The queen bee is dying. Youve heard of her, right? Shes that senior businesswoman at the top of her field who didnt help other women get aheador, worse yet, actively worked against them. Was she just a natural bitch?
Why should you invest in women? Because it’s 2016. Because it’s the right thing to do. Because you want a better world for your daughter. But perhaps most importantly, because the business case for investing in women is now beyond compelling—in our opinion, it is overwhelming.
Equality is one of those concepts that sounds simple (and should be simple), but in reality is quite complex. The same goes for diversity. And the real trick is not in achieving one or the other, but both.
Equal pay for equal work: its not just the law, it makes sense financially and ethically. But just because something is sensible doesnt make it standard operating procedure. Every country in the Organization for Economic Co-operation and Development (OECD) has a gender pay gap, ranging from Koreas 36.6% pay gap to New Zealands 5.6%.1
Imagine walking into your first Wall Street job, fresh out of college, ready to take on the world. That was me twenty-five years ago when I boldly entered the world of finance as a sales assistant for two institutional brokers.
Do you remember when 62 million girls were denied an education?1 Or when a third of women worldwide experienced physical or sexual violence?2 Or 5,000 girls were victims of honor killings annually? 3 You should, because these arent references to the distant past. This is happening today - in 2016.
Unless youve been living off-the-grid in recent months, youve probably heard a lot about the gender pay gap. The topic has dominated headlines from the New York Times, to Fortune, to Freakonomics, to the Atlantic, to the Wall Street Journal-and was a point of discussion at the World Economic Forum in Davos.
We often hear of a gender gap in politics. Well have to see what 2016 brings, but in the 2012 presidential election, women supported Barack Obama over Mitt Romney by 10 percentage points more than men did.