In 2011, the organizers of the World Economic Forum announced they wanted to do something about the lack of women at their annual January gathering in Davos, Switzerland. They informed their leading corporate sponsors that one of out every five people they were sending were sending to the annual conference in the Swiss Alps would need to be a woman. In prior years, that number had hovered around 15-17%.
Late last year, Goldman Sachs made headlines by announcing they would no longer permit their younger recruits to work round the clock. So they banned them from entering the offices for a 36-hour period between Friday night and Sunday morning. Several other banks have taken similar steps in recent weeks.
New stats out on women with graduate degrees are, quite simply, depressing.
The percentage of graduate students in economics who are women is down to 11% from a high of 16% in the 1990s, according to a new study by Wendy Stock and John Siegfried. What’s more, those who do make it to the end of a PhD program still face pitfalls. From the study (pdf):
from Data Dive:
Today, GM announced its new CEO will be Mary Barra, the company's current head of global product development. This is big news: Barra is the first woman to head a global auto company. This move, as the below Reuters chart shows, is just one small step in the march toward management equality. Women are still far from reaching parity in upper reaches of big American corporations.
from Data Dive:
On Friday, Twitter announced that it was adding Marjorie Scardino to its board of directors. Scardino is the former CEO of Pearson, and The Economist Group, as well as a former Nokia director. She is Twitter's first female board member.
This week, Germany’s ruling coalition announced that it’s set to institute a quota for the number of women involved in corporate governance at German companies. Lawmakers are set “to introduce legislation requiring German companies to allot 30 percent of their non-executive board seats to women from 2016,” Reuters reports. The European Union as a whole is moving closer to instituting a similar 40% quota.
Today we’re launching Equals, a new Reuters blog devoted to gender equality and the role women play in the economy. We’ll be tackling subjects like education, workplace performance, competitiveness, pay, and leadership. The topics will encompass virtually any subject that relates to gender differences in economics, finance, and management. The blog will lean heavily on data and new research, as well as the smart voices around the web already contributing to the discussion.