{"id":12108,"date":"2017-07-28T17:51:56","date_gmt":"2017-07-28T21:51:56","guid":{"rendered":"https:\/\/globewomen.org\/globalsummit\/?page_id=12108"},"modified":"2017-07-28T17:54:23","modified_gmt":"2017-07-28T21:54:23","slug":"july-28-2017-no-ccxlxv","status":"publish","type":"page","link":"https:\/\/globewomen.org\/globalsummit\/july-28-2017-no-ccxlxv\/","title":{"rendered":"July 28, 2017; No. CCXLXV"},"content":{"rendered":"

\"\"
\nJuly 28, 2017; No. CCXLXV
\nTHIS ISSUE’S HIGHLIGHTS:
\n<\/em><\/strong>I. WHY WOMEN AREN’T\u00a0CEOs
\nII. SEXISM IN SILICON VALLEY
\nIII. BEST CITIES GLOBALLY FOR WOMEN ENTREPRENEURS\u00a0<\/em><\/strong><\/p>\n

\n

I.\u00a0WHY WOMEN AREN’T CEOs<\/em><\/strong><\/p>\n

Women who aspire to the C-Suite face far more resistance, both overt and subtle, than they expected, according to a New York Times<\/em> analysis following interviews with dozens of women senior executives, search firms, and human resource professionals.\u00a0 The conclusion of many senior women in business is that the barriers for them to become CEO are more deeply rooted and persistent than they had believed.<\/p>\n

\"\"<\/p>\n

Women who are CEOs: CEO of GE Poland and the Baltics Beata Stelmach; President, HVAC and Transport, Latin America, for Ingersoll-Rand Maria Blase; CEO of UBS Brazil Sylvia Coutinho; and CEO of Siemens South Africa Sabine dall\u2019Omo, with Moderator, Summit President Irene Natividad, in center<\/em><\/h4>\n

Currently, 32 women hold CEO posts among the US Fortune<\/em> 500 companies and even fewer are in charge in European blue-chip companies.\u00a0 Yet, after nearly a half-century of women pouring into the workforce, it can no longer be seen as a pipeline question.\u00a0 \u201cI have been watching the pipeline for 25,\u201d said Julie Baum of search firm Spencer Stuart. \u201cThere is real bias, and without the ability to shine a light on it, and really measure it, I don\u2019t think anything\u2019s going to change.\u201d<\/p>\n

A Korn Ferry Survey in April of 786 male and female senior executives also showed the extent of the barriers women face.\u00a0 43% said they thought that continued bias against women as CEOs was the primary reason more women did not make it to the top and 33% thought women in their companies were not given sufficient opportunities to become leaders.<\/p>\n

Other recent studies have shown that women who negotiate well promotions for themselves are more likely to be labeled \u201cintimidating\u201d or \u201cbossy\u201d, and that they are less likely than men to believe that they will be able to participate in meetings, receive challenging assignments, or find their contributions valued.\u00a0\u00a0\u00a0 As a result, data predicts that at least half of all women earning an M.B.A. this year will drop out of the workforce within ten years.<\/p>\n

The interviews with the women senior executives and the various studies shows that tracing what role gender plays in corporate decisions is often elusive.\u00a0 The testimony and the data show, though, that women continue to encounter bias, whether subtle or blatant, as they strive to achieve top positions. (\u201cWhy Women Aren’t CEOs,\u201d The New York Times<\/em>, July 23, 2017)<\/p>\n

To see all of the women running U.S. Fortune 500 companies, <\/em><\/strong>click here<\/a>. <\/em><\/strong><\/p>\n

\n

II. SEXISM IN SILICON VALLEY<\/em><\/strong><\/p>\n

\"\"Previous studies have documented the sizable gender gap in funding Silicon Valley start-ups.\u00a0 In fact, male entrepreneurs received $58.2 billion in start-up capital, while women entrepreneurs took in $1.5 billion, or just 2.5% of all funds in 2016.\u00a0 The explanation for the gap has centered on venture capitalists tending to back entrepreneurs who have succeeded before or who fit a certain mold.<\/p>\n

However, as women in Silicon Valley have come forth in significant numbers recently describing the sexual advances that come with negotiating, financing, jobs, and partnerships, another explanation for the gap in funding has emerged: A pattern of suggestive remarks and sexual propositions, misogyny, and assaults are too often a part of the capital-raising process for women.<\/p>\n

Some in Silicon Valley are now trying to address this work-based sexism.\u00a0 LinkedIn Founder and venture capitalist Reid Hoffman, for example, has called on his peers to sign a decency pledge.\u00a0 CEO of Ellevest Sallie Krawcheck says there should be a funding pledge instead to equal the playing field.\u00a0 Lisa Wang, a tech entrepreneur who failed to secure venture funding for her business \u2013 Fooze \u2013 has set up SheWorx, a group of 20,000 women entrepreneurs trying to close the funding gap.<\/p>\n

The number of women starting their own tech companies is growing even as the funding gap continues to widen and as the number of women investing partners shrinks.\u00a0 In this environment, the challenges for women entrepreneurs are great, but the risk taken by firms can be rewarded.\u00a0 Studies show that companies with female leadership perform better than those with male leadership<\/em><\/strong>.\u00a0 One venture capital firm, Venture Firm First Round Capital, found that companies in which they invested with at least one woman founder performed 63% better than all-male founder teams.\u00a0\u00a0\u00a0 (\u201cSexism and Silicon Valley: Women Can’t Raise Cash and Now We Have One More Reason Why,\u201d USA Today<\/em>, July 14, 2017)<\/p>\n

\n

III.\u00a0 BEST CITIES GLOBALLY FOR WOMEN ENTREPRENEURS<\/strong><\/em><\/p>\n

\"\"New York City, San Francisco, London, Boston, and Stockholm are the top five cities for high potential women entrepreneurs, according to the Dell Women Entrepreneurs Cities Index, released this month.\u00a0 The index ranked 50 cities globally for their ability to attract and foster the growth of women-owned firms focusing on five characteristics: capital, technology, talent, culture, and markets.<\/p>\n

Dell has undertaken this research with the goal of advising entrepreneurs and policy-makers on how to improve conditions to enable businesses founded by women to thrive.\u00a0 One of the study\u2019s key findings is that when impediments to female entrepreneurship are removed, there is a dramatic uplift in a city\u2019s economic prospects.<\/p>\n

In the top ten cities overall, six are in the U.S. \u2013 New York, San Francisco, Boston, Los Angeles, Washington DC and Seattle.\u00a0 Two of the top ten cities are in Europe (London and Stockholm), one is in Canada (Toronto), and one is in Asia (Singapore).\u00a0 (\u201cExecutive Summary: Dell Women\u2019s Cities Entrepreneurs Index 2017\u201d)<\/p>\n

Ranking 11th<\/sup> overall and 2nd<\/sup> for Culture is Sydney, Australia, the site of the 2018 Global Summit of Women<\/em><\/strong>.\u00a0 The report notes Sydney\u2019s high standard of living and growing start-up culture.\u00a0 Sydney\u2019s weaknesses are its gender wage gap and high property prices, which can be an impediment for entrepreneurs establishing themselves in the city.<\/p>\n

Angela Fox, Co-Leader for Dell in Australia and New Zealand is quoted as saying about Sydney, \u201cThe enablers are definitely there, there are great role models happening but there is still opportunity around access to capital.\u201d (\u201cIf you’re a female entrepreneur, Australia\u2019s not a bad place to live,\u201d Sydney Morning Herald, <\/em>July 18, 2017)<\/p>\n

Women in business from around the world will have the opportunity to meet many of Sydney\u2019s \u201cgreat role models\u201d at the 2018 Global Summit of Women, which takes place in Sydney from April 26-28, 2018.<\/p>\n

\n

To see highlights from the 2017 Global Summit of Women, visit www.globewomen.org\/globalsummit<\/a> <\/em><\/strong><\/p>\n

\"\"<\/p>\n

Australian delegation at the Tokyo Summit in May 2017 announcing Australia as 2018 Host Country<\/strong><\/em><\/p>\n

SAVE THE DATE!<\/strong><\/em><\/p>\n

2018 GLOBAL SUMMIT OF WOMEN<\/strong><\/em><\/p>\n

SYDNEY, AUSTRALIA<\/strong><\/em>
\nAPRIL 26-28, 2018<\/em><\/strong><\/p>\n

Don’t receive this e-newsletter regularly?<\/strong><\/p>\n

Subscribe by <\/strong>clicking here<\/strong><\/a>.<\/strong><\/p>\n

CONTACT US<\/strong>
\n<\/em>Global Summit of Women
\n1100 G St. NW, Ste.\u00a0700
\nWashington, DC 20005\u00a0 USA
\ntel: 202-835-3713 \/ fax: 202-466-6195
\n<\/em>email: <\/em>summit@globewomen.com<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

July 28, 2017; No. CCXLXV THIS ISSUE’S HIGHLIGHTS: I. WHY WOMEN AREN’T\u00a0CEOs II. SEXISM IN SILICON VALLEY III. BEST CITIES GLOBALLY FOR WOMEN ENTREPRENEURS\u00a0 I.\u00a0WHY WOMEN AREN’T CEOs Women who aspire to the C-Suite...<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-12108","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/globewomen.org\/globalsummit\/wp-json\/wp\/v2\/pages\/12108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globewomen.org\/globalsummit\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/globewomen.org\/globalsummit\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/globewomen.org\/globalsummit\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globewomen.org\/globalsummit\/wp-json\/wp\/v2\/comments?post=12108"}],"version-history":[{"count":3,"href":"https:\/\/globewomen.org\/globalsummit\/wp-json\/wp\/v2\/pages\/12108\/revisions"}],"predecessor-version":[{"id":12115,"href":"https:\/\/globewomen.org\/globalsummit\/wp-json\/wp\/v2\/pages\/12108\/revisions\/12115"}],"wp:attachment":[{"href":"https:\/\/globewomen.org\/globalsummit\/wp-json\/wp\/v2\/media?parent=12108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}