Last week, we heard that Citigroup, like so many other financial companies in peril, is going to raise base salaries by as much as 50 percent in order to discourage the culture of excessive risk-taking in pursuit of big bonuses. Newsflash! Citigroup: there’s a foolproof way to shift away from high-stakes gambling in the financial sector that makes perfect economic sense, namely: hire more women.
What happens when high-powered women decide they deserve an alternative to the World Economic Forum’s annual meeting in Davos? The Women’s Forum for the Economy & Society’s Global Meeting is launched. The Forum met in Deauville, France, last week, a sui generis concept that brings together African foreign ministers, the president of an American biomimicry firm (they use nature to design products), the first Muslim astronaut, editors from the International Herald Tribune and Elle France, corporate CEOs, sculptors, bestselling Turkish authors, and delegations from five continents, just to name a few members of this emerging brain trust.
Today, August 26, marks the anniversary of the end of the 72-year fight for women’s right to vote. That’s right – our forebears faced 72 years of ridicule, ostracism, abuse, imprisonment … and also hope, determination, courage, and eventually, victory.