Beyond the Headlines: Punishing, Rewarding, and Capitalizing On Good Deeds
Sometimes good deeds do not go unpunished, and advocacy by women for women, sadly, may be one of them. Other times, good deeds escape punishment, as when women become top financial managers and investors reap the rewards. Good deeds can also leverage female talent in the form of partnerships that lead to highly successful businesses. This week’s round-up has the details.
Women and Minorities may be Punished for Promoting Diversity at Work
While everyone from Facebook COO Sheryl Sandberg to our own Toni Wolfman advocates for women helping other women by speaking up when a successful female candidate might be passed over — for a job or a promotion or a board position — it turns out that there could be a down side for doing so. Find out why in this Huffington Post business piece, which highlights a new joint study from the University of Texas and the University of Colorado.
New Funds are Betting Heavily on Companies Led by Women
The good news from The Wall Street Journal is that investors have confidence in female leadership — in fact, new funds like Barclay’s Women in Leadership ETN (85 companies, 36 with female CEOs) and Pax Ellevate Global Women’s Index Fund, are trading higher than issue price on NYSE Arca. Investors are armed with solid data that companies led by women perform better: from 2004 to 2008, Fortune 500 firms with three or more female directors had an 84 percent better return on sales and a 46 percent better return on equity.
Women’s Health: The Surprising Secret to Success
Perhaps the secret to success for women is in our PreparedU survey: eight in 10 business leaders said that women are better at communication and interpersonal skills. Leveraging those traits — along with strength in numbers — may just be the key to bridging The Confidence Gap. These women, half of whom are also millennials, turned to their closest confidants, colleagues and classmates to co-found their companies, using those relationships as the basis for building strong, successful businesses. Read their individual stories and lessons about leveraging personal relationships (for better or worse) to jumpstart your career in this Women’s Health story.
April Lane is a freelance writer.