Coronavirus latest: England faces a death toll ‘too great to bear’ without curbs, say experts
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Reinvention is the holy grail of business, both for tech companies trying to bend the arc of the universe and old-line companies desperately attempting to stave off oblivion. Two long years ago, Fortune hosted a conference in Chicago that spotlighted stories of reinvention, realized and aspirational. Some of the companies featured were unambiguous successes and have become more so since: New York Times Co., Microsoft, Slack. More, in retrospect, were putting on a brave face and have slid further: IBM, Wells Fargo, Ford, AT&T, WW International.
Obstacles aside, reinvention is an imperative, for companies and individuals. The world doesn’t stand still. The pandemic has cruelly made this clearer than ever.
Fortune senior editor Beth Kowitt and I have … Read the rest
“I’m going to tell them there’s an African American man threatening my life.” – Amy Cooper
“I’m a tenant of the building; are you?” – Tom Austin
Amid the unrest, anger, and outrage at the sheer injustice of systemic racism, Amy Cooper and Tom Austin are just two examples of white people using their privilege in an attempt to control Black people who dared to exert personal agency in shared spaces. After being called out publicly, Cooper lost her job, and Austin lost his office lease.
Why point out these incidents instead of the thousands of other examples? Because while both apologized and stated “I’m not a racist,” they had tremendous influence in the finance industry through their leadership positions.
There are real questions as to how these implicit biases influenced hiring, advancement, and access to capital at their firms. Their actions in these moments provide a spotlight on how … Read the rest
This year is hard on working women. They’re losing their jobs and leaving the workforce at higher rates than men. Not to mention school closures are disproportionately creating more work for mothers.
So how are women at the top doing? How do they see the pandemic changing their work?
To find out, Fortune surveyed a group of more than 600 women leaders in our Most Powerful Women (MPW) community. In all, we received 112 responses in September. Among those, 88% work on at least one corporate or nonprofit board and 30% are CEOs.
Among the women executives surveyed by Fortune, 66% say the pandemic is exacerbating gender bias.
The pandemic is resulting in more childcare work for employed parents—and much of that is falling to mothers. But 57% of women leaders told Fortune that their company is not offering additional child-care resources or paid leave. On the flip … Read the rest
Good morning, Broadsheet readers! Two women are the finalists to head the World Trade Organization, we get ready to welcome special guests to Fortune’s MPW Next Gen Summit, and Sheryl Sandberg sounds the alarm on the importance of retaining corporate America’s best leaders. Have a restful weekend.
– Senior-level crisis. Earlier this week, the Broadsheet covered the astounding number of women leaving the workforce: 865,000 in September alone.
That crisis is just the tip of the iceberg for corporate America, write Lean In cofounders Sheryl Sandberg and Rachel Thomas in a new op-ed for Fortune. Businesses risk losing their top female leaders—the senior most women at their companies—as a result of the coronavirus pandemic.
“Senior-level women—tough, tested, ambitious leaders—are being pushed to their limits and beyond,” write Sandberg and Thomas. “This is a real problem for companies because these leaders are too important to lose.”
Like many working … Read the rest
This is the web version of The Broadsheet, a daily newsletter for and about the world’s most powerful women. Sign up to get it delivered free to your inbox.
Good morning, Broadsheet readers! Two women win the Nobel Prize in Chemistry, Laurene Powell Jobs exits some media investments, and Sen. Kamala Harris takes part in a historic debate. Have a thoughtful Thursday.
– ‘I’m speaking.’ Sen. Kamala Harris and Vice President Mike Pence engaged in the most consequential vice presidential debate in a generation on Wednesday night, given that both are second-in-line to men who will be the oldest president ever elected, no matter which one wins. Plus, it was the first time a Black woman debated a white man in a one-on-one national debate.
There was plenty of distraction from the weight of the contest: The plexiglass, a visual reminder to viewers of the on-going COVID-19 outbreak at the … Read the rest