We have our End of Summer Happy Hour in Dallas tonight and a Flower Arranging Class in Austin tomorrow – we have a few spots left for both, so please sign up today!
To begin, the portfolio management team responsible for a $42 billion equity portfolio at Nordea Bank AB ran a study of almost 11,000 publicly traded companies across the globe, and the results showed that firms with a woman at the helm perform far better than the market. The full article can be found here.
Another fund using the outperformance that comes with diversity to their advantage is Ides Capital in NYC. They are an activist hedge fund with a spin – namely increasing talent diversification to improve results. The full article can be found here.
With such clear evidence of outperformance, the question is, if markets are rational, why aren’t there more women in leadership roles? The New York Times published an in-depth article on the subject interviewing women who almost made it to the top and it seems that the real reason behind lack of progress is the resistance they encountered specifically from male colleagues. Interestingly, none of the women interviewed noted a lack of child care or ambition as factors keeping them from their goals. The full article can be found here.
As a follow up to that thought, the Rockefeller Foundation released results of a new survey says that male attitudes towards women played a huge role in the lack of female leadership. In the survey, nearly all respondents noted that men and women were equally qualified to lead, while 90% of women surveyed noted that attitudes of men in a company play a role in holding women back. The results are not about blaming men, but the fact is that men make up the vast majority of leadership in corporate America, and they are responsible for giving women the opportunity to rise through the pipeline. The full article can be found here.
Finally, less than a month after Equal Pay Day, a federal court has ruled that women can be paid less than men for doing the same job based on what their previous salary was. This ruling allows prior discriminatory salary setting to justify a woman’s future salary. The full article can be found here.
We have some terrific events lined up for you this year and look forward to seeing you all at an event in 2017! To learn more about our 2017 events, please visit www.txwsw.com Please also scroll to the end of this newsletter to check out some interesting jobs from our network.
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