Women & Minorities Penalized for Promoting Diversity; Tennis Women Riding Coattails and Erin Callan’s New Book

Happy Monday!
In my posts, we have often discussed the phenomenon of what a friend of mine aptly calls the ‘drawbridge’ woman – a woman who makes it through the glass ceiling and then does not reach back through to lend a hand to other women and minorities trying to break through. A recent study published in the Harvard Business Review notes that when women and minorities try to promote those like them, they are criticized and penalized for it which may explain why the gender gap in management has proved to be so intractable. Read on: https://hbr.org/2016/03/women-and-minorities-are-penalized-for-promoting-diversity#
Which brings us to the field of technology where a recent WSJ article published the results of a survey of 9,000+ employees. The survey  found that 29.9% of female employees felt gender played a role in their missing a promotion or raise and 37% of those women felt that their gender would hamper them in the future. Considering that women make up only 15% of all senior executives in the technology industry, they may be justified in their feelings. The full article can be found here:http://www.wsj.com/articles/whats-holding-back-women-in-tech-1458639004
In case you missed it, in the tennis world last week, Raymond Moore, tournament director of the BNP Paribas Open made headlines when he shared his belief that women professional tennis players were ‘riding on the coattails’ of men. Maybe someone forgot to tell him that for last year’s US Open, the tickets for the women’s final sold out before the men’s final.  Mr. Moore was removed from his position. The full article can be found here:http://www.nytimes.com/2016/03/21/sports/tennis/victoria-azarenka-upsets-serena-williams-at-indian-wells.html
From the halls of higher education, Berkeley made the news this week with a series of sexual harassment lawsuits coming out all at once. Berkeley is known for its liberal activism, so it is surprising that of all the schools out there, they have not taken campus sexual harassment and violence more seriously until legal action is seemingly forcing them to do so. The full article can be found here: http://www.nytimes.com/2016/03/25/us/sexual-harassment-cases-tarnish-berkeleys-image-as-a-center-of-social-activism.html
Lastly, Erin Callan, who was handed the CFO role at Lehman Brothers just before its 2008 collapse, recently published a book giving her inside story of what happened, and how she came through that very rough journey. The full article can be found here:  http://fortune.com/2016/03/21/erin-callan-lehman-book/
I hope you will all join us on April 28th for TXWSW 7th annual State of the Markets event – we are thrilled and honored to have an all-star line-up of CIOs who will share their opinions on their market outlook. The panelists this year include Janet Handley, CIO of the Texas A&M Endowment, Katherine Nixon, CIO of Northern Trust, Carol McFate, CIO of Xerox Corporation and Paul Ballard, CIO of Texas Treasury Safekeeping & Trust Company. For our sponsor breakfast on April 29th, we will have secured the Editor of “The Daily Shot” and Danielle DiMartino Booth of Money Strong as our keynote speakers.  Tickets are on sale and sponsorships are available. We thank you all for your continued support as we continue to grow and look forward to seeing you all soon!
Very kind regards

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