Welcome back to the grind! We hope everyone had a lovely Thanksgiving break and that this holiday season has kicked off to a jolly — not grinchy! — start for you and yours. There are only a few weeks left in this decade, which makes it the perfect time to celebrate some of the leaps forward in gender equality in the workplace, reflect on what we all could have done better and make strategic plans for 2020 (!) and beyond.
We’ll be posting some thoughts of our own on Boss Betty this month and would love to hear from you, too. What/who do you think had the biggest positive impact on gender parity at work? What was the cause of the biggest setbacks? What would you most like to see moving forward? Email your reflections to info@bossbetty.com and let us know if we can publish your name.
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Onto the headlines. Here are a handful of the biggest female-focused business news stories making the rounds so far this week:
Bridgewater Associates Co-CEO Eileen Murray is leaving the world’s largest hedge fund firm —founded by Ray Dalio — in the first quarter. Worth noting: The veteran financial services executive was the first female member of Credit Suisse’s executive board.
Big Law firm Morrison & Foerster settled with five of the seven female lawyers in a very high-profile proposed gender discrimination class action alleging that the plaintiffs had been put on a “mommy track” resulting in lower compensation, among other allegations.
Billionaire Steve Wynn, who was ousted last year from his role as CEO and chairman of Wynn Resorts, is set to personally pay $20 million in damages to settle a shareholder lawsuit following claims of sexual misconduct levied by more than 100 female employees of the company. Details of the deal had not been previously disclosed.
GE’s new CFO Carolina Dybeck Happe clearly has her work cut out for her, and the company clearly knows it — while she will earn an annual base of $1.5 million, she will have to stick with the conglomerate for four years to take home the $8 million in stock that is also part of her comp package.
While this isn’t business news, it is very-powerful-woman news, so here’s one of the many pieces on the decision by Sen. Kamala Harris to drop out of the 2020 presidential race, which has an historic number of female candidates.
Check out our breakdown of news by industry here.