Firstly, congratulations to TXWSW’s very own Danielle DiMartino-Booth on her new role at the Liscio Report. After 8 years at the Dallas Fed working for Richard Fisher, we now get to read her commentary before it is a year old. I am pleased to share her piece entitled The Sin of Commission here: http://tlrii.typepad.com/theliscioreport/2015/06/the-sin-of-commission.html
Kudos to NYC Comptroller Scott Stringer for implementing an innovative tool in the evaluation of their external money managers to focus on the amount of diversity a manager brings to the table. To quote: Diversity is not merely a social value, it has strong economic value for our investments,” Mr. Stringer said in a news release. “We want the companies in which we invest to harness the economic and financial benefits of diversity. Now we’re going to ask the people who help us choose where to invest our money to show us that they walk the talk when it comes to diversity.” The full article can be found here:http://www.pionline.com/article/20150501/ONLINE/150509994/nyc-comptroller-rolls-out-diversity-initiative-for-evaluating-managers
A thump on the head to Silicon Valley – in spite of their commitment to increased diversity, little progress has been made. More sound and fury: http://bits.blogs.nytimes.com/2015/06/28/new-diversity-reports-show-the-same-old-results/?_r=0
And an editorial from Pensions & Investments on why investors should push companies to do something about board diversity before it becomes a government mandate: http://www.pionline.com/article/20150518/PRINT/305189999/the-dividends-of-diversity
Lastly, a great article whose title says it all: ‘Why Women Apologize and Should Stop.’ After I read the article, I had to communicate with someone who had let me down on a deliverable, and my first instinct would have been to include an apology even though this person was in the wrong. The article’s advice of drop the apology and focus instead on the message was a very powerful one and got the results I needed. This is a worthwhile read:http://www.nytimes.com/2015/06/23/opinion/when-an-apology-is-anything-but.html
We have a terrific line up of events for the summer months. Don’t forget we take August off, so sign up now for June and July. Register early to avoid disappointment!