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!