Happy Monday:
To begin, from Bloomberg, more proof that Wall Street is still a boy’s club. A new study shows that women are far less likely to engage in misconduct than men, but when they do, they are punished far more harshly than men. Perhaps if punishment were meted out more evenly, there would be less rule breakers overall. The full article can be found here.
Which brings us to the venture capital world – Kirsten Green translated her years of analyst experience into venture investing focused on the retail sector. Her investments into The Dollar Shave Club and Jet.com have landed her the #12 spot in the annual list of the top 20 venture capitalists worldwide. The full article can be found here. On the other end of the spectrum is an opinion piece on the flaws of the “bro” culture that pervades start up tech firms and the billions of dollars of value destroyed by toxic workplace culture. The full article can be found here.
Speaking of great performance, a recent FT article notes that hedge funds run by women have outperformed a benchmark of alternative investment managers for the past 5 years. This of course begs the question as to why women-run firms have so few assets under management. The article covers the never-ending circular argument that women led firms have less assets under management so it is harder to allocate to them. If Wall Street is a true meritocracy, then why does this issue persist? The full article can be found here.
Following on that chord, the next article is about a male boss who signed his emails with a female colleague’s name and he described the two week experience as “hell.” Men are often quick to dismiss claims of gender bias in the workplace, but this experiment produced some eye-opening results. To quote “Nicole had the most productive week of her career. I realized the reason she took longer is bc she had to convince clients to respect her. By the time she could get clients to accept that she knew what she was doing, I could get halfway through another client.” Read on.
And finally, I am sure you have all seen the BBC Dad video; well, a New Zealand comedy show did a take on what would have happened if a mom was interrupted during an on-camera interview. The results are very true and hilarious. The video can be found here.
We have some terrific events lined up for you this year and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com