Good morning, Broadsheet readers! Sallie Krawcheck launches her lady-centric robo-advisor, Ivanka Trump may take over the family business, and another powerful man has come out against equal pay in tennis. Have a productive Wednesday.
• No love lost. It’s been a tough week for tennis—a sport that’s usually seen as a haven for female athletes, since it’s one of the few to often offer men and women equal prize money. First, Andy Murray split from his coach Amelie Mauresmo, a dispiriting end to the first partnership between a female coach and a top male player. Then Ion Tiriac, owner of the Madrid Open—a tournament that currently pays male and female tennis players equally—gave a rambling interview in which he insisted that men and women “are not equal” and that he is considering offering women less prize money. He also dropped this gem about female players: “The longer the legs theirs are, the more beautiful I think they are.”
His remarks seems especially tone deaf coming just months after the director of the BNP Paribas Open enraged players and officials when he said that female players “ride on the coattails” of their male counterparts. That statement ended with his resignation. Will Tiriac face a similar fate?
ALSO IN THE HEADLINES
• Dem race drags on. Bernie Sanders won West Virginia’s primary last night, but pundits’ view is that he is only prolonging the race and that Hillary Clinton will eventually become the Democratic nominee. To even have a shot at winning the nomination, Sanders would need a series of landslide victories (with at least 70% of the vote) in the few remaining contests. On the GOP side, Trump won both West Virginia and Nebraska yesterday.
• Krawcheck does the robot. Ellevest, Sallie Krawcheck’s women-centric digital investment platform, opened to the public this morning. Ellevest takes into account women’s longer life expectancies, lower lifetime earnings, and tendency to play it safe when it comes to investing.
• Trump says she’s hired? In an interview with Fox anchor Megyn Kelly, Donald Trump spokesperson Katrina Pierson attempted to prove that Trump isn’t sexist because he plans to have his daughter Ivanka “take over” the Trump Organization if he’s elected in November. While the Trump campaign wouldn’t confirm (or deny) Pierson’s statement, this is the first hint that Ivanka could end up leapfrogging her brothers in the family business.
• Fatherly knows best? Fatherly, a website aimed at millennial dads, just released a list of the 50 best places to work for new fathers. As anyone who’s been following the news about parental benefits could probably guess, tech companies dominate the ranking, accounting for 30% of recognized employers.
• This is your pregnant pilot speaking. Four pilots (with some help from the ACLU) are suing Frontier Airlines, claiming that the airline discriminates against pregnant pilots, forcing them to take unpaid leave eight to 10 weeks before their due dates, then failing to accommodate their breastfeeding needs.
MOVERS AND SHAKERS: Michele Ganeless, Comedy Central’s longtime president, is leaving the network at the end of the month.
IN CASE YOU MISSED IT
• Jill on Hill. Jill Abramson writes about Donald Trump’s attempts to use Bill Clinton’s sexual misconduct with women to paint Hillary Clinton as his “enabler.” Abramson concludes that, while the attacks might sting the Democrat in the short term, women will ultimately side with Clinton over Trump.
• Fracas over fists. Vanessa De Luca, editor-in-chief of Essence, writes a compelling defense of the female African-American cadets from West Point who sparked controversy by being photographed raising their clenched fists.
• A violent reaction. Julia Ioffe, the reporter who wrote a GQ profile of Melania Trump that the former model called “dishonest”—filed a police report alleging that she’s been receiving violent threats connected to the article.
• Potential good news. New research finds that women perceived as “high-potential” receive a pay premium, making even more than their male counterparts. There’s a catch of course: That pay boost is far more likely to kick in if they work for a company with overarching diversity goals.
Harvard Business Review
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ON MY RADAR
|This action is about a great deal more than just bathrooms. This is about the dignity and respect we accord our fellow citizens and the laws that we, as a people and as a country, have enacted to protect them—indeed, to protect all of us.|
| -- U.S. Attorney General Loretta Lynch, announcing that the Justice Department has sued North Carolina over its so-called bathroom law. |
U.S. Department of Justice