I hope you all enjoyed the long holiday weekend and some well-deserved time off! So some exciting news to start with – Deloitte just named its first female CEO, Cathy Engelbert. She is the first CEO of a big four firm. The full article can be found here: http://www.wsj.com/articles/deloitte-taps-cathy-engelbert-as-chief-executive-1423492486
The Deloitte appointment notwithstanding, it always seems to me that when a company is in terrible trouble, it gets handed over to a female CEO – consider a few recent cases: General Motors (recall issue), Duke Energy (massive environmental issue), Yahoo (obsolescence), IBM (ditto), and the Federal Reserve (massive liquidity/debt experiment). There are more, but you get the gist. And if that were not bad enough, these women who were handed companies with major issues are now not even being given the runway to try to sort them out before being pounced on by activist investors. This makes for fascinating reading: http://dealbook.nytimes.com/2015/02/09/the-women-of-the-s-p-500-and-investor-activism/?_r=0
And lastly, we have our biggest event of the year coming up April 23rd in Dallas – you will not want to miss this as we have an all-star lineup of investors giving their global market outlook including Mary Erdoes of JP Morgan, Katie Stockton of BTIG, Elena Ranguelova of Investcorp and hedge fund manager, Lilian Zhou will be joining us from Shanghai. The event supports the Young Women’s College Preparatory network that runs 7 schools in Texas that provide a college preparatory education to underserved young girls across the state. And why is girls’ education so important? Studies show that if you change the outcome for a young girl, you change the outcome for future generations – an investment that pays dividends. And young girls trying to get an education are under siege: http://www.nytimes.com/2015/02/10/world/schoolgirls-are-facing-more-threats-united-nations-reports.html?_r=0
Men and women are welcome to attend the April 23rd event, so please help us get the word out – it is a great event with TWO cocktail hours, so plenty of great networking as well as great content!
We have one more event in February – a fun evening planned at the Queen Vic Pub & Kitchen, and lots in store for March. Come out and meet our new committee members and share your ideas for future events! Register early to avoid disappointment!