NASA chose it 2013 group of astronauts who will lead the next generation of space exploration. 4 of the 8 people chosen are women. They are Christina M. Hammock who is currently is serving as National Oceanic and Atmospheric Administration (NOAA) Station Chief in American Samoa; Nicole Aunapu Mann, Major, U.S. Marine Corps, is an F/A 18 pilot;
Anne C. McClain, (pictured right) Major, U.S. Army, is an OH-58 helicopter pilot; Jessica U. Meir, Ph.D., is an Assistant Professor of Anesthesia at Harvard Medical School, Massachusetts General Hospital. Read more on nasa.gov.
Susan G. Komen today named Judith A. Salerno, M.D., M.S. President and Chief Executive Officer. Judith, who is a graduate of Harvard Medical School and the Harvard School of Public Health, had been Executive Director and Chief Operating Officer of the Institute of Medicine of the National Academy of Sciences. Read more in the Business Wire press release.
Prudential Financial, Inc. (NYSE:PRU) appointed Lori Dickerson Fouché President and Chief Operating Officer of Prudential's "Group Insurance Business". Lori had been President and CEO of Fireman’s Fund Insurance Company. Read more in the Business Wire press release.
Gannett CEO Gracia Martore (pictured left) announced the company is acquiring Belo Corp, whose CEO is Dunia Shive, making Gannett one of the biggest media companies around and the fourth-largest owner of major TV network affiliates. Gracia Martore, President and Chief Executive Officer of Gannett, said, “We are thrilled to bring together two highly respected media companies with rich histories of award-winning journalism, operational excellence and strong brand leadership." Read more in the company press release.
Prtesident Obama appointed Avril D. Haines Deputy Director of the Central Intelligence Agency. Avril, who holds a JD from Georgetown University Law Center, had been Deputy Assistant to the President and Deputy Counsel to the President for National Security Affairs at the White House. Read more in the White House press release.
Sam's Club CEO Rosalind Brewer announced the the "Grow Your Business Boot Camp". These seminars, supporting small business owners and entrepreneurs in 25 different cities, are funded by a commitment of $500,000 from Sam's Club, a division of Wal-Mart Stores. Topics to be covered in these boot camp sessions include financial planning, accessing capital, marketing, and growth strategies. Read more in the prnewswire press release. Watch Rosalind Brewer receive the 2013 YWCA Woman of Achievement Award.
Sempra Energy, # 281 on the 2013 Fortune 500 list, appointed Kathleen L. Brown (pictured) to its Board of Directors. Kathleen, who holds a JD from Fordham University Law School, is a former Goldman Sachs executive. Kathleen is also a former California State Treasurer. Read more in the prnewswire press release.
American Capital, Ltd. appointed Susan K. Nestegard to its Board of Directors. Susan is a former Executive Vice President and President, Global Healthcare Sector, of Ecolab Inc. (prnewswire)
A new study of 1,000 Millennial women commissioned by the global public relations firm Zeno Group (whose CEO is Barby Siegel), found that Millennial women realize how valuable a mentor can be, but less than 60% of these Millennials have mentors. Women who have a mentor are more likely to believe they are on track to achieve their professional goal than women who don’t have a mentor (82% vs. 60%). The lack of mentors is a problem that needs to be solved. Virtual mentors can be part of that solution. Virtual mentors can help you see how others deal with failure and adversity, how others find ways to fit in with the old boys network, or how they manage to run a successful company. Read more about virtual mentors.
The Zeno Group study also shows that work life balance continues to be a problem even for this generation. 76% of the women surveyed are worried about their ability to achieve a balance between personal and professional goals. Millennial moms are three times more likely than millennial women without children to say that an inability to balance professional goals with being a parent is what is most likely to keep them from achieving their professional goals.
In this ever changing world where 21st century technology impacts everything, is it the 20th century tools of women's conferences and women's networks that keep women out of leadership positions? Women leaders talking to women is important, but that alone isn't going to change the ratio. Avivah Wittenberg-Cox talks about where conferences and women's network's go wrong. Avivah writes "Another women's conference finds another predominantly female group of HR Directors seeking to improve the gender balance in their firms. In reality, women are working far too hard at an issue actually beyond their power to solve. Corporate leaders must recognize that additional women-dominated efforts are not the way to get companies to take the gender issue seriously. Rather, the solution requires action by those in leadership positions..." Read more of Avivah's article.
The point is the responsibility of solving this problem rests with the people in charge, which is most often men. Therefore all the studies on what's wrong with women to explain why they aren't in enough leadership positions miss the point. It's not because women smile too much or because to be successful women have to be less likable. (I find it absurd to even type those excuses in this post!) So many articles are written about how women need to change to get ahead. But the real solution is for companies to clear the path to power for women (adequate training, succession planning, proper mentoring and flexibility), not to create separate networks for them or to pay for them to go to women's conferences or to ask them to change in some way. Companies need to be more assertive in their hiring. Maybe they should just try smiling less and appointing more women.
Dun & Bradstreet (NYSE: DNB) appointed Judith A. Reinsdorf to its Board of Directors. Judith, who holds a JD from Cornell Law School, is the Executive Vice President and General Counsel of Tyco International. Read more in the Business Wire press release.
LLBH Private Wealth Management is hosting a Ladies Luncheon: "Lean Into Your Financial Future” June 19th at the Woodway Country Club in Darien, Connecticut. Learn about the differences between male and female investors. Hear about how women need to learn more about their financial future and their family’s finances. Call 203-683-1530 for more information about the event.
Kenandy, founded by Sandra Kurtzig who is also the company's CEO, raised $33 million in Series B Funding. Sandra is an experienced executive who founded ASK Computer Systems which grew into one of the ten largest software companies in the world. Read more in the marketwire press release.
The TJX Companies, Inc. (NYSE:TJX), the off-price retailer which is listed 115 in the Fortune 500, appointed Dawn Lepore, former CEO of drugstore.com, to its Board of Directors. See Business Wire press release.
MeetMe Inc. appointed Jean Clifton to its Board of Directors. Jean is Chief Financial Officer and Executive Vice President of Dial Global, Inc.. See Business Wire press release.
KeyCorp (NYSE: KEY) appointed Maria Teresa Tejada Chief Credit Officer. Maria had been Managing Director responsible for risk underwriting in Europe, Middle East and Africa at Goldman Sachs. Read more in the prnewswire press release.
Don't be fooled by the new report which shows women gaining jobs. "The Labor Department said Friday that the economy added 175,000 jobs in May, with nearly half going to women". The problem is that half of the job growth for women so far in 2013 was in low-wage positions. At Newsonwomen, I have seen this in spades, searching day after day for good jobs being given to women by big companies and finding only half the number I found last year, a huge and disappointing drop. As we celebrate (or should I say mourn) the 50th anniversary of the equal pay act, women are still being paid less than men. Solutions are closer today than ever before but require action on the part of companies. It's not going to just happen.
I'll continue to post recent job appointments and hope companies will start appointing more women. Here are a few:
Virtual Piggy, Inc. (OTCBB: VPIG), the company founded by CEO Dr. Jo Webber (pictured left) that helps young people manage their money decisions,
appointed Rika Nakazawa (pictured right) Vice President of Business Development. Rika had been Vice President of Strategic Partnerships and Business Development at American Express. Read more in the Business Wire press release.
Hullabalu, founded by Suzanne Xie who is also CEO of the company, raised $1.8 million in funding. Suzanne is an experienced entrepreneur whose first company was sold to iLike, then on to Google. Read more about the deal on techcrunch.com.