Good morning, Broadsheet readers! Fox News gives Sarah Palin the boot, chef Gabrielle Hamilton offers a master class on saying “no,” and it’s a defining moment for Angela Merkel’s legacy. Have a great Thursday!
• Merkel makes history. With the debate over Greece’s future in the EU entering a decisive phase, it’s also a critical moment for German chancellor Angela Merkel’s legacy as a global leader.
New York Times
ALSO IN THE HEADLINES
• Sending Palin packing. Fox News will not renew its contract with former Alaska governor and 2008 vice presidential candidate Sarah Palin.
• “The queen of no.” Chef Gabrielle Hamilton is known as “the queen of no” for refusing to expand into multiple restaurants, cooking shows and branded products. Still, having just one restaurant—New York City’s Prune—hasn’t stopped her from becoming one of the industry’s most renowned chefs.
• All words matter. Hillary Clinton is facing a backlash for saying that “all lives matter” in an African-American church near Ferguson, Missouri. Her choice of words upset some, who say she’s missing the point of the “black lives matter” mantra.
New York Times
• Martha makes bank. Martha Stewart, who has agreed to sell her media empire to Sequential Brands for $353 million, will receive an annual payment of at least $3.6 million in her new role as Sequential’s chief creative officer. Stewart also stands to net a lump sum of about $167 million from the sale, based on her stock holdings.
• Hack of the century. In part 1 of an astounding three part series, Fortune‘s Peter Elkind tells the story behind the now infamous Sony hack that brought down then-studio chief Amy Pascal.
• I advise you to check it out. The Cut‘s fantastic “Advice Week” continues. In this post, 25 famous women—including Helen Mirren, Gayle King and Ava DuVernay—share the best advice they ever received.
New York Magazine
IN CASE YOU MISSED IT
• A fashion rule breaker. Designer Donatella Versace is the new face of… Versace rival Givenchy. She took to Instagram to explain the unorthodox move, saying: “I believe in breaking rules.”
• A modest mogul. While you may not have heard of Thai Lee, the low-profile CEO has quietly grown her company, SHI International, into one of the world’s largest software providers.
• The savings gap. A new study finds that millennial women who are contributing to a 401(k) have a median balance of $11,000—just half of what’s in their male counterparts’ accounts.
• From dropout to Fed whisperer. Mary Daly dropped out of high school at 15. Now the 52-year-old Ph.D. economist and associate research director at the San Francisco Fed is helping shape the way Fed chair Janet Yellen views the job market.
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ON MY RADAR
J.K. Rowling reveals the backstory of Harry Potter’s mean aunt and uncle Dursley
A new survey finds that most people don’t know how much their spouse makes
This Inside Amy Schumer hair dye ad pokes fun at sexist advertising
Eight female rising tech stars share their career secrets
|It's my job, now that I've succeeded, to make sure I'm doing everything I can to pull more women up.|
| -- Synchrony Financial CEO Margaret Keane, on the importance of mentoring young women |