Good morning, Broadsheet readers! Valentina Zarya (@valzarya) here. Kellyanne Conway cries sexism, Theranos is getting sued yet again, and Ivanka Trump is getting Insta-hate mail. Have a stress-free Tuesday.
• Sincerely, Sallie. In her latest exclusive piece for Fortune, banking heavyweight-turned-entrepreneur Sallie Krawcheck tackles one of the most important issues of the day: the aftermath of the U.S. election. She addresses her thoughts to her daughter, Kitty, focusing on the younger woman’s concerns about what Donald Trump’s election may mean for her future—and the future of other women, here and abroad.
Krawcheck acknowledges those fears and allows that, yes, in some ways things have gotten more difficult for women in business, and may become harder still. Yet she also finds reasons to be hopeful—and perhaps even more importantly, lays out tactics that she believes will help us improve the lot of the next generation of women.
Her piece is timely in more ways than one. This afternoon, Fortune kicks off our 2016 Most Powerful Women Next Gen Summit, where a who’s who of women leaders will gather to talk business, politics, the arts—and of course—building a better future for us all. Tune in to the livestream today starting at 4:05 pm PST on Fortune.com and follow along on Twitter using the hashtag #FortuneMPW.
ALSO IN THE HEADLINES
• Fewer female-run funds. A study released Monday by investment research and management firm Morningstar found that in the U.S., a fund manager is less likely to be a woman today than in 2008—and the rate of women entering the industry is only getting smaller. At just 10% female, it is one of the most male-dominated white-collar jobs. For comparison: about 36% of lawyers and 33% of doctors are women.
• When it rains, it pours. Blood-testing startup Theranos just got slammed with yet another lawsuit from private investors, which alleges that the Elizabeth Holmes-run startup deliberately misled its investors about its technology’s potential to transform diagnostic testing. Meanwhile, in an interesting twist, the Wall Street Journal, whose investigation led to the startup’s unraveling, reports that Rupert Murdoch, the executive chairman of WSJ parent company News Corp, had invested about $100 million in Theranos.
• A founder gets frank. In her new book, Sheryl O’Loughlin, the co-founder of Plum Organics and the former chief executive of Clif Bar, talks about the dark side of founding a company. “When people hear about entrepreneurship in the media, it is all about this person who was a huge success [and] who made all this money,” she says in an interview with Fortune. “There is also drug abuse, divorce, depression, and suicide, and those are things that people don’t talk very much about.”
• Kellyanne calls out Joe. After Morning Joe reported on Trump’s allegedly “furious” reaction to Kellyanne Conway’s media blitz against secretary of state contender Mitt Romney on Sunday, the former Trump campaign manager texted the show’s hosts to call their reporting “sexist,” anchor Joe Scarborough said on air Monday.
• A Silicon Valley I’d work in. Silicon Valley Bank, which serves mostly technology and life science businesses, is considering removing names from job candidates’ résumés in a bid to prevent unconscious bias from recruiters.
• Ivanka’s Insta drama. A new Instagram account with the handle @dear_Ivanka is calling out Donald Trump’s eldest daughter for staying silent about her dad’s rhetoric and actions. The account juxtaposes glamorous shots of Ivanka Trump with “letters” from people who feel that they will be marginalized under a Trump presidency.
New York Magazine
MOVERS AND SHAKERS: Lisa Calhoun, a founding partner at Valor Ventures, has been named to the Women Who Code board of advisors.
IN CASE YOU MISSED IT
• Speaking up off-stage. In a powerful new PSA, actress Amber Heard encourages viewers to speak up about domestic abuse, saying “your voice is the most powerful thing.” Meanwhile, Evan Rachel Wood spoke about her sexual assaults in an interview with Rolling Stone. “I don’t believe we live in a time where people can stay silent any longer,” she said.
• A lesson on social norms. A program on Morocco’s state-owned TV channel aired a different kind of domestic abuse PSA. It showed a makeup artist demonstrating how to use cosmetics to cover up evidence of violence. The show has since apologized.
• Inaction speaks louder than words. Sophie Walker, leader of the U.K.’s Women’s Equality party, called out British PM Theresa May’s government for its inaction on women’s issues.“The government said it would issue [pay transparency] guidelines this autumn to companies and we’ve seen absolutely nothing. There’s nothing…about childcare or social care. The silence is deafening,” Walker said.
• Revenge porn avenger. Brooklyn attorney Carrie Goldberg is a pioneer in the field of sexual privacy, using the law to defend victims of hacking, leaking, and other online assaults. She started her own practice after being threatened by an ex-boyfriend and being told by the police that there was nothing to be done.
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ON MY RADAR
Why can’t we stop sexual harassment at work?
Female directors don’t need “experience,” they just need to get hired
Hillary’s no-makeup face as Rorschach test
New York Magazine
15 female candidates ran for parliament in Kuwait’s latest election. Only this woman won.
Correction: Yesterday, I mistakenly identified Jewel as a Grammy-winning artist. She has been nominated for four Grammy Awards, but has not won any.