women leadership

Closing The Wage Gap

 
A few years ago, my daughter applied for her first job after college. She worked hard on her resume and cover letter, was asked to come in for an interview and landed the job. Bubbling with excitement, she called to tell me the news. After congratulating her, hearing about the meeting and the responsibilities of the job, I asked how much money she'd be making. Sheepishly, she said, "I didn't ask."
 
I couldn't believe it.  With college loans and rent to pay, my daughter needed a paycheck. I asked her why she didn't ask and her answer astounded me. "I thought it was impolite to talk about money," she said.
 
What I hadn't taught her, and what her university failed to teach her, was that it's OK -- even necessary -- to talk about money. It's a problem that many women have.
 
In her book, Lean In: Women, Work and the Will to Lead, Sheryl Sandberg tells a story about negotiating her contract at Facebook. She recounts how she was prepared to accept a compensation package that was less than she thought she deserved until her brother-in-law pointedly asked "why would you be willing to make less than any man would make to do the same job?"[1] She went back, re-negotiated with Mark Zuckerberg, and got the package she thought she deserved.
 

Women Directors: Gaining Ground

Our recently released 2nd annual 2020 Gender Diversity Index of Fortune 1000 companies showed that women now hold 15.6% of the board seats of Fortune 1000 companies, up a percentage point from last year. At this rate of growth, we are well on our way to surpass the campaign goal of 20% by 2020.
 
Smaller companies (numbers 501 - 1000) showed the largest gain this year, 13.6% in 2012 compared with 12.4% in 2011 when the 2020 Index was introduced. We were particularly pleased to see the gains in this group because historically, smaller companies have been slower to add women to their boards than larger companies (in Fortune 100 companies almost 20% (19.9%) of the board seats are held by women).
 
The number of "W" companies (those with 20% or more women) grew this year to 308 from 273 last year, a gain of 13%. The number of Z companies (those with no women on their boards) fell in 2012 to 152 from 177 in 2011, a 14% change. Ten companies this year added two or more women to their boards, which boosted one, Benchmark Electronics, from Z to W status.
 
Catch us in the Wall Street Journal: http://blogs.wsj.com/atwork/2012/10/18/more-women-find-seats-at-the-boardroom-table/

Hold the Date: 12/12/12

The buzz is building. We'll be holding our first national conversation on diversity in the boardroom on December 12, 2012 at noon. Events will be held in restaurants, ballrooms, college campuses, office lunchrooms and kitchen tables across the US, engaging thousands of people in a united call for action to put more women on US company boards.
 
We already have 20 events are planned: in Boston, Denver, Houston, Los Angeles, Louisville, Miami, New Orleans, New York, Phoenix and San Francisco, organized by 2020 Steering Committees, Affiliates and supporters. New events are being added every week. Check the 12/12/12 section of the website for updates.
 
Anyone can hold a 12/12/12 event - they can be large forums for a hundred or more people, or intimate gatherings around your kitchen table. The structure is up to the organizer, but each event will have some common elements: our new 2020 Video which will make its debut at our 12/12/12 events nationwide and a brief presentation of our latest 2020 Index, which will be released later this month. At each event there will be a designated Tweeter, so we will have consistent tweeting throughout the day, as the events move from the East, to the Mid-West and to the West.
 
If you're interested in hosting a 12/12/12 event download our Organizer's Toolkit on our website. The tool kit will walk you through the basics of organizing your event, choosing a venue, engaging sponsors, and promoting the event on social media.
 
Don't want to organize one, but want to attend? Look for the list of events on our website.

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