In his recent LinkedIn post, PricewaterhouseCooper’s (PwC) Bob Moritz, Chairman and Senior Partner, shares steps CEOs can take to tackle the challenge of diversifying corporate leadership and closing the gap. Bob, one of our 2013 “Making a Difference for Women” Award recipients, highlights accountability, inclusivity, and awareness, all of which seem to be common sense. However, it is in implementation of these principles, or lack thereof, where some companies miss the mark and PwC leads. Bob acknowledges that the solution goes beyond women’s ambition, requiring work by institutions and individuals, BOTH men and women. We all need to work together, not just to discuss what needs to be done, but to take action.
A record 1,078 women have won theirprimaries for state legislative seats in the 2012 cycle so far, according to a new analysis by the 2012 Project, a nonpartisan undertaking of Rutgers' Center for American Women and Politics. Those results, however, are for just 23 states and represent fewer than half of the state legislative seats up for election. A total of 44 states have 6,012 state legislative seats up for grabs in the 2012 cycle.
"We could still increase the numbers serving, up from today's 23.7 percent," said Mary Hughes, director of the 2012 Project, on women in state legislatures. "I see widely varying possibilities among the states. California is down 10 women nominees from 2010. In states with early focused efforts to recruit women, such as Illinois, there appear to be good results for women candidates. Illinois has a record-breaking 75 women candidates, up 9 versus 2010."
The ascent of Ms. Mayer and women like Meg Whitman at Hewlett-Packard, Virginia Rometty at I.B.M. and Sheryl Sandberg at Facebook contrasts sharply with the continuing misfortunes of many women on Wall Street.
In the spring, when JPMorgan Chase disclosed a $3 billion trading loss (which has since climbed to an estimated $5.8 billion), Ina R. Drew, the head of the bank’s chief investment office, became the first casualty. Ms. Drew resigned immediately and is now expected to lose the equivalent of two years’ compensation, an estimated $30 million, for her involvement in the fiasco.
Her departure followed unceremonious exits last year by female executives on Wall Street, where the scarcity of women in top positions has become a bitter symbol of the low status women hold in U.S. corporate life. JPMorgan Chase lost Heidi Miller, the former head of the bank’s international operations, and at Bank of America, Sallie Krawcheck, who ran the company’s wealth management division, also left. Zoe Cruz, another high-profile Wall Street executive and former co-head of Morgan Stanley, was ousted in 2007.
The figures tell an alarming story. Women make up more than half of the work force in the financial industry but are chief executives at fewer than 3 percent of U.S. financial companies, according to Catalyst, a New York-based global research and consulting nonprofit focused on women’s career advancement.
In 1983, Sally Ride became the first American woman in space. She blasted off aboard Challenger, culminating a long journey that started in 1977 when the Ph.D. candidate answered an ad seeking astronauts for NASA missions.
According to her official biography, by the time Ride decided to apply to become an astronaut, she had already received degrees in physics and English and was on her way to a Ph.D. in physics from Stanford University.
It’s shaping up to be a record-breaking year for women running for office, reports National Journal’s Hotline (behind paywall).
According to figures collected by Rutgers's Center for American Women and Politics, fully 296 women filed to run for the House this year, shattering the previous record (262) set in 2010. And with primaries in 19 states still to come, plus a few runoffs, 113 women have already won their party's nomination and advanced to Nov.
The record for women nominees in one year is 141, set in 2004. That could fall, too; for one thing, there are still 11 more female incumbents with token primaries ahead. Already, almost as many Dem women have won nominations (85) as in 2004 (88), though the GOP is lagging a bit. Still, local or nat'l GOPers tapped women as their marquee candidates in a number of upcoming primaries, including MI-11 (Nancy Cassis, the local establishment's pick as a write-in nominee), MO-02 (Ann Wagner), and AZ-02 (Martha McSally), among others.
One other record to consider is the number of women serving in the House, which is 76. There are 75 currently serving and 6 aren't running for reelection, while another 9 could be considered in some degree of electoral peril. But not all will lose or be replaced by men, and both parties have female nominees poised to capture male-held seats, like GOPer Walorski (IN-02) and Dem Duckworth (IL-08), to name just two.
Japan's world champion women's football team took exception to flying economy while their male counterparts sat in business class on a flight to Europe for the Olympics. The Japan Football Association said the men flew in business because they are professionals.
The women's team was assigned seats in premium economy for the 13-hour flight to Paris while the nation's under-23 men's team was up front on the same flight.
"It should have been the other way around," 2011 FIFA women's world player of the year Homare Sawa told Japanese media after arriving in the French capital. "Even just in terms of age we are senior."
Basketball Australia says it will review its travel policy for national teams after complaints that the men flew business class to the Olympics while most of the women sat in premium economy.
The women's team is by far the most successful of the two, having won silver medals at the last three Olympics. The men, who will be led in London by San Antonio Spurs point guard Patty Mills, have never won an Olympic medal.
Issue brief from the Center for American Progress:
This issue brief examines the state of women of color in the United States at large in regards to four key areas: the workplace wage gap, health, educational attainment, and political leadership. While conversations in the mainstream media would suggest that women of color are a monolithic entity, it is important to note that women of color are a diverse group with a variety of experiences. We offer specific data points on various racial and ethnic groups where available as we present the issues of greatest importance to women of color today, but remember that data are not always available for direct comparisons of different groups of women of color compared to their white counterparts.
But this wasn't just any excited mom-to-be. This was 37-year-old Marissa Mayer, the newly named CEO of Yahoo – obviously a huge achievement for anyone, but especially for a woman in the male-dominated tech industry. And she was about six months pregnant, to boot.
Exciting news – especially for Mayer and her husband, of course – but did it mean something for the rest of us, too? Was it a watershed moment in the perennial debate over whether women can "have it all," with the pendulum swinging happily in the positive direction?
Or was it, as some claimed in the inevitable back-and-forth on Twitter, actually a development that would increase pressure on other working moms, who might not have nearly the resources that Mayer does, in terms of wealth, power, talent and flexibility on the job?
Or was it even sexist to raise the question at all? Would anyone be saying anything if the new Yahoo CEO were an expectant father? No, went a frequent online thread: No one would even pay attention to that.