Good morning, Broadsheet readers. Fraternity life is getting back to normal at UVA after last year’s sexual assault controversy, and Nasty Gal’s founder (and #GirlBoss author) has left her post as CEO. Read on to hear about a troubling diversity trend in Turkey. Enjoy Tuesday!
• The frat is back. Phi Kappa Psi, the fraternity at the center of Rolling Stone’s botched article about a horrific case of gang rape, has been reinstated on the University of Virginia’s campus. The college also has proposed new rules for all frats — like no kegs or punch made with hard-alcohol at future parties. Other fraternity chapters have until Friday to agree to the new rules or be at risk of losing affiliation with the university. Time
ALSO IN THE HEADLINES
• Speaking while female. In the second installment of a four-part series on women at work, Facebook COO Sheryl Sandberg and University of Pennsylvania professor Adam Grant dig into some of the unconscious biases we have against female voices. NYTimes
• #Girlboss, but not the boss. Sophia Amoruso, the founder of e-commerce site Nasty Gal, is stepping down as CEO to make room for Sheree Waterson, Nasty Gal’s current president. Waterson was chief product officer of Lululemon during the see-through yoga pant saga in 2013. Re/Code
• A first in Croatia. After a close election, Kolinda Grabar-Kitarovic will become the country’s first female president. NYTimes
• Replacing Boxer. Kamala Harris, the first woman and the first African American to be elected attorney general in California, plans to announce a run for Barbara Boxer’s former Senate seat, according to reports. Harris will likely have to compete for the seat as other potential candidates, like former Los Angeles Mayor Antonio Villaraigosa, consider a run as well. Bloomberg
• The woman behind Intel’s diversity push. Intel president Renée James is hopeful that a $300 million investment will help the company build a pipeline of female and other underrepresented workers in both engineering and computer science. “We looked at our numbers and said, ‘look, we’re not bad but the problem is we’re not good enough,’” says James. Fortune
• How Meredith Whitney unraveled. A year after launching her own hedge fund, a string of misguided bets and risks is starting to catch up with former star Wall Street analyst Meredith Whitney. Her top investor wants his money back and senior executives are leaving. Yet people close to Whitney say she isn’t close to giving up yet. Bloomberg
• MOVERS AND SHAKERS: The National Women’s History Museum announced that Susan Whiting, former vice chair of Nielsen, has been appointed chairman of the board. Cynthia Hardy Young, CEO and founder of Pivot Global Partners, also joined the Museum’s board.
For Turkey, more women on boards means little
A new report out today from Catalyst finds that women across the globe are gaining seats on corporate boards. The results are encouraging, but look beyond the Catalyst results and you’ll see that gender dynamics in some countries that have been lauded are, in fact, not so good.
Turkey provides a prime example of how misleading it is to view boardroom diversity as the sole barometer of equal opportunities for women. Although Turkey was not included in Catalyst’s report on 20 countries’ boardroom diversity, a similar report released on Monday by the International Labor Organization surveyed 44 countries on the gender makeup of their corporate boards. Turkey came out of the report as an apparent winner. Aside from Norway, which enacted gender quotas for corporate boards in 2003, Turkey had the highest percentage of female chairpersons; 11.1% of the country’s chairman roles are occupied by women. Turkey is also among the top 15 countries in the world with the most women sitting on boards overall.
These stats make Turkey seem like a leader in the global fight for gender equality. But when the World Economic Forum rated 142 countries on gender equality and the opportunity gap between genders, Turkey ranked 125. When it comes to labor force participation as well as women holding management positions both in the public and private sector, Turkey lags significantly behind most of its European peers. In Sweden, for example, 60% of women participated in the labor force in 2013. With a 29% female labor participation rate, Turkey ranks closer to countries like India and Morocco.
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IN CASE YOU MISSED IT
• Angela, who? Following a Sunday march in which more than 40 world leaders showed their support for France after the Charlie Hebdo killings, an ultra-orthodox Jewish newspaper photoshopped out female leaders like German Chancellor Angela Merkel from a photo that ran on its front page. Mediaite
• Women’s bill of rights? The New York State Senate plans to approve a set of laws that will make it illegal for employers to discriminate based on family status or to pay women unequally. AP
• Always look on the bright side of life. In a recent study out of the University of Illinois, a positive attitude was linked with cardiovascular health. Time
ON MY RADAR
The case for Tina Fey and Amy Poehler’s Cosby joke The Atlantic
Staying up to speed with a Harley-Davidson exec NYTimes
The quotes that motivate the most successful people Fast Company
The hardest part of my job is when my title doesn't change, but my job changes entirely. I went from scavenging thrift stores to updating social media to managing a small team of people to fast forward to now when there are hundreds of employees to handle.Nasty Gal Founder Sophia Amoruso, who just stepped down as CEO, talked with me in October about the challenges of growing with your company.