From the really good news file, Goldman has pledged $10 billion over ten years to improve economic opportunity for black women in the US. In addition to investing in companies that are owned by black women, the investment dollars will also be targeted to housing, health care, education, job creation, workforce advancement etc. Kudos to them for taking on this important project. The full article can be found here.
A recent McKinsey article examined the issue of why there are so few women in the C-suite and on boards. Aptly titled, the doors may be opening wider, but the halls remain narrow notes that while women are half of entry level employees, the numbers are anything but equal at the top. McKinsey targets the $3.9 trillion PE industry as a place where changes can happen as PE companies have an outsize influence on their portfolio companies. If these 4,700 firms were to make it a priority to reduce gender and racial bias, they could literally change the face of business. The full article can be found here.
Our calendar is filling up with amazing events. We have also incorporated a unique networking opportunity at the outset of each event so our members are connected beyond the event itself. We are excited for our economic outlook events with Dr. Lev Borodovsky, Danielle Di Martino Booth and a series of happy hours with the TXWSW board so you can get to know us better and give us your feedback. Check out our new site for more details.
I would ask each of you to consider corporate sponsorship of TXWSW. Benefits include attendance at our flagship events and recognition for your firm. And most importantly, you help us support the life-changing work of the Young Women’s Preparatory Network. To learn more about YWPN, you can find a short video here. To learn more and sponsorship, you may find our sponsor information here. Additionally, we would be happy to create a custom sponsorship for you. Please contact Bianca King at firstname.lastname@example.org