TXWSW Newsletter / State of the Markets / Gender Bias / UK fixing Gender Pay Gap / Lean In / 10th Anniversary

Happy Monday:
We are one month out from our flagship State of the Markets event in Dallas on April 26th! With the recent market turmoil, you will not want to miss hearing from award-winning CIOs including McCall Cravens of Hunt Global Investments, Tom Tull of the Employees Retirement System of Texas, and Catharine Burkett of LCG Associates. We are also thrilled to have Fed soothsayer Danielle DiMartino Booth joining us again as well, so you get access to the best minds in the business, cocktails, and networking all in support of a great cause! Please register early to avoid disappointment. The link may be found here.
To determine just how ingrained gender bias is, a professor at the University of Warwick asked a workshop full of executives who did not speak much English to draw their idea of what a leader should be. It seems that both men and women almost always draw men. The good news is that the problem can be overcome by exposing people to more women in leadership roles. The full article can be found here and makes for fascinating reading.
It seems that the New York State Common Retirement Fund is taking concrete steps to do just that. The plan intends to oppose the re-election of directors at hundreds of US corporate boards that do not have any women. They are following in the footsteps of Calsters, Rhode Island, Massachusetts, and Blackrock in using their clout to speed up the time frame of adding women to boards. Since the studies show that adding women to boards improves performance, it only makes economic sense. The full article can be found here.
The UK recently passed legislation requiring companies to publish their gender pay gap. At Goldman, it seems women make 36% less than their male counterparts reflecting a lack of women in senior roles that has proved to be a continuing problem for Wall Street Banks as a whole and this at a time when women are graduating at college at higher rates than men. The full article can be found here.
This month marks the five-year anniversary of the publication of Sheryl Sandberg’s Lean In. The book has been a powerful mentor to some women while others have dismissed it as naïve and its advice not relevant for women who needed their jobs because their economic security depended on it. Certainly, it did allow for women “to be overtly and unapologetically ambitious.” The New York Times interviewed a broad selection of women to get their views on what the book and ensuing conversation has meant to them. The full article can be foundhere.
Finally, the New York Times recently interviewed Adena Friedman who was recently appointed CEO of Nasdaq. Her journey from daughter of a trader to CEO makes for interesting reading. The full article can be found here.
To help us celebrate our ten-year anniversary, I would ask each of you to consider corporate sponsorship of TXWSW. Benefits include attendance at our flagship events and recognition for your firm. To learn more, you may find our sponsor information here. Additionally, we would be happy to create a custom sponsorship for you. Please contact Bianca King at developmentdirector@txwsw.com.
We have some terrific events lined up for you in 2018 including our ten-year anniversary celebrations in August! We look forward to seeing you all at an event in 2018! To learn more about our 2018 events, please visit www.txwsw.com Please also scroll to the end of this newsletter to check out some interesting jobs from our network.
Kind regards

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