North America | United States | Business

Google reviewed pay equity and learned it was underpaying men

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When Google reviewed its own pay structure recently, it yielded an unexpected result: It was underpaying more men than women for doing similar work, the company revealed in a blog postpublished Monday. The annual analysis comes as Google faces a class-action lawsuitthat alleges it denied career opportunities to women and systematically paid them less than men preforming similar work. The tech industry as a whole also is grappling with enduring criticism about a lack of diversity and dysfunctional work environments.
North America | United States | Business

Cisco’s top woman engineer leaves in shake-up

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Padmasree Warrior, probably Silicon Valley's most senior female engineer, is stepping down as the chief technology officer of Cisco as part of a leadership overhaul by the company's new CEO. The new 10-person management team, announced on Thursday, does include five women, high by Silicon Valley standards, but none in engineering roles. Ms Warrior is to be replaced by Hilton Romanski, who was previously Cisco's head of merger and acquisition strategy.
North America | United States | Business

Elizabeth Holmes still won’t explain how her $9 billion technology actually works

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On June 3, Elizabeth Holmes, the founder and CEO of Theranos, a company that developed a revolutionary blood test that relies only on a drop of blood, appeared on Charlie Rose's show to talk about her company and in theory, about some of the science behind it. But the essential question about Theranos's technology remains unanswered after the segment: How exactly does what Holmes invented work?
South Asia | Australia | Business

Women should not leave the workforce after having children, Tasmanian governor says

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The Tasmanian governor has warned women not to drop out of the workforce entirely after having children. Governor Kate Warner was speaking at a luncheon in Hobart on women's economic empowerment. Ms Warner's address examined the economic impact of gender inequality, the link between gender inequality and violence against women, and the importance of tackling rigid gender stereotypes. She was also asked what advice she would give the other women in the room. "Get a decent education is first, but don't stop at that," she said.
Europe | U.K. | Business

Forget the glass ceiling, we need to fix the broken windows first

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Today, working environments have changed and so has the challenge of gender diversity. The reality today is that attrition in female talent is a gradual process, it does not happen overnight or when women reach a specific level. In many cases, women are not held back because of a glass ceiling but because of the cumulative effect of the micro-issues that women face day after day that slows their journey, or stops them getting to the top. It is clear that the gender mix is fairly even for entry-level jobs but then businesses start slowly losing female talent as they progress. This is a long-
North America | United States | Business

How The 10 Highest-Paid Women CEOs Compare To Their Male Counterparts

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This week, the Associated Press published a list of the 10 highest-paid chief executives in America, followed by a ranking of the 10 top-paid women CEOs. Unsurprisingly, the first list is all men, with the exception of Yahoo CEO Marissa Mayer, who took the No. 5 spot on that list and the No. 1 spot on the female CEOs list. These rankings typically don't mean much to the average person—yep, they're all making a gazillion dollars more than the rest us—but comparing the two yields a few insights into the state of gender and leadership in the U.S. The Top 10 Highest-Paid CEOs in America, M
North America | United States | Business

Havas CEO Yannick Bolloré thinks women are ‘too cautious’ in business

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Havas chief executive Yannick Bolloré has called on women to be "less cautious" in their approach to business in order to bolster the number of females acting in senior roles. The recently appointed agency boss told the audience at Advertising Week Europe in London on Monday (23 March) that the reason there is a disparity between males and females in top jobs in the industry "lies with the persons themselves". "I’m a huge believer in gender equality and it’s very important to be able to find a way to integrate more women into top management," he said. "[But] the problem lies in the
International | Business

Lagarde says IMF to co-operate with China-led AIIB bank

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International Monetary Fund chief Christine Lagarde has said the IMF would be "delighted" to co-operate with the China-led Asian Infrastructure Investment Bank (AIIB). The AIIB has more than 30 members and is envisaged as a development bank similar to the World Bank. Mrs Lagarde said there was "massive" room for IMF co-operation with the AIIB on infrastructure financing. The US has criticised the UK and other allies for supporting the bank. Mrs Lagarde, speaking at the opening of the China Development Forum in Beijing, also said she believed that the World Bank would co-operate with