The World Economic Forum posted two articles worth reading – the first “How 3 Female Leaders Dealt with Sexism” recounts the stories told to them by Indyra Nooyi, CEO of Pepsi, Drew Faust, President of Harvard and Christine Lagarde, Head of the IMF. The full article can be found here: https://www.weforum.org/agenda/2016/04/it-s-a-man-s-world-sweetie-how-3-female-leaders-dealt-with-sexism/
The second article takes on the stubborn gender pay gap. Reasoning goes that women are found in occupations that pay less than men, but the WEF study found that women are paid less than men for doing the same job – particularly in higher paying fields like engineering. One twist in the story, the study found, is that when more women move into a career field, the overall pay for that job goes down, so this is a problem that starts at the top. The full article can be found here: https://www.weforum.org/agenda/2016/04/the-simple-reason-for-the-gender-pay-gap-work-done-by-women-is-still-valued-less/
From the good news file, Leda Braga was just named to Institutional Investor’s annual list of richest hedge fund managers – and with good reason. Her fund was up 6.4% through April 8th. Read on: http://www.businessinsider.com/leda-braga-systematica-hedge-fund-rich-list-2016-5
Nicholas Kristof wrote a brilliant op ed in the NY Times this weekend and the title says it all “When Women Win, Men Win Too.” In his piece he details all the professions where adding women has had a positive impact – for example, adding women to the police force resulted in fewer domestic violence killings. An economist at MIT notes that discrimination harms not only its victims but all of society. The full article can be found here: http://www.nytimes.com/2016/07/31/opinion/sunday/when-women-win-men-win-too.html?_r=0
Many of you have written in asking why I did not touch on the Roger Ailes/ Fox News scandal last week. I think it is so beyond reason that a man can have created such a toxic culture of sexual harassment and intimidation for decades and get paid a $60 million exit bonus instead of facing prosecution that it is not worth commenting on. The positive fallout from this is that when a top advertising executive made dismissive comments about gender diversity, he was placed on leave in short order – perhaps all of this poor behavior is finally becoming a liability. Read on: http://www.nytimes.com/2016/08/01/business/publicis-ad-executive-sidelined-by-gender-diversity-comments.html
And finally, a new survey found that women entrepreneurs are able to start businesses with half as much money as their male counterparts. The upshot? “Women have been doing more with less since the dawn of time.” The full article can be found here:http://nymag.com/thecut/2016/07/women-entrepreneurs-need-half-the-money-men-do.html
We have some fabulous events lined up for the Fall so please check out the schedule and register soon! We thank you all for your continued support as we continue to grow and look forward to seeing you all soon! Also, don’t forget to join our Facebook page and private LinkedIn Group both of which give you the opportunity to engage with your fellow members online! Please visit www.txwsw.com to learn more and register for events.