Good morning, Broadsheet readers! Bernie Sanders is after Hillary’s super-delegates, Avon is making peace with activist investors, and Ivanka Trump welcomes her third child. Have a productive Monday.
• The profit pitfall. Oliver Stanley argues in Quartz that there’s a risk to saying that adding women to corporate boards leads to greater returns. Business leaders, he says, know that no single factor drives profitability, making the ‘add-women-boost-profits’ argument easy to dismiss—and increasing the chances that they’ll pooh-pooh other, sounder rationales as well.
While Stanley makes several good points, I think abandoning the studies that link diverse boards to higher earnings is a mistake. When it comes to winning corporate hearts and minds, an argument based on fairness and equality isn’t going to cut it. Instead, we need to make the business case for diversity. Yes, it’s naive to suggest that boosting profits is as simple as adding women to a board, but since researchers continue to find that there’s a correlation there, why not use that evidence as one part of a multi-layered rationale for change?
ALSO IN THE HEADLINES
• A super strategy? Bernie Sanders swept the Saturday caucuses in Washington, Hawaii, and Alaska, giving him momentum—and a plan to chip away at Hillary Clinton’s delegate lead. Appearing on CNN, Sanders said that Democratic super-delegates “may rethink their position with Hillary Clinton,” in light of recent polls that suggest that he would be more likely to beat the remaining GOP candidates.
• A boardroom makeover. Avon, led by CEO Sheri McCoy, is nearing a settlement with activist investors that will allow the beauty retailer to avoid a proxy fight. The deal would give the activists approval of a new independent director. Also in the works: the appointment of former FedEx exec Cathy Ross as an additional director—a move the investors endorse.
• O’Connor gets in the game. A few years after retiring from the U.S. Supreme Court, Sandra Day O’Connor founded iCivics, an education nonprofit that has released 19 free online video games, including the new election-themed Win the White House. Quite a feat given that Justice O’Conner says she had never watched—much less played—a video game until a few years ago.
New York Times
• Adding a little spice. Taiwan’s opposition Nationalist Party has chosen Hung Hsiu-chu, a one-time schoolteacher whose nickname is “Little Hot Chili Pepper,” as its new leader. The selection comes five months after the party removed her as its candidate for January’s presidential election after a campaign riddled with gaffes.
• A horrific history. No one who’s been paying attention needs to be convinced of Donald Trump’s disregard for women, but this deep dive into the history of his misogyny is worth a read.
• And then there were three. In happier Trump news, Ivanka Trump, EVP in the Trump Organization and head of her own eponymous accessories line, has given birth to her third child, Theodore James Kushner. Congrats, Ivanka!
MPW INSIDER MONDAYS
Each week, Fortune asks our Insider Network — an online community of prominent people in business and beyond — for career and leadership advice. Here’s some of the best of what we heard last week.
• First impression fail. Adena Friedman, president of Nasdaq, weighs in on the very worst thing you can do when you start a new job.
• Know your place. What stage of your career are you in right now? Ritu Anand, deputy head of global human resources at Tata Consultancy Services, identifies the three major stages—and the biggest potential pitfalls of each.
• The confidence code. Priti Shah, VP of global corporate marketing at Skillsoft, has three tips for improving your workplace confidence.
IN CASE YOU MISSED IT
• Driving design. While the auto industry remains male dominated, women are beginning to make their mark in design and engineering. Meet four women who helped create some of the buzziest cars at the New York International Auto Show.
• Ms. MacGyver. Tricia Clarke-Stone, CEO of marketing and tech firm Narrative, talks about why she likes to hire “people like the MacGyver TV character.”
New York Times
• Happy birthday, Beverly! As someone who grew up on the Ramona Quimby books, I was tickled to catch this Today show segment with author Beverly Cleary, who turns 100 next month.
• Master mansplainer. Jimmy Kimmel and Hilary Clinton team up for a hilarious and pitch perfect example of mansplaining.
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ON MY RADAR
|I pinned my 1st rejection letter to my kitchen wall because it gave me something in common with all my fave writers!|
| -- Harry Potter creator J.K. Rowling, on dealing with failure |