Good morning, Broadsheet readers! The Most Powerful Women Summit is in full swing and we have highlights from Under Armour’s Susie McCabe, Cisco’s Kelly Kramer, and Northwestern’s Vicki Medvec. Plus: Apple’s Angela Ahrendts talks about her vision for the company’s retail outlets. Have a wonderful Tuesday.
• Hottest ticket in town. The Fortune Most Powerful Women Summit is taking place all day today in Laguna Niguel. Tune in to the catch the action starting at 9 am Pacific on Fortune.com. Today we’ll hear from IBM CEO Ginni Rometty, DDB North American CEO Wendy Clark and Barbra Streisand—to name just a few. Plus: Facebook COO Sheryl Sandberg will put on her interviewer hat for a conversation with Priscilla Chan, co-founder of the Chan Zuckerberg Initiative.
FROM THE FORTUNE MPW SUMMIT
• Profit pressure. Chief financial officers from Cisco, Walt Disney and Microsoft talked about some of the pressures that today’s public companies face — from activist investors to public relations nightmares to providing Wall Street guidance.
• The art of negotiation. Vicki Medvec, executive director of the Center for Executive Women at Northwestern’s Kellogg School of Management, offered her top negotiating tips.
• Character matters. Under Armour’s Susie McCabe talked about how her company chooses the athletes it sponsors, candidly noting: “We have a no a–hole policy.”
• Speed-dating schmooze. Thirty-five teenage girls—juniors and seniors at Orange County high schools—descended on the confab, prepared to network. And they did, speed-dating style.
• Tackling a tough topic. Accenture’s Julie Sweet explained how she broached the topic of race with her 50,000 employees in early July, after an awful week of violence had shaken the nation and laid bare America’s racial tensions.
• Spinning failure into success. Ellevest CEO Sallie Krawcheck and BBG Ventures president Susan Lyne discussed what they learned from very public firings.
ALSO IN THE HEADLINES
• Melania on defense. Melania Trump defended her husband in an interview with CNN, saying the recent accusations by women who claimed the Republican presidential candidate groped them were “lies.” She also blamed Billy Bush for “egging on” those infamous statements on the Access Hollywood bus.
New York Times
• Thanks, Obama. As the end of Michelle Obama’s eight-year tour of duty in the White House comes into sight, three women—Gloria Steinem, Chimamanda Ngozi Adichie, and Rashida Jones—write thank-you notes to the First Lady for “quietly and confidently changing the course of American history.”
New York Times Magazine
• Check yourself. Fortune‘s Laura Cohn test-drives a new online course from UN Women and PwC that’s designed to identify and eliminate (or at least reduce) unconscious gender bias.
• Waste not, want not. Laurene Powell Jobs, widow of Steve Jobs and co-founder of College Track, an organization that supports underserved youth through high school and college, writes about encountering bright, hard-working young people who, because of their undocumented status, are unable to put their intelligence and creativity to work for American industry.
• Low bar. A new survey finds that women make up 19% of partners at large New York City law firms, with minority women accounting for just 3%.
New York Times
• Once and future Speaker? With Donald Trump’s poll numbers in free fall, some Democrats are beginning to speculate that Nancy Pelosi could return to the House speaker’s chair after a six-year absence. While still unlikely, Politico says it would be “a stunning, almost unthinkable, triumph for Pelosi.”
• Getting the nod. Preet Bharara, the U.S. attorney in Manhattan, is expected to pick Lisa Zornberg, known as “a tiny tornado of a prosecutor,” as the new head of his criminal division.
New York Times
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