stay home. Finally! The full article can be found here: http://www.nytimes.com/2015/12/10/upshot/signs-of-a-truce-in-the-mommy-wars.html

If the thought of the holidays is leaving you feeling stressed, take time to join us for one of our Holiday Luncheons this December!  Register early to avoid disappointment!

 

Kind regards

 

Christine

 

Happy Monday!

Credit Suisse made the news last week by offering 20 weeks of paid leave to new parents. In response to increased competition for top talent on Wall Street, Credit Suisse rolled out this new perk offering the longest paid parental leave in ANY industry. And with Mark Zuckerberg leading the way in taking his paid leave with the birth of his daughter it paves the way for this to be a family benefit and not a ‘women’s issue.’ The full article can be found here:  http://www.wsj.com/articles/wall-street-perk-parental-leave-1448927064

A brilliant resource for moms who want to work part time – the next article details a terrific service – The Second Shift pairs moms who left professional careers with companies looking to hire consultants for individual projects. The full article can be found here: http://www.nytimes.com/2015/12/03/fashion/helping-moms-lean-in-but-not-too-far.html

Also in the news last week, for the first time ever, combat roles are open to all women in the military. Why is this significant? Without combat experience, promotion to senior ranks is close to impossible. Women have been on the front lines for years in support roles, so exposing them to injury and danger while blocking their promotion possibilities. The full article can be found here: http://www.nytimes.com/2015/12/05/opinion/a-victory-for-women-at-war.html?_r=0

From Forbes this week, Henna Inam explores why executive presence is harder to achieve for women and gives some good tips on how to make yours stronger. Read on: http://www.forbes.com/sites/hennainam/2015/12/02/why-executive-presence-is-harder-for-women-leaders/

And lastly, from the Harvard Business Review, a good read on how to manage meetings with people from different cultures. The full article can be found here:  https://hbr.org/2015/12/how-to-run-a-meeting-of-people-from-different-cultures

 

If the thought of the holidays is leaving you feeling stressed, take time to join us for one of our Holiday Luncheons this December!  Register early to avoid disappointment!

 

Kind regards

 

Christine

Happy Tuesday and Happy Thanksgiving to you and yours!

With the holidays upon us, this is a big revenue season for the entertainment industry and diversity (or the lack there of) is in the spotlight. The New York Times did a long piece on the issue that women face in that industry – their stories sound remarkably similar to what women experience in finance. The full article can be found here: http://www.nytimes.com/2015/11/22/magazine/the-women-of-hollywood-speak-out.html?_r=0

Sandra Bullock’s solution to the gender pay gap is to change the way we view women – when women are viewed as equals, issues like the pay gap will reverse themselves:  http://www.huffingtonpost.com/entry/sandra-bullock-wants-more-than-just-equal-pay-for-women_56434cf4e4b08cda3486ca67And Sharon Stone notes that the gender pay gap is like ‘economic blackmail.’ Women cannot afford to not work, so they are stuck with the situation in order to feed their families: http://www.huffingtonpost.com/entry/sharon-stone-says-the-gender-pay-gap-is-like-economic-blackmail_5640b1fde4b0411d307199e0

A Huffington Post survey illustrates how much of a shift in thinking this change will require – 65% of women don’t think men consider them equals at work.  But then interestingly, 33% of women still don’t think they encounter gender bias at work which is a big part of the issue. Unless we ALL address the elephant in the room, it never goes away. The full article can be found here: http://www.huffingtonpost.com/entry/huffpost-makers-women-workplace-survey_56462843e4b08cda348898de

Although things may be shifting with 1 billion women set to join the global economy over the next decade – this could have more of an impact on GDP growth than the billion plus populations of India and China. Read on: http://impactalpha.com/women-are-hotinvestments/

If the thought of the holidays is leaving you feeling stressed, take time to join us for one of our Holiday Luncheons this December!  Register early to avoid disappointment!

Kind regards

 

Christine

Happy Monday!

From CNN this week, another study on the pay gap shows that women make $.74 for every dollar men make even when they have they hold the same job and have the same qualifications. Further, the gap gets bigger the further up the ladder you go, and there is no industry where women earn more than men or a state where women out earn men. The full article can be found here: http://money.cnn.com/2015/11/09/news/economy/male-female-pay-gap-payscale/

Also from CNN, exacerbating the pressure on working women is the fact that in dual income households, women are still responsible for the majority of the housework. Sounds like my home. Read on: http://www.cnn.com/2015/11/04/health/work-life-balance-gender-divide-pew-research-center/

The disconnect is in this aptly titled article: “Men Do More at Home, But Not as Much as They Think.” Meaning, while men are helping much more than their fathers ever did, the imbalance is still causing serious strain on women. The full article can be found here:http://www.nytimes.com/2015/11/12/upshot/men-do-more-at-home-but-not-as-much-as-they-think-they-do.html

Which of course leads to the portrait of the modern family: stressed, tired and rushed. The full article can be found here: http://learning.blogs.nytimes.com/2015/11/06/is-your-family-stressed-tired-and-rushed/

If the thought of the holidays is leaving you feeling stressed, take time to join us for one of our Holiday Luncheons this December!  Register early to avoid disappointment!

Kind regards

 

Christine

Happy Monday!

Huge thank you to our committee members for a successful week last week with fundraisers in Dallas and Austin, and our Second Annual C-Suite event in Houston. By all accounts, a good time was had by all, money was raised to support the Young Women’s Preparatory Network, and new connections were made by our members. As you may know, TXWSW is run by a staff of all volunteers, and the Board and I are incredibly grateful to you all sharing your time and talent to bring wonderful programming to our members which enables us to give back to our communities through the support of college preparatory education for underserved girls across the state. So as we begin the countdown to Thanksgiving, I wanted to let you know that I am extremely grateful to those of you who volunteer and all that you do for TXWSW.

From the putting your money where your mouth is file, Salesforce has just spent $3 million bringing their female employees’ salaries to parity with the men. Now how hard was that? Huge kudos to CEO Marc Benioff for tackling the problem head on. The full article can be found here: http://www.huffingtonpost.com/entry/when-a-ceo-actually-cares-about-equality-for-women_563cea46e4b0b24aee4a1a88

In Great Britain, a new study proposed that bonuses for top UK finance executives should be tied to how many women their institutions employ in senior positions. Brilliant idea! The full article can be found here: http://www.wsj.com/articles/new-diversity-plan-paying-bonuses-to-promote-women-1446595203?alg=y

New York State has quietly passed legislation that will make it easier for women to sue for gender discrimination. Many thanks to Akin Gump for letting me share their bulletin: https://www.akingump.com/en/news-insights/new-women-s-equality-act-legislation-raises-bar-for-new-york.html

An article in the New York Times looks at defining diversity in Silicon Valley and on Wall Street where there is very little, and although on the surface, the issue is being addressed, not much has changed. The article sites the difficulty of managing diverse teams as a reason for the lack of progress, and I say back, what worthwhile achievement comes without hard work? The full article can be found here:http://www.nytimes.com/2015/11/05/business/dealbook/defining-diversity-in-silicon-valley-and-on-wall-street.html?_r=0

And lastly, I would like to share with you a D-Magazine article featuring TXWSW’s very own Danielle DiMartino Booth. Danielle was kind enough to be our keynote speaker at our April Speaker/Sponsor breakfast last year and is a voice worth following when it comes to the Fed and monetary policy. Read on:http://www.dmagazine.com/publications/d-ceo/2015/november/danielle-dimartino-boot-dallas-fed

We have a few events left through the end of the year, so register early to avoid disappointment!

 

Kind regards

 

Christine

Happy Monday!

I hope you all had a great Halloween and enjoyed the extra hour this weekend! We have 3 great events this week: a Philanthropy Shopping night in Dallas today,  our C-Suite Dinner in Houston with some amazing speakers on Tuesday, and  our Casino Night in Austin that is open to both men and women and is great fun with yummy food and wonderful people!

Please note that if you cannot attend the Dallas shopping night, you can order over the phone with the participating stores and if you mention TXWSW, they will make a donation to our cause! Please contact Heather Sauber at developmentdirector@txwsw.com for details.

The first article is a hugely important one. Titled “Why Women Compete with Each Other,” it goes into some of the biological and evolutionary reasons women compete with one another, but there are damaging consequences for this especially in the workplace. The reason the ‘boys club’ is so named is that men support each other toward a goal of mutual success. When women see each other as competition in the workplace, the results can be devastating and are even more pronounced at the higher levels where there are so few women. The full article can be found here: http://www.nytimes.com/2015/11/01/opinion/sunday/why-women-compete-with-each-other.html

The next article which looks at the diversity issue in both the technology and entertainment industries where the term is so overused that it is becoming meaningless. If we look to our industry, think of the millions of dollars spent over the last decade with very little to show for it in terms of adding women and minorities to the senior ranks, on boards etc. The full article can be found here: http://www.nytimes.com/2015/11/01/magazine/has-diversity-lost-its-meaning.html?_r=0

And finally, with more men taking on household and parenting tasks, friction over the ‘right’ way to do things ensues. Read on: http://www.wsj.com/articles/a-calmer-division-of-labor-at-home-1445970198?alg=y

Huge thanks to our committee members for arranging a terrific line up of events for the Fall including our third annual Coed Boots & Blackjack Casino Night in Austin, our second annual C-Suite Dinner in Houston, a Charity Shopping Night in Dallas, Lunch with Mayor Betsy Price in Fort Worth, and our annual Holiday Luncheons.  Register early to avoid disappointment!

 

Kind regards

 

Christine

Happy Monday!

 

I hope you all enjoyed the rain this weekend and got a chance for some much needed downtime coming into the holiday season!

The first article, from Bloomberg, shows more damage to women’s wallets from the gender pay gap – apparently the payoff in real dollar terms is higher for women MBA students then for men. The full article can be found here:http://www.bloomberg.com/news/articles/2015-10-20/the-real-cost-of-an-mba-is-different-for-men-and-women

From LinkedIn, attorney Leiza Dolghih wrote a powerful article on how each woman can address the gender pay gap. Bottom line? Studies show that women don’t ask, and in negotiation, if you don’t ask, you won’t ever get.  The good news is that this asking thing also works at home!  The full article can be found here: https://www.linkedin.com/pulse/negotiating-employment-agreements-real-reason-jennifer-dolghih

From Forbes, there is also a great piece written by a woman that elected to forgo having children to pursue the career of her dreams. The full article can be found here: http://www.forbes.com/sites/learnvest/2015/10/23/confessions-of-a-career-woman-why-not-having-kids-was-the-best-decision/

On the topic of getting more women in the boardroom, Fortune did an interview that is worth listening to on the subject:http://fortune.com/video/2015/10/23/women-on-board-2/

And finally, Kevin Powell has written a powerful new book on defining manhood and how we go from the definitions we have now to finding one that is routed in peace, love and healthy definitions of manhood that include seeing women and girls as their equals. This is a very powerful read and if you have time to read only one thing this week, I would ask that this be it:http://www.cnn.com/2015/10/19/living/mens-movement-kevin-powell-feat/

Huge thanks to our committee members for arranging a terrific line up of events for the Fall including our third annual Coed Boots & Blackjack Casino Night in Austin, our second annual C-Suite Dinner in Houston, a Charity Shopping Night in Dallas, Lunch with Mayor Betsy Price in Fort Worth, and our annual Holiday Luncheons.  Register early to avoid disappointment!

 

Kind regards

 

Christine

Happy Monday!

From AI-CIO Magazine, there was a great article “Lifting the Lid on Asset Management’s Gender Problem,” and it is a worthwhile read especially for allocators. One of Europe’s biggest asset management firms has included diversity statistics in their annual report for the first time. This could be a great addition to DDQs to keep the focus on the issue and encourage transparency. The full article can be found here: http://www.ai-cio.com/channel/Manager-Selection/Lifting-the-Lid-on-Asset-Management-s-Gender-Problem/

From the Harvard Business Review comes an insightful article on the obstacles to adding more women and minorities to management.  A company’s culture is dictated by the group currently in power, and even though change and transformation are the hallmark of successful companies, actually making it happen is a different story. And as we saw with the survey on corporate boards, success in adding diversity comes down to how committed those in power really are to making change. The full article can be found here:  https://hbr.org/2015/10/gender-initiatives-are-culture-change-initiatives

Ruth Porat made news last week by noting that adding women to senior management is not only the right thing to do, but will help companies improve their performance. She says it best and the full article can be found here:http://www.cnet.com/news/google-cfo-hiring-women-is-good-for-business/

And finally, also from HBR, a great article on how to network a conference or any big event. This advice is aimed at the introverts, although I have seen, over the years that women are great at walking into a room full of women, and yet when we are in the minority even the most extroverted of us can feel at a loss as to how to break in. With that in mind, read on:https://hbr.org/2015/10/5-ways-to-make-conference-networking-easier

Huge thanks to our committee members for arranging a terrific line up of events for the Fall including our third annual Coed Boots & Blackjack Casino Night in Austin, our second annual C-Suite Dinner in Houston, a Charity Shopping Night in Dallas, Lunch with Mayor Betsy Price in Fort Worth, and our annual Holiday Luncheons.  Register early to avoid disappointment!

Kind regards

Christine

Happy Monday!

My husband shared the first of today’s articles with me early last week and it is making the rounds of the internet like wildfire with good reason. The title “Letter to the Editor: STEM” is written by an engineering student to his female classmates, and I hope you find it as heartfelt and  touching as I did. The full article can be found here: http://easterneronline.com/36007/letters-to-the-editor/letter-to-the-editor-stem/

It is a common theme that if there is more than enough money to cover expenses for childcare and other helpful things, work/life balance should be a piece of cake. A recent article notes the flaw in that argument, and the title says it all: “Work-Life Balance Poses Challenges Regardless of Wealth.” The full article can be found here:  http://www.nytimes.com/2015/10/10/your-money/work-life-balance-poses-challenges-regardless-of-wealth.html?_r=0

And finally, a recent Pricewaterhousecoopers hits on the real reason diversity on boards is not happening.  “Most of the white men who sit on the boards of the biggest companies in the U.S. don’t think it matters, according to a new survey.” The survey results are eye opening – and it means the solution to the problem cannot rest with the boards themselves. They will need shareholder pressure to finally make real change. The full article can be found here: http://www.huffingtonpost.com/entry/corporate-board-diversity_561510b6e4b0cf9984d7af01

Huge thanks to our committee members for arranging a terrific line up of events for the Fall including a coed cocktail party and brewery tour in Dallas, our third annual (also coed) Boots & Blackjack Casino Night in Austin, our second annual C-Suite Dinner in Houston, a Charity Shopping Night in Dallas, Lunch with Mayor Betsy Price in Fort Worth, and our annual Holiday Luncheons.  Register early to avoid disappointment!

Kind regards

 

Christine

Happy Monday!

I read a fascinating letter to the editor in response to the Anne Marie Slaughter book review from an HR professional who has been addressing the diversity issue for the last 15 years of her career, and her response to the above question of what is holding women back would be discrimination. So much of the advice in the press today is about what women can do better – and I think constant self-improvement is an admirable goal – but as a society we need to call a spade a spade and start addressing the underlying root cause which is conscious and/or unconscious gender bias.

The WSJ did a whole separate section in the paper this past Wednesday lead by the headline: “What’s Holding Women Back?” The full articles can be found here and there is something for everyone:  http://www.wsj.com/articles/whats-holding-women-back-in-the-workplace-1443600242  “When Women Get Stuck, Corporate America Gets Stuck:” http://www.wsj.com/articles/sheryl-sandberg-when-women-get-stuck-corporate-america-gets-stuck-1443600325  “More Firms Say Targets Are the Key To Diversity:”http://www.wsj.com/articles/more-companies-say-targets-are-the-key-to-diversity-1443600464 “Big Banks Boost Efforts to Recruit and Retain Female Employees:”  http://www.wsj.com/articles/big-u-s-banks-boost-efforts-to-recruit-retain-female-employees-1443600926

“ How to Get More Women in the Workforce:” http://www.wsj.com/articles/how-to-get-more-women-into-the-workforce-1443600975  “A Racial Gap in Mentoring at Work:” http://www.wsj.com/articles/a-racial-gap-in-mentoring-at-work-1443600872  “Gender Bias at Work Turns Up in Feedback:” http://www.wsj.com/articles/gender-bias-at-work-turns-up-in-feedback-1443600759  “In Two Career Marriages, Women Still Do More of the Work at Home:” http://www.wsj.com/articles/in-two-career-marriages-women-still-do-more-of-the-work-at-home-1443600654

And lastly, “Networking Isn’t Easy for Women, but it is Crucial:” http://www.wsj.com/articles/networking-isnt-easy-for-women-but-it-is-crucial-1443600526

And the question is, why should we care about any of this – women just want equal pay – so what? Life is not fair, so deal with it. Or not. Right now with Canada, Russia, Japan and Brazil in recession, global GDP growth is zero. And in the US, while GDP growth is positive, it is below normal levels. So where will growth come from? According to a McKinsey study, “gender equality would boost global GDP by $28 trillion.” The full article can be found here:  http://www.dallasnews.com/business/personal-finance/headlines/20150930-mckinsey-says-gender-equality-would-boost-global-gdp-by-28-trillion.ece  Seems like perfect timing to address this issue to me.

A man’s take on the McKinsey study: 88% of men think that women have just as many opportunities as they do which is one of the reason gender discrimination still exists. Adam Grant’s article shares his perspective: “Dear Men, Wake Up and Smell the Inequality.” http://www.huffingtonpost.com/adam-grant/dear-men-wake-up-and-smel_b_8226496.html

And finally, the Harvard Business Review asks the burning question: “Why do so many incompetent men become leaders?” The full article can be found here: https://hbr.org/2013/08/why-do-so-many-incompetent-men

Huge thanks to our committee members for arranging a terrific line up of events for the Fall including a coed cocktail party and brewery tour in Dallas, our third annual (also coed) Boots & Blackjack Casino Night in Austin, our second annual C-Suite Dinner in Houston, a Charity Shopping Night in Dallas, Lunch with Mayor Betsy Price in Fort Worth, and our annual Holiday Luncheons.  Register early to avoid disappointment!

Kind regards

 

Christine

Happy Monday!

I often post articles written by Anne Marie Slaughter, and finally, her new book is available. If you don’t have time for the whole book, the NY Times did a great review in the ‘Books’ section that gives you the cliff notes version. Essentially, Ms. Slaughter’s view is that as a society we need to take a hard look at how we are treating women in the workplace and changes are essential if we don’t want 50% of the talent sidelined or marginalized. I think this becomes more of an issue in the future as it has been years since women have been earning more degrees and advanced degrees than men, and our economy literally cannot afford to push these women out of the workplace. If you have doubts, look at Japan. The full article can be found here: http://www.nytimes.com/2015/09/27/books/review/anne-marie-slaughters-unfinished-business-women-men-work-family.html

While we are on the subject of Anne Marie Slaughter, she did a great piece detailing the great divide in workplace benefits. On the one hand companies are lavishing generous perks like flying nannies and at the other end of the spectrum; parents are getting their work hours the week before making it almost impossible to arrange for child care. The full article can be found here: http://www.nytimes.com/2015/09/24/upshot/the-great-divide-in-workplace-benefits.html?smid=nytcore-ipad-share&smprod=nytcore-ipad&_r=0

The title of the next article says it all: “To Get a Job in Your 50s, Maintain Friendships in Your 40s.” I think you can substitute out the ages and the validity of the statement still stands. Those with the biggest networks have the most opportunity, and as we age, those relationships are even more important. The full article can be found here: http://www.nytimes.com/2015/09/27/business/to-get-a-job-in-your-50s-maintain-friendships-in-your-40s.html

And lastly, one of my favorites of the week – “How Not to Be a Networking Leech.” This article gives point by point instruction on the right way to network and is especially pertinent to job seekers. In my role, I network a lot and while some of the items pointed out can sound like common sense knowledge, I can tell you first hand, they are not. This is a must read: http://www.nytimes.com/2015/09/27/jobs/how-not-to-be-a-networking-leech-tips-for-seeking-professional-advice.html

Huge thanks to our committee members for arranging a terrific line up of events for the Fall including a coed cocktail party and brewery tour in Dallas, our second annual Charity Shopping Night in Houston & Dallas, Lunch with Mayor Betsy Price in Fort Worth, and a Holiday Luncheon in Austin.  Register early to avoid disappointment!

 

Kind regards

 

Christine

Happy Monday!

To start with, we have two items from the career advice file. The first article, ‘How to Network a Party’ provides practical tips on working a room including identifying groups and individuals that will be open to conversation. Considering we have over 100 people registered for our Dallas event this week, this is timely reading. The full article can be found here: http://www.wsj.com/articles/the-smartest-ways-to-network-at-a-party-1442249499

One of the things women get a bad rep for is crying in the office. We all know that tears can come bottled up frustration, so instead of bottling up those emotions, a recent study shows that displaying anger can actually be a more effective negotiating tool. The full article can be found here:http://www.nytimes.com/2015/09/20/opinion/sunday/the-rationality-of-rage.html?_r=0

It is that time of year again, and I am pleased to share KPMG’s annual Women in Alts survey. Kudos to them for undertaking this important project each year. The full report can be found here: http://www.kpmginfo.com/alts/

The upshot of this year’s report is that despite some handy outperformance, female hedge fund managers have trouble attracting assets which hardly sounds like rational behavior to me. The full article can be found here:  http://www.ai-cio.com/channel/NEWSMAKERS/Women-in-Alts-Find-No-Favor-Despite-High-Performance/

Another discrimination lawsuit was filed last week against a big bank. You can read the full account here:http://www.bloomberg.com/news/articles/2015-09-15/jefferies-sued-over-office-culture-that-made-women-sex-objects-

And lastly, Anne-Marie Slaughter excerpted her new book in the New York Times this weekend focusing on the toxic work environment at US companies. She notes that even though women are earning more degrees and advanced degrees and start out as 50% of the workforce after school that number drops to 10-20% in senior management. And this issue is not just about advancement for women, Ms. Slaughter notes “When an abundance of overly rigid workplaces causes 42 million American citizens to live day to day in fear that just one single setback will prevent them from being able to care for their children, it’s not their problem, but ours.” This article is a must read: http://www.nytimes.com/2015/09/20/opinion/sunday/a-toxic-work-world.html

Huge thanks to our committee members for arranging a terrific line up of events for the Fall including a coed cocktail party and brewery tour in Dallas, our second annual Charity Shopping Night in Houston, Lunch with Mayor Betsy Price in Fort Worth, and a Holiday Luncheon in Austin.  Register early to avoid disappointment!

Kind regards

 

Christine

Happy Monday!

Sometimes it can feel that working in finance as a woman is an uphill battle and the numbers show that many women feel that is an undue burden and opt out. It gives me strength to  check in on how women are faring across the board and in other industries – there was a great article by a woman surgeon on making her way in a man’s world that sounds awfully familiar: http://www.huffingtonpost.com/niamey-wilson/the-secret-world-of-women-surgeons_b_8110786.html   And a great article on the state of women on television:http://www.nytimes.com/2015/09/13/opinion/sunday/the-golden-age-for-women-in-tv-is-actually-a-rerun.html?_r=0

And maybe this should come as no surprise as the World Bank issued a recent report that shows that most nations hinder women by putting restrictions on them: http://www.nytimes.com/2015/09/10/world/report-finds-most-nations-hinder-women.html

One side effect of the ongoing wage gap is the fact that it will have dangerous implications for millions of women as they reach retirement age and the effects that will have on our economy. The full article can be found here: http://www.cnbc.com/2015/09/03/whats-worse-than-the-gender-wage-gap-the-wealth-gap.html

As daunting as all this sounds, there are very important reasons why women need to stay in as detailed in Kevin Daum’s article – “7 Reasons Women Executives Make Better Leaders” The full article can be found here: http://www.inc.com/kevin-daum/7-reasons-women-executives-make-better-leaders.html

Huge thanks to our committee members for arranging a terrific line up of events for the Fall including a coed cocktail party and brewery tour in Dallas, our second annual Charity Shopping Night in Houston, Lunch with Mayor Betsy Price in Fort Worth, and a Holiday Luncheon in Austin.  Register early to avoid disappointment!

Kind regards

 

Christine

Happy Tuesday!

One of the consequences of the shift in seeing our jobs as a transaction and moving from one to the next to secure advancement is that we have a tendency to form less friendships at work which presents an issue in that the workplace used to be a major source of our friendships. And having these work-based friendships was a benefit to both the company and worker. Not having close social connections can impact communication and worker effectiveness, so if you don’t have close friendships at work, it is even more important to build a professional network outside of work to provide the support and friendship we all need. The full article can be found here:http://www.nytimes.com/2015/09/06/opinion/sunday/adam-grant-friends-at-work-not-so-much.html?_r=0

Studies have shown that when we are in a stressful environment, our bodies react to that stress even if the situation causing the stress does not directly impact us. In a recent Harvard Business Review article, they detail the steps we can take to immunize ourselves from that. The full article can be found here: https://hbr.org/2015/09/make-yourself-immune-to-secondhand-stress

Recently there have been many high profile announcements about more generous family leave policies. The issue of course is that do new parents actually feel comfortable taking that leave or will they be relegated to the parent-track that will slow their advancement? Claire Cain Mitchell explores the issue in a recent article: http://www.nytimes.com/2015/09/02/upshot/big-leaps-for-parental-leave-if-workers-actually-follow-through.html

And lastly, sometimes a father is the one that steps back from work and becomes the primary caregiver. The issues they face are detailed in a recent article that can be found here: http://www.wsj.com/articles/dealing-with-the-daddy-track-men-face-challenges-going-part-time-1441099800

Huge thanks to our committee members for arranging a terrific line up of events for the Fall including a coed cocktail party and brewery tour in Dallas, our second annual Charity Shopping Night in Houston, Lunch with Mayor Betsy Price in Fort Worth, and a Holiday Luncheon in Austin.  Register early to avoid disappointment!

Kind regards

 

Christine

Happy Monday!

There was a great opinion piece last week commenting on the lavish perks that working moms are being offered that highlighted the fundamental disconnect between  the 80% of business leaders who are men and the majority of married workers who are from dual income households. A Harvard study noted that 60 percent of the men have spouses who don’t work full-time outside the home, compared with only 10 percent of the women. This disconnect puts real pressure on the women who are trying to work their way to the C-Suite – the full article can be found here: http://www.nytimes.com/2015/08/24/opinion/the-workplace-culture-that-flying-nannies-wont-fix.html?_r=0

And it seems as if parent’s math anxiety can be passed along to their children: http://well.blogs.nytimes.com/2015/08/24/square-root-of-kids-math-anxiety-their-parents-help/  Time for a tutor?

Much of the research has shown that diversity numbers have barely budged over the years – growth in the number of women and minorities in senior roles and on boards has barely changed and a new survey from Bloomberg shows an alarming trend.  The number of women in management roles increased to 38.6% in 2013 up from37.5% in 2008. Disturbingly, while women made slight gains, representation by African Americans and Hispanics declined. The upshot of the report? “Barriers to entry may still exist.’ May indeed…..   http://www.bloomberg.com/news/articles/2015-08-24/women-management-ranks-grow-as-african-americans-decline

From the Harvard Business Review, a recent study showed that women executives receive less stock compensation than men – without that component of incentive pay, achieving pay parity will be an unattainable goal: https://hbr.org/2015/08/female-ceos-find-stock-based-pay-harder-to-get-easier-to-lose

And finally, the debate about adding women to management often hinges on their ‘commitment’ and availability – a new Harvard Business Review study notes that ‘long hours backfire for both people and companies.’ https://hbr.org/2015/08/the-research-is-clear-long-hours-backfire-for-people-and-for-companies

Huge thanks to our committee members for arranging a terrific line up of events for the Fall including a coed cocktail party and brewery tour in Dallas, our second annual Charity Shopping Night in Houston, and a Holiday Luncheon in Austin.  Register early to avoid disappointment!

Kind regards

 

Christine

Happy Monday!

To begin with, outside the world of finance, last week 2 women graduated from Army Ranger School. This is significant because all of the Army generals in history have had combat experience and these women have demonstrated that they were strong and tough enough to get through the army’s toughest combat training paving the way for promotions for themselves to the highest levels of service. Kudos to them:  http://www.wsj.com/articles/first-female-soldiers-to-graduate-from-armys-ranger-school-1439920871

There is also a call for a woman to lead the UN for the first time in its 70 year history. There are some that say that if the first woman who comes in does a less than stellar job it will reflect poorly on women and keep them from getting the post in the future. My response to that is that men have had 70 years – some with good records and some with less than good ones, so why don’t women have the same opportunity? The full article can be found here: http://www.nytimes.com/2015/08/23/world/after-70-years-of-men-some-say-it-is-high-time-a-woman-led-the-un.html?_r=0

From the more good news front, although the rate of new business starts has slowed, the share of women-owned businesses has increased: http://www.wsj.com/articles/women-make-strides-in-business-ownership-1440028664

A great commentary from Fay Vincent who was former CEO of Columbia Pictures and commissioner of Major League Baseball on the importance of both having a being a mentor. The title says it all: ‘We All Need A Few Good Mentors’http://www.wsj.com/articles/we-all-need-a-few-good-mentors-1439764859

And lastly, while much of the news focuses on kinder more evolved policies like paid travel for nannies, competition for the top ranks at the top companies is nothing short of brutal: http://www.nytimes.com/2015/08/18/business/work-policies-may-be-kinder-but-brutal-competition-isnt.html?_r=0

Huge thanks to our committee members for arranging a terrific line up of events for the Fall including a coed cocktail party and brewery tour in Dallas, our second annual Charity Shopping Night in Houston, and a Holiday Luncheon in Austin.  Register early to avoid disappointment!

Kind regards

 

Christine

Happy Monday!

As you may be aware, the headlines last week included the fact that public companies will need to begin disclosing the pay gap between CEOs and workers. An additional suggestion was to also make companies disclose their gender pay gap. It has been suggested that disclosing that gap would be much cheaper than the billions spent on training employees to spot unconscious bias and other discriminatory practices. The full article can be found here: http://www.nytimes.com/2015/08/13/opinion/lets-expose-the-gender-pay-gap.html?_r=0

Kudos to KKR for taking their commitment to diversity seriously. Not only have they extended parental leave for men and women, they have added the perk of paying a child and their caregiver to accompany the parent on work trips. The full article can be found here: http://www.bloomberg.com/news/articles/2015-08-13/wall-street-s-gilded-maternity-perk-flying-nannies

And lastly, there was a great read in the Harvard Business Journal documenting the loss to productivity when companies view male management styles as superior and ignore the strengths women bring to the table – this will be especially problematic as women have been receiving the majority of undergraduate and graduate degrees for years, and this bias will shrink the talent pool for companies who do not adapt. The full article can be found here: https://hbr.org/2015/07/to-hold-women-back-keep-treating-them-like-men

Huge thanks to our committee members for arranging a terrific line up of events for the Fall including a coed cocktail party and brewery tour in Dallas, our second annual Charity Shopping Night in Houston, and a Holiday Luncheon in Austin.  Register early to avoid disappointment!

Kind regards

 

Christine