A Woman's View from the Street, 2/7/20

TXWSW, Limitless

Happy Friday!

Celebrating our Limitless Leaders: today we honor Anida Akhmurzina. Anida is an Audit Senior Manager with Deloitte and a TXWSW Networking Committee Member. Read more about why she gives back: https://txwsw.com/volunteer-spotlight-anida-akhmurzina-limitless-leader/

The first article comes from a friend who runs her own firm, so the subject is near and dear to her heart. A recent Atlantic article notes that after getting promoted to CEO, women are twice as likely as men to get divorced. Derek explores many of the possible causes, from violated expectations to shifting priorities to destabilized routines. My friend notes that it would have been interesting to delve further into the evidence on precarious manhood, which suggests that some men feel insecure when their wives become the breadwinners or the powerholders. It’s a good reminder for all of us that when the women we love succeed, it’s not a threat to our status—it’s a cause for celebration. The full article can be found here.

On the topic of CEOs, a recent WSJ article asks the question that if women are earning the majority of advanced degrees and make up half the workforce, why are only 6% of CEO positions held by women? It seems that early on in their careers, women are moved into roles without P&L responsibility and there is a lack of consistent effort at building a pipeline of women. In other words, women, and especially women of color, are not given leadership opportunities. The full article can be found here.

Kudos to Goldman Sachs on their recent announcement that they will not take companies public that do not have at least one female director. Goldman joins Blackrock, Vanguard and the State of California in pushing firms towards more diversity. To quote Goldman CEO David Solomon “in the past four years, the public offerings of U.S. companies with at least one female director performed “significantly better” than those without.” The full article can be found here.

I would ask each of you to consider corporate sponsorship of TXWSW. Benefits include attendance at our flagship events and recognition for your firm. To learn more, you may find our sponsor information here. Additionally, we would be happy to create a custom sponsorship for you. Please contact Bianca King at developmentdirector@txwsw.com 

Kind regards


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