Good morning, Broadsheet readers. Read on to hear how Sallie Krawcheck responded to Microsoft CEO Satya Nadella’s pay comments, and to learn why his remark may not be as terrible as it first sounded. Hope you all have a great start to your week!
• Sallie Krawcheck: 'Ask for the friggin' money.' Pushing back against comments made last week by Microsoft CEO Satya Nadella on women asking for a raise, the Wall Street veteran said simply, "Ask for the money, ask for the money, ask for the friggin' money." Bizwomen
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Why Microsoft’s CEO may have been right about asking for a raise
Now that the witch-hunt has died down a bit, it might be time to cut Microsoft’s CEO a little slack.
Last week, Satya Nadella made a controversial comment about women and pay. On stage at the Grace Hopper Celebration of Women in Computing, Maria Klawe – the Harvey Mudd College president who was named one of the world’s 50 greatest leaders in Fortune for her work recruiting female engineering students — asked Nadella what advice he has for women uncomfortable with asking for pay raises. “It’s not really about asking for a raise, but knowing and having faith that the system will give you the right raise,” he responded.
The crowd was noticeably alarmed by Nadella's recommendation. Research shows that women are less likely to ask for a raise, which fuels the persistent gender wage gap. In 2013, female full-time workers were paid 78% of what men were paid.
After a swarm of negative attention in the press and on social media, the CEO quickly recanted his statement. He acknowledged that he answered the question “completely wrong” and firmly stated that he believes men and women should get equal pay for equal work. “If you think you deserve a raise, you should just ask,” he wrote in a letter to employees.
Yet Nadella’s second answer may be as ill advised as his first. Asking directly for a pay raise may be poor advice for workers regardless of their gender, say experts and several high-paid female execs.
“You never ask for more money,” Victoria Medvec, the executive director of the Center for Executive Women at the Kellogg School of Management, said last week in a panel discussion at the 2014 Fortune Most Powerful Women Summit. “You ask for more of a package. As you go into a negotiation, you always make it about what you achieving for the business. The compensation should be at caboose of the offer. It is just along for the ride.”
Click over to Fortune.com to read my full story.
IN CASE YOU MISSED IT
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• Where's Thor when you need her? Women who want to work in comics face an uphill battle, and comic giant Marvel is finally taking the diversity shortage seriously. Jeanine Schaefer, Marvel's senior manager for talent acquisition, says the Walt Disney-owned company is "aware that we don't have as many women working for us as we have men" and executives are focused on "mentoring women when they come in the door, making sure we're placing them where they can flourish." NPR
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Going to school is not only learning about different subjects. It teaches you communication. It teaches you how to live a life. It teaches you about history. It teaches you about how science is working. And other than that, you learn about equality, because students are provided the same benches. They sit equally—it shows us equality. It teaches students how to—how to live with others together, how to accept each other’s language, how to accept each other’s tradition and each other’s religion. It also teaches us justice. It also teaches us respect. It teaches us how to live together.Nobel Peace Prize winner Malala Yousafzai.