Good morning, Broadsheet readers. The U.S. has more stay-at-home dads than ever before. Yet few of the country’s highest-achieving businesswomen are marrying men who are man enough to, well, just man the house. Read on to learn what the implications of this could be for future generations of female execs. Have a great Thursday!
• The gender pay gap, revisited. A new study finds that it’s not just an employee’s gender that matters in determining salary: The gender and age of the employee’s manager also is important. In fact, the pay gap is widest when older men manage young women. The study also found that the reverse is true: Men working for women earned less than women working for women. The findings support the thesis that getting more women into manager roles could have a powerful trickle-down effect on closing the pay gap.
ALSO IN THE HEADLINES
• Cisco opens up. Despite having one of the most diverse C-suites in Silicon Valley, the tech giant is struggling to diversify its larger workforce. A full 77% of its employee base is male. “We can do a lot more as an industry and as a company,” said chief technical and strategy officer Padmasree Warrior.
• Corruption threatens Rousseff. An alleged scandal at Brazil’s largest company, Petrobras, is making critics question President Dilma Rousseff ’s ability to lead. Several former execs at the company have been arrested on accusations of price rigging of contracts and bribery. “It will suck up a lot of energy and wear out her popularity,” a political analyst told the Wall Street Journal.
• Playing with gender. Gone Girl author Gillian Flynn often gets told that the novel’s protagonist, Amy, embodies awful stereotypes about women. Her response? “Yes, exactly, and that’s kind of the point. She knows every trope there is. She’s a storyteller, she’s a studier, and she has absolutely no compunction about using the female victim role, using the femme fatale role, using the girl-next-door role,” Flynn said in an interview with The New York Times.
• How can women rise to the C-suite? If more women want to rise to executive roles, they “need to open some doors for [themselves] in pursuit of career advancement,” writes Campbell Soup Company CEO Denise Morrison. Some ways to open doors are to set ambitious goals, network and serve on a board, she added.
• Netflix’s loss, YouTube’s gain. Kelly Merryman, the former head of subscriptions for Netflix, has been named VP of content partnerships at YouTube. Merryman will join YouTube CEO Susan Wojcicki in her mission to make the platform the undisputed Goliath of online video.
• A first at Middlebury. Laurie Patton, a dean at Duke University, will become the first female president of the 214-year-old Vermont-based college.
The rise of stay-at-home dads? For female execs, not so much
Behind every great man, there’s a great woman—or so the saying goes. But in a time of shifting cultural norms and increasing workplace flexibility, powerful female execs hope to switch the roles in that expression.
Plenty of corporate America’s most influential women have been raving for eons about the benefits of marrying someone unafraid of domestic responsibilities. Of the 187 participants at Fortune‘s Most Powerful Women Summit in 2002, about 30% had house-husbands. More recently, Xerox CEO Ursula Burns credited much of her success to marrying a man 20 years her elder. He retired to take care of their two kids just when her career was hitting its stride; Ulta CEO Mary Dillon’s husband, a biochemist by training, did the same. And, of course, Facebook COO Sheryl Sandberg has famously said that picking a spouse (preferably one who splits housework) is a woman’s most important career choice.
But it all may be much ado about nothing. More dads than ever before are staying home full-time with their children—yet just 12% of female business leaders have full-time support at home from their partners. This compares to 55% of married male executives with stay-at-home spouses, according to researchers from Harvard Business School and the CUNY Graduate Center. Other studies purport that 60% of the men have partners who don’t work full-time outside the home, compared with only 10% of the women.
And despite popular culture’s anecdotal belief that younger generations perceive gender roles differently than their parents, a recent study suggests otherwise. Harvard Business Review surveyed 25,000 Harvard Business School graduates and 66% of millennial men expect their partners to take the primary responsibility for raising children—and only 42% of recent women HBS grads expect to fill that role.
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IN CASE YOU MISSED IT
• Canadian bank chief gets tough. Robbie Pryde, Toronto-Dominion Bank’s head of equities, said male bosses must serve as sponsors to women in order to bring more of them into upper management. “The key to success going forward is that men buy in,” he added.
• Hope for Turkey. The country is home to one of the most persistent gender gaps in the world. Support from the Turkish government for female entrepreneurs might just turn that stat around.
• Meet ‘average’ Barbie? Lammily, a doll created with the “average” body proportions of a 19-year-old woman, also is depicted with stretch marks and acne. The toy is the product of a successful crowd-funding campaign that brought in more than $500,000.
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World Economic Forum
|Don’t worry about fitting in with the boys club or dressing to fit in with them. Wear what you want because you will stand out when you blow someone’s mind. When you do gain leverage to make change, you’ll stand out and be more memorable: you will be legend.|
|-- Niniane Wang, CEO of start-up Evertoon, gives advice to young women in tech.|