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The World’s Most Powerful Women: October 14

Oct 14, 2016

Britain is already steeped in a state of deep uncertainty about how exactly it will handle its exit from the European Union—and a Brexit-related lawsuit, whose lead claimant is investment manager Gina Miller, threatens to make things even more complex.

Miller is challenging the U.K. government's belief that it alone can trigger Article 50 to launch Britain out of the EU. She argues that the break-up must be done by parliamentary vote. The High Court started hearing her case this week, but the backlash against her side began much earlier. Demonstrators appeared outside the law firm representing her and an attorney working on the case told the Guardian there have been "a number of death threats."

Miller is used to facing intense criticism. She's the co-founder of SCM Private LLC, but is also a vocal advocate for asset managers to disclose exactly how much they charge investors—a position that has made her an unpopular figure in the industry. In an interview with the FT in April, she recalled attendees at an industry party referring to her as a "disgrace" whose lobbying would "bring down the entire City."

“I believe that level of abuse means I am doing something right for investors," she said.

Whether Miller gets that same kind of redemption in the Brexit case is now a matter for the courts to decide.

clairezillman

EUROPE/MIDDLE EAST/AFRICA

Let's try this again

Scottish FM Nicola Sturgeon said yesterday that she's going to introduce a bill next week for a second Scottish independence referendum. She said Scotland's vote the stay in the EU in June gave her the political mandate to defend its choice and challenge British PM Theresa May's hardline approach to Brexit. 

Fortune

THE AMERICAS

Dad doesn't know best?

Jordan Hewson, best known as Bono's daughter, talks to Fortune's Polina Marinova about the launch of her new startup Speakable, a tech company that promotes social activism. Despite her rockstar dad's penchant for philanthropy, she says she didn't turn to him for help. He's a good resource, she says, "but I try to keep him away from the company as much as possible.”

Fortune

Not good enough

Wells Fargo CEO John Stumpf stepped down from his position at the embattled bank on Wednesday afternoon, but that wasn't enough for Senator Elizabeth Warren, who'd laid into him during hearings about the bank's fake account scandal. Yesterday she unleashed a tweetstorm criticizing his decision to retire and renewing her call for Stumpf to face a criminal investigation.

Fortune

Taking on Trump

At a rally in New Hampshire for Hillary Clinton yesterday, First Lady Michelle Obama gave an impassioned speech denouncing Donald Trump's comments about women. “This is not normal. This is not politics as usual,” she said, adding, “Now is the time for all of us to stand up and say, ‘Enough is enough.'”

Fortune

ASIA-PACIFIC

Say my (birth) name

Gender equality in Japan suffered another setback this week, when a female schoolteacher sued after her employer refused to let her use her birth name in professional interactions. The court ruled that her employer's insistence that she use her married name was "rational."

Guardian

The cellphone gap

Cell phones are often considered a democratizer of knowledge. In India, they're having that effect on men, but not women. This story examines how the male-dominated society is keeping women from obtaining mobile devices and accessing the Internet. 

Wall Street Journal

IN BRIEF

Republican fundraiser Georgette Mosbacher: Trump is a ‘decent man’

Financial TImes

Wendi Deng Murdoch on Rupert, Ivanka Trump and her new film

Guardian

Meet the women who threw gangsters and the police out of a Mexican town

BBC

Kate Middleton flew economy, stunning passengers en route to London

Travel + Leisure

Boko Haram frees 21 Chibok schoolgirls in Nigeria

Wall Street Journal

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