Happy Monday!
The big news this week is that Ellen Pao has lost her discrimination case against Kleiner Perkins. This loss came in spite of the fact that the trial judge found enough evidence of bias that he instructed the jury to consider punitive damages. A friend of mine active in the venture world said this case will be like the Anita Hill case – one that broke ground and that we look back on as an error in judgement shaped by society’s biases at the time. The full article can be found here:http://www.nytimes.com/2015/03/28/technology/ellen-pao-kleiner-perkins-case-decision.html?_r=0 And how the trial shook things up: http://www.nytimes.com/2015/03/28/technology/ellen-pao-disrupts-how-silicon-valley-does-business.html?rref=technology&module=Ribbon&version=context®ion=Header&action=click&contentCollection=Technology&pgtype=article
CNN did a great interview this week with two sisters who have beat the odds and become CEO’s of public companies in the US. The common denominator? They had strong support from a father who was a successful corporate executive himself and encouraged them to follow in his footsteps. The power of mentoring in action. The full article can be found here:http://money.cnn.com/2015/03/26/investing/sister-ceos-powerful-women-campbell-soup-frontier/
The Federal Reserve just released a study on the pay disparity between men and women at the top levels of management. The biggest takeaway – women get less incentive compensation than their male peers, so they don’t have as much to gain when the companies they run perform well, but have much more exposure on the downside. The full article can be found here:
http://www.bloomberg.com/news/articles/2015-03-24/here-s-how-top-female-executives-end-up-getting-paid-less-than-men
In a recent Preqin study, it turns out the Hong Kong leans the pack when it comes to diversity in the C-Suite of hedge funds. To find out how other countries stack up, read on: http://thetally.efinancialnews.com/2015/03/female-hedge-fund-manager-seeking-senior-role-head-hong-kong/
And lastly, we have our biggest event of the year coming up April 23rd in Dallas – you will not want to miss this as we have an all-star lineup of investors giving their global market outlook including Mary Erdoes of JP Morgan, Katie Stockton of BTIG, Elena Ranguelova of Investcorp and Lilian Zhou will be joining us from Shanghai. Britt Harris from TRS will be moderating and we look forward to his questions. The event supports the Young Women’s College Preparatory network that supports 7 schools in Texas that provide a college preparatory education to underserved young girls across the state. And why is girls’ education so important? Studies show that if you change the outcome for a young girl, you change the outcome for future generations – an investment that pays dividends. And young girls trying to get an education are under siege:http://www.nytimes.com/2015/02/10/world/schoolgirls-are-facing-more-threats-united-nations-reports.html?_r=0
Men and women are welcome to attend the April 23rd event, so please help us get the word out – it is a great event with TWO cocktail hours, so plenty of great networking as well as great content!
We have a terrific line up of events for April. Come out and meet our new committee members and share your ideas for future events! Register early to avoid disappointment!
Kind regards
Christine
