TXWSW Newsletter / Women and Money / Tax on Successful Spouses / Council of Institutional Investors / Toxic Silicon Valley / Minority CEOs Missing

The first article explores the complex relationship women have with money. We all know that money is power and yet from an early age, girls are not socialized to believe that is it ok for them to have ambition about creating wealth. The full article can be found here.
The next article explores the hidden tax men levy on their ambitious spouses or partners. It seems that when a wife earns more than her husband, she actually spends more time on household chores and is more likely to end up divorced. This is one glass ceiling that should be easy to shatter with more careful choosing of one’s partner. The full article can be found here.
A recent WSJ article noted that the powerful Council of Institutional Investors, which represents 130 pension funds with more than $3.5 trillion in assets, wants corporate board members to take a stronger stance in the fight against harassment. The full article can be found here.
It seems the SEC is also beginning to take a proactive stance with a questionnaire that allows firms to assess themselves and share the information with investors. While this is not a mandatory requirement, it is a good first step. The full article can be found here.
And if this seems like overkill to anyone, the next article illustrates just how toxic the Silicon Valley culture is. Vanity Fair did a recent expose on the industry’s high-end sex parties. It seems if a woman is invited and declines, she is marked and if she attends and participates, she faces a different stigma. The full article can be found here.
Finally, from the LA Times, it seems that even among Harvard MBA’s, few black women ever reach into senior management. “With American Express Chief Executive Kenneth Chenault stepping down, there are just three black CEOs in the Fortune 500. And with the departure of former CEO Ursula Burns from Xerox, announced in 2016, there are no black female CEOs leading companies in the S&P 500 index.” 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

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