Showing posts with label women in business. Show all posts
Showing posts with label women in business. Show all posts

Tuesday, March 22, 2011

Investor Activism – How Investors Can Make a Difference for Women

Last week one of my favorite blogs, The Glass Hammer, posted this thoughtful article by Melissa J. Anderson on the value of female executives at today's corporations and how investors can help promote gender equality in the workplace.

From The Glass Hammer:

    Pax World just released a paper written by Keefe, Gender Equality as an Investment Concept, drawing together a decade of research on the strategic value of women in leadership roles at today’s corporations. “I was trying to really call attention to the fact that investors can make a difference,” Keefe said.

    He explained, “I thought that if we better publicize that research, it will underscore the point that companies that do a better job retaining and advancing women are better companies. Investing in these companies is a smarter way to invest.”

    Changing the Game and Investing Smarter

    “There are not nearly enough women in the boards of Fortune 500 companies. People have been wringing their hands, saying ‘isn’t this terrible.’ But we can actually do something about this,” Keefe explained. “Corporations have to listen to their shareholders,” he said.

    Investors can change the game for women in leadership, and as the research paper revealed, investors should do work to change the game.

    Keefe says there are three things individual shareholders can do to to influence companies to improve gender balance. “A very promising strategy is that investors can say no to all-male public boards. Withhold support when you receive your proxies. Instruct your individual advisor or other representative to vote on proxies in a way that is consistent with your values.”

Read more here

Saturday, November 20, 2010

Brace Yourself: It’s Almost Holiday Season

Can you believe Thanksgiving is less than a week away? We all love the holidays, but they certainly don’t make themselves. Making the holidays memorable for your family takes a lot of work, and with that work comes a hefty amount of stress. The Glass Hammer.com posted a great entry with advice on how to have a relatively "frazzle-free" November and December.

    1. Start Planning Your Calendar Now

    True story: For a few summers in college, I worked at a large craft supply store – working the register, designing store displays, and stocking merchandise. Mid-July every year, as soon as we packed up our Independence Day craft supplies, up went the DIY Christmas ornaments and decorations.

    About half of our customers complained – it’s too early! But the rest of them jumped on board. While these overzealous crafters maybe had too much time on their hands, we can learn something from them.

    Start planning your calendar for the next two months now. That way, you won’t double book yourself. Or if you do, at least you won’t be caught off guard. If your December work party, your partner’s office holiday drinks, and your kid’s winter play all fall on the same evening, it’s best to know now, right?

    2. But Don’t Get Too Serious

    There’s a not-so-fine line between being prepared and being inflexible. Acknowledge that the unexpected WILL happen. Staying flexible will help you maintain calm – both outside work and in the office. Everyone is stressed this time of year – and that means missed deadlines and last minute rescheduling. Keeping this in mind will help avoid some headaches.

Continue reading at The Glass Hammer.com...

Wednesday, August 04, 2010

A Labor Market Punishing to Mothers

Many of us are already aware that there are more men in powerful corporate positions than women. In fact, out of the Fortune 500 companies, only 15 have women CEO’s. However, according to this article from the New York Times single women without children, are often favored over mothers.

The last three men nominated to the Supreme Court have all been married and, among them, have seven children. The last three women — Elena Kagan, Sonia Sotomayor and Harriet Miers (who withdrew) — have all been single and without children.

This little pattern makes the court a good symbol of the American job market. Women and men with similar qualifications — age, education, experience — are much more likely to be treated similarly today than in the past. The pay gap between them, while still not zero, has shrunk to just a few percentage points.

Yet once you look beyond the tidy comparisons of supposedly identical men and women, the picture is much less sunny. There are still only 15 Fortune 500 companies with a female chief executive. Men dominate the next rungs of management in most fields, too. Over all, full-time female workers make a whopping 23 percent less on average than full-time male workers.

What’s going on? Men and women are not identical, of course. Many more women take time off from work. Many more women work part time at some point in their careers. Many more women can’t get to work early or stay late.

And our economy exacts a terribly steep price for any time away from work — in both pay and promotions. People often cannot just pick up where they have left off. Entire career paths are closed off. The hit to earnings is permanent.

Thursday, October 15, 2009

Ivanka Trump's Business Advice for Women

Ivanka Trump, daughter of famed entrepreneur Donald Trump, was on Good Morning America today and offered useful business advice to women across the country. ABCnews.com did a write up of her advice and posted the video of her interview on their site. Check out a few of her tips below, or head over to ABCnews.com to watch the informative video.

Trump, 27, the author of "The Trump Card: Playing to Win in Work and Life," sat down with ABC News' Cynthia McFadden and a roundtable of four businesswomen spanning three decades of experience.

The participants were Larisa Terkeltaub, a 26-year-old first-year business student at New York University's Stern School of Business; Joanna Billings, 25, a structural engineer; Gai Spann, a 41-year-old travel agency owner; and Tracey Andrews, a natural specialty foods saleswoman in her 30s.

From how to make it as an assertive woman in business to how to gain financial backing in a tough economic climate to how to get the message out, the women talked candidly about what has changed since their parents' generation and how all can have their own "trump card," even if their father isn't Donald Trump.

The first topic up for discussion was business experience. Terkeltaub asked Trump what experience is necessary to become a successful entrepreneur.

While Trump first acknowledged that experience is obviously still very important, and "you can't fake it," she then explained that the best thing the inexperienced can do to help themselves is to ask intelligent questions of those around them.

Even though Trump concedes "there's a fear that it exposes that inexperience," in reality asking advice and learning from coworkers prevents young people from making more serious mistakes.

Tuesday, July 07, 2009

Leadership Advice for Current and Future Executive Women

Earlier today I came across this helpful article on one of my favorite blogs, the Glass Hammer, with leadership advice from various executive women. Being a woman in the business word can be difficult, to say the least. Fortunately, the bloggers at the Glass Hammer have gathered some simple and straightforward advice. Check out a clip of their article below.

Get Really, Really, Really Good at Your Job.
“I didn’t chart my career out,” said Sutton, “but I always had a good view of what I loved doing and what the next career step might be.” Sutton started her career in finance as a clerk with Wachovia and worked her way up through the organization over 35 years, until she left to establish the banking business for Morgan Stanley. She added, “I’ve given advice to people I’ve mentored that if you are too focused on the next step, you are not going to do a very good job in the job you are in. And I’ve seen that over and over again. Get really, really, really good at the job you are in because if you are and you’ve mastered it, you will move from the next role to the next role to the next role, but if you look too far ahead, you probably won’t… People who seem to be really successful are great operators. They get in the business and understand the business.”

Be Comfortable With Ambiguity.
Said Smith, who, after 14 years of brand management and executive roles at Kraft Foods, was brought to Avon by Andrea Jung to help her transform the company: “We are all taught that great leaders set the strategy and then set everybody off marching. But, right now, nothing is more important than a general agile leader who is comfortable with ambiguity. Let’s face it - it is going to be a bumpy and fascinating ride. We need people who are nimble and agile in their thinking who are, to some degree, comfortable with figuring it out as they go along. We [at Avon] look for people who can handle change, who can handle the curve balls…understanding that you can’t possibly have it all figured out and being open to that. Also, people that can communicate and inspire. That’s always been important in leadership but now more than ever because you have to communicate and be really transparent and take people along on the journey, to say, ‘This is uncharted territory but this is where we are going.’” Sutton agreed, adding that even her job at Morgan Stanley, which was created for her, changed shortly after she joined the company. “What I was hired to do changed in 6 months and that shifted because the environment changed. [But it was OK because of] the belief I could make a difference.”

Think of Your Career as a Jungle Gym Rather Than a Ladder.
Moderator Pattie Sellers advised the audience of MBA women: “Don’t think of your career as a ladder, think of it as a jungle gym. If you think of it as a ladder, you won’t have the peripheral vision to enable you see the lateral opportunities and especially today when you don’t know what the hot job is going to be tomorrow. You’ve got to keep yourself open and you’ve got to swing to the opportunities that come along.” Smith agreed, “I believe the greatest plans are restrictive instead of instructive. Figure it out as you go along. The only guiding principle I’ve had is to insist that my life and work have passion and purpose. When I think about the pivotal jobs I took [like her move to Kraft’s Callard & Bowser-Suchard to handle the then-unknown Altoids brand for Kraft or the jump from being Group Vice President and President of the U.S. Beverages and Grocery Sectors in Kraft to Brand President for Avon], they really made no sense on paper.” She continued: “Just go into everything saying – I’m going to be inspired and I’m never going to settle and go where that takes you. ” And Sellers added, “I’m struck by women on the Fortune’s Most Powerful who’ve taken lateral moves or even taken downward moves because they wanted to expand their experiences. And that’s what pays off in the long term.”


Wednesday, February 11, 2009

American Bar Association offers Woman Lawyers “Blueprint” for Success

From the American Bar Association:

Lawyers, whether law firm practitioners or in-house counsel, are working hard to improve the status of women in the profession. Law students had been an untapped, competitive pressure point to improve the retention and promotion of women in the profession. But, in 2006, that changed when Flex-Time Lawyers LLC co-sponsored a forum with the New York City Bar Committee on Women in the Profession that focused on educating women law students on how to select women-friendly employers and the key ingredients for success. Attendees left the forum with “The Cheat Sheet,” a guide to selecting, creating, and ensuring a women-friendly employer (view “The Cheat Sheet online at www.abanet.org/yld/publications/home.shtml).

When we introduced The Cheat Sheet, we had a number of goals in mind: First, educate women law students on how to avoid the traditional stumbling blocks of their female predecessors before those same patterns repeat themselves. Second, capitalize on the power in numbers as a means to shape how law firms and other legal employers refocus their women-friendly efforts and programs. Third, create a venue for information-sharing by inviting all of the interested parties to the forum and having them in the same room to brainstorm and play a role. Fourth, create an open dialogue and external motivation among legal employers and law schools to compete on these issues to attract, retain, and promote the most talented women students and practitioners. Fifth, initiate a reverberating effect across the country.

The Cheat Sheet provides questions for women law students to consider as indicia of a legal employer’s commitment to the retention and advancement of women. The questions are not meant as a script but as a guide to enable women law students to decipher an employer’s attention to such issues as female representation, partnership and advancement, mentoring, leadership, workplace flexibility, and business development. It also offers suggestions for additional steps women law students could take once an offer is in hand. For legal employers, those same questions have been used as a checklist to determine employers’ strengths and weaknesses to improve the future role of women. Additionally, The Cheat Sheet provides tips for legal employers and law schools and a resources section that lists key Web sites providing information on work/life balance and women’s issues in the law.

Tuesday, December 16, 2008

9 Hot Franchise Trends in 2009

WatchMeFranchise.com, a blog sponsored by Roni Deutch Tax Center™, recently posted an entry on 9 hot franchise trends to watch in the new year. Below is a quote from the entry, but you can read the full text by clicking here.

1. Woman-Focused Franchises

Franchises that focus on women and are run by women have grown a lot in popularity over the last year and are expended to continue to do so in 2009. These businesses can include anything from women’s health centers to women-targeted clothing stores.

2. Fun Food

Crazy food franchises have grown a lot trendier over the past year as well. By offering something different then the normal fast food like menu, these businesses can reach out to crowds that are tired of unhealthy, processed foods. Additionally, by letting consumers create their dishes, such as yogurt shops that let you create your own custom dessert, they can connect with customers of a more creative level.

3. Green Business

It is no surprise that green-thinking businesses made our list. Nowadays any business can be labeled “green” just by stating their cups are made of recycled materials or their food is organic. However, it is more than trendy, as green businesses often build very loyal customer bases that do not mind paying a “green” surcharge.

Continued at WatchMeFranchise.com…

Wednesday, November 19, 2008

National Association of Women Lawyers Published Findings

A few days ago the National Association of Women Lawyers published their third annual National Survey on the Status of Women in Law Firms. You can download a PDF of the study by clicking here, but I have listed out some of their most important findings below.

  • 48% of associates, 27% of non-equity partners, and 16% of equity partners, are women
  • At 99% of the firms, the highest-paid partner is a man
  • Women earn less than their male counterparts at the associate ($7,000), of-counsel ($14,000), nonequity partner ($23,000), and equity partner ($87,000) levels.
These reports have gotten massive attention in the blogging community. The Wall Street Journal’s law blog spoke with Lisa Horowitz, the president of the Association, and she claimed this is because women lawyers are less likely to brag about their accomplishments. “Research has found that women don’t self promote,” stated Horowitz.

Wednesday, November 12, 2008

The 50 Women to Watch 2008

From the Wall Street Journal:

In her concession speech in June, Hillary Clinton lamented that she wasn't able to "shatter that highest, hardest glass ceiling," but she said it now has "about 18 million cracks in it."

Indeed, women played a defining role in this year's historic election, whether as candidates, spouses or comedians.

But in the corporate world, the notion of "18 million cracks" remains something of a pipe dream. While women have made great strides professionally in the past two decades, their numbers in the upper echelons of corporate America have stagnated in the past few years.

On Wall Street -- possibly the toughest ceiling to crack -- two of the most high-profile women made an exit in the past year: Citigroup's Sallie Krawcheck and Morgan Stanley's Zoe Cruz.

But out of the ashes of the economic meltdown, some new stars have emerged -- most notably Sheila Bair, No. 1 on this year's Women to Watch list, who has been thrust into the spotlight in her bank-rescue role as a hard-charging regulator at the Federal Deposit Insurance Corp.

Barbara Desoer, No. 3 on this year's list, has risen to a pivotal role at Bank of America as president of mortgage, home equity and insurance services.

Monday, August 25, 2008

Successful Women on Surf Boards

As a fellow businesswoman who loves to surf, I was inspired by this well-written article by Nicki Gilmour of New York City, on The Glass Hammer. Below is a quote from the blog entry, but I highly suggest you check out the full version.

“Every summer, the beaches of Long Island are filled with women and girls on surfboards. I am one of them. As far as I’m concerned, if the sun is shining, the ocean is clear and the waves are clean, the best board to be on is a surfboard.

I am sure that there are lots of successful professional women among my fellow surfers. It’s a tough sport – I have the injuries and scars to prove it. It’s thrilling. You need stamina and strength, as well as some talent to keep improving. You also need a desire to conquer yourself, not just the ocean; in other words, all the stuff that you need to make it in the other ‘boardroom’ at the office.

The first time you catch a wave, it will rank as one of the best feelings in the world, like falling in love: the butterflies flit in your stomach, sending a signal to your brain that gives you a euphoric feeling of taking flight. You are flying on top of the wave even though it’s probably just the frothy white water breaking around you and lifting you along with it. Then you get bolder and better, paddling out further and taking many hits as the ocean drags you along the seabed like a spin cycle on a washing machine. A few hours later, you will emerge and you arms will feel like they each weigh 100 lbs. from all the paddling out and paddling in for the wave.

It’s all worth it.”

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