Day in and day out, Hillary Clinton is winning the Internet.
The former First Lady and Senator and current Secretary of State has undergone a dramatic public transformation over the past year, one driven in part by her strong handling of a generally popular job, and in part by an unpredictable factor: The Internet has finally fallen in love with her.
Howard Dean was the hero of the rowdy, anti-war blogs in 2004. Barack Obama was the purest icon of the stylized, one-way hero-worshipping web of 2008. Now Clinton is the star of the messy, recursive, and playful ascendant social web. More blunt force than clever package, with her public stumbles and imperfections hanging out for all to see, she’s a fractured, engaging character — a perfect fit for a media universe dominated by Twitter and Facebook.
Picture this. On route to an appearance on Meet The Press, the vice president engages in a sexually explicit conversation with her lover. Her staff, overhearing, blushes at the graphic nature of the conversation and quickly ushers her into the car, switching the topic from innuendo to the hardline immigration stance she will be taking on air.
Welcome to television’s new world of women and politics: that actually happened on HBO, two Sundays ago. This spring, both ABC and HBO launched two new shows, Scandal and Veep, respectively—that portray women in politics as a sexy, powerful and fun. Both are refreshing departures from the real world of politics and even the cloistered asexuality of The West Wing.
In the cultural imagination, female political figures rarely get to be sexy and powerful. This is partly because politics is still a male-dominated world. Data compiled by the Center for American Women and Politics at Rutgers University show that women currently hold 16.8 percent of the 535 seats in Congress and 23.7 percent of the seats in state legislatures. There are six female governors; of the 100 big-city mayors, twelve are women.
Unmarried women were among Barack Obama’s most loyal supporters in 2008, turning out in droves and delivering 70 percent of their votes to him. When many of them stayed home in the 2010 midterm election, Democrats lost the House and had their Senate majority trimmed.
Now, determined to get single women back, Senate leaders are reshaping their legislative agenda, advancing a bill to bolster workers’ ability to win pay discrimination lawsuits. A similar measure was blocked by Republicans two years ago, and proponents expect it to be rejected again, setting up a contrast between the parties over an issue that especially touches unmarried women.
It will be the third time this year that Senate Democrats will push for votes on policies affecting women, with the other measures focused on insurance coverage for contraceptives and programs for domestic violence victims.
They are aiming to fire up the 55 million single, divorced, separated or widowed U.S. women eligible to vote this year. While 60 percent of all unmarried women cast ballots in 2008, just 38 percent turned out in 2010, said Democratic pollster Celinda Lake. Democratic strategists see these voters as critical to helping return Obama to the White House and to retain Senate seats in Ohio, Virginia and other states.
“What is really at issue is their turnout rate,” Lake said in an interview. “Unmarried younger women plummeted in the turnout in 2010, and they came into this election cycle not very interested in the election.”
A gender discrimination suit filed by a female employee of Kleiner Perkins Caulfield and Byers has exposed a system to view that allegedly boosted male positions and compensation while excluding the company's female employees, reports ABC News.
Ellen Pao, 42, an investment partner with the firm, filed a lawsuit on May 10 alleging the firm engaged in gender discrimination against her and other female employees. She said she faced retaliation when she complained of multiple instances of sexual harassment, which included being pressured by a junior partner to have a sexual relationship and being given a book that had "sexual drawings" and poems with "strong sexual content."
Kleiner Perkins, the esteemed venture capital firm based in Menlo Park, Calif., is seven miles away from the headquarters of Facebook, one of the many tech firms in which it has invested in its 40-year history. Google, Zynga and Groupon are among other beneficiaries of Kleiner Perkins' investments, which can range from $100,000 to $50 million.
In this elite world, women represented fewer than 10 percent of high-level venture capitalists, and left the industry at twice the rate as that of men, according to an estimate from the Kauffman Foundation in 2004.
Teresa Nelson, a professor at Simmons School of Management in Boston and faculty affiliate at the Center for Gender in Organizations, said she has no knowledge that the situation has changed.
Riding Australia's resources boom like no one else, BRW magazine's annual rich list yesterday revealed the 58-year-old mining magnate's wealth has ballooned by an unparalleled $18.87 billion in the past year to $29.17 billion.
That equates to $598 a second, more than $1 million for every half an hour - and almost $52 million a day.
Ms Rinehart is now the richest woman in the world, surpassing the $25 billion of Christy Walton, the widow of Wal-Mart founder John Walton, who still has a major stake in the US retail giant.
Ms Rinehart's meteoric rise led experts to speculate she is a serious contender to become the world's richest person. She would have to pass the $69 billion fortune of Mexican telco mogul Carlos Slim.
Lynne Parker reflects on an article by Daniel Boffey in the Observer newspaper entitled 'Why women's jokes fall flat in the boardroom' which reviews the findings of a study by Dr Judith Baxter, a linguistics expert, about women's behaviour in the boardroom. The study raises questions about how women use humour in the workplace, specifically the boardroom, the ultimate 'boys club' where even some of the women wear trousers.
If a woman employs the direct, masculine approach to any sort of confrontation in business, in or out of the boardroom, she is more often or not described as 'aggressive' or 'bossy'. Men are more comfortable with a woman flirting her way out of a situation than confronting them.
I've just been quoted in an article by Daniel Boffey in theObserver newspaper yesterday entitled 'Why women's jokes fall flat in the boardroom' which reviews the findings of a study by Dr Judith Baxter, a linguistics expert, about women's behaviour in the boardroom. The study raises questions about how women use humour in the workplace, specifically the boardroom, the ultimate 'boys club' where even some of the women wear trousers.
Having spent the last 10 years listening to and watching nearly 2,000 female comedy acts, and 35 years working in business and the media, I can confirm that women's humour is not always as self-deprecating at Dr Baxter's study would have us believe. I don't profess to be an 'expert' and can only take as I find, but women's humour is evolving.
Speakers at the British Private Equity and Venture Capital Association’s inaugural Women in Private Equity Forum have come out largely against hiring quotas as a solution to the lack of women working in the industry.
Panellists including Zeina Bain, a director in leveraged buyouts at the Carlyle Group, and guest speaker Laura Tenison, founder of Jojo Maman Bebe, spoke out against the use of quotas following a European Commission proposal to impose mandatory quotas and a report by Lord Davies in which he called for more female board representation at FTSE 100 companies.
Bain said: “I am against quotas. It is hard enough to be taken seriously as a woman. You put yourself out there when you are working on a deal. If there are quotas in place, [people might say] does she know what she is talking about? Why is she here?”
Tenison said in a speech about her experience as an entrepreneur that she disagreed with quotas, noting that she believed that the hiring process should be dependent solely on achievements and merit. “It just so happens that all the directors [on Jojo Maman Bebe’s board], apart from one, are women, and that is because they are right for the job."
In a straw poll of about 80 attendees, only a handful agreed with the use of quotas.
Following the 1997 Asian financial crisis and the spate of corporate frauds and accounting scandals such as Enron, WorldCom, Parmalat, Satyam and China Aviation Oil (Singapore), there has been considerable research about the effectiveness of the board of directors in the corporate governance of firms. There are strong conceptual and business propositions for greater board diversity. In the corporate world, there has been anecdotal evidence from some large corporations such as IBM, Ford Motor, Nortel, Lucent, Sara Lee, Texaco, and DuPont that diversity at every level of the work force tothe board of directors of firms have been cited as an imperative for business success.
A survey of Australian CEOs from Dun and Bradstreet and Chief Executive Women (CEW).
The data was collated from Dun and Bradstreet’s monthly Business Expectation Survey of 1,200 chief executive officers over a three-month period Q3-Q4 2011.The data reflects CEO’s answers to two key questions about women senior management appointments.
The survey showed that:
• over 75 per cent of small firms did not intend to appoint a female to a senior management position in the next three months. Over 65 per cent of small to medium size firms were not mandating that female candidates be short listed for senior management roles.
• 22% of corporates said that in the last three months or next three months they have appointed or intend to appoint at least one female to a senior management position. This proportion is approximately the same across all industry groups.
Forbes reports that after a stunning $2 billion trading loss, JPMorgan Chase‘s chief investment officer, Ina Drew, 55, will step down. The 30-year banking veteran oversaw the London unit responsible for the ill-fated trades and was one of three resignations announced so far, including a top London official, Achilles Macris, and a senior trader, Javier Martin-Artaj.
The exit of one of Wall Street’s most powerful women spotlights the dwindling numbers of women at the top. Last year, Sallie Krawcheck left her post as Bank of America‘s president of global wealth management, and Heidi Miller retired as head of JPMorgan’s international operations. This followed the headline-making departures of Lehman Brothers CFO Erin Callan in 2008 and Morgan Stanley president Zoe Cruz in 2007.
“Here we go again. Another woman at the top of Wall Street is toppled,” says Jane Newton, founder of the Wall Street Women Forum and wealth manager and partner at RegentAtlantic Capital. “[Drew] was one of the most experienced, savvy and respected Wall Streeters. This is a blow to other women who want to climb to the top. There’s one less role model and one less female leader to bring diversity, which is sorely needed.”