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'We didn’t see this coming': Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO

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Broadsheet

The Broadsheet: January 26th

By
Caroline Fairchild
Caroline Fairchild
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By
Caroline Fairchild
Caroline Fairchild
Down Arrow Button Icon
January 26, 2015, 7:43 AM ET

Good morning, Broadsheet readers. Actress Emma Watson is following up on HeForShe with a new initiative, and Apple’s board of directors may get closer to gender parity. Read on to hear why Duke University is studying Shonda Rhimes. I hope you have a great start to your week!

EVERYONE'S TALKING

• North Korea's most powerful women. Kim Jong Un’s wife and his younger sister are, arguably, the country's two most powerful women. But while Ri Sol Ju and Kim Yo Jong are united in wanting to extend North Korea's power, their overlapping influences could breed an intense rivalry. “The wife wouldn’t like it if her husband got too close to his sister; the sister wouldn’t like it if her brother got too close to his wife," a former North Korean prime minister told Bloomberg.  Bloomberg

ALSO IN THE HEADLINES

• Watson keeps fighting. After a groundswell of support for the United Nations' HeForShe campaign, actress Emma Watson has now announced the IMPACT 10x10x10 Initiative: A new one-year UN pilot program "to engage governments, corporations and universities as instruments of change positioned within some of the communities that most need to address deficiencies in women's empowerment and gender equality and that have the greatest capacity to make and influence those changes."  Mic

• Not just Ava's problem. Yes, a lot of us are bothered that Selma director Ava DuVernay was not nominated for an Academy Award, but let's make sure to consider the big picture: Only 4.4% of the top 100 box-office domestic releases between 2002 and 2012 were directed by women. Activisits like Geena Davis are committed to increasing the representation of women in the media, but barriers still remain as the Academy Award Guild itself is comprised mostly of white men.  NYTimes

• Bye, bye Mickey. Mickey Drexler, CEO and chairman of J. Crew, is retiring from Apple's board of directors after 16 years of service. Drexler stepping down could mark a critical moment for Apple to move closer to gender parity on its board. Currently two of the tech giant's eight directors are women. Studies suggest that it takes three female directors to achieve critical mass and impact the performance of a company.   Re/Code

• Will Tumblr tumble? Yahoo CEO Marissa Mayer promised to keep Tumblr as an independent company after acquiring the micro-blogging platform for $1.1 billion in 2013. But multiple sources told Re/Code that Mayer is considering integrating the company more fully into Yahoo's sales and operations. Re/Code

• More political than we think? Despite speculation that U.S. Attorney General nominee Loretta Lynch would be less politically vocal than Eric Holder, some of her speeches from the 1990s demonstrate Lynch's willingness to discuss racial injustice. “There is a poverty of spirit afflicting America that is crippling it,” she said in 1992 after Los Angeles cops were acquitted in the beating of Rodney King.  Bloomberg

• Quitting can be a good thing. Li Na, the first Chinese citizen to win a Grand Slam tennis championship, defied her government, quit pro sports and is now one of the most popular women in Asia, with more than 20 million followers on China’s social media. Lesley Stahl reports on Li Na on 60 Minutes. CBS News

MPW INSIDER MONDAYS

To help you jump start the work week, here are my favorite posts from Fortune's Insider Network, an online community where prominent people in business and beyond answer timely questions about careers and leadership. 

• Laugh often. To succeed on Wall Street, women need to realize that coworkers often say and do "the craziest things," writes Barbara Byrne, vice chairman of investment banking at Barclays. "Assume that offenses do not stem from malice, but rather from ambition. Use humor to build bridges and laugh."  Fortune

• Stick to your gut. Female leaders are still expected to tread a fine line between 'soft' and 'strong,' writes Sandi Peterson, group worldwide chairman at Johnson & Johnson. But sticking to your gut, being willing to take risks and not "waffling on the tough decisions" goes a long way toward gaining the trust of your team.  Fortune

• Focus on tomorrow. When it comes to getting a job in the C-Suite, it's much more important to think about what you are accomplishing in the future than what you accomplished in the past, writes Colette LaForce, SVP and chief marketing officer at AMD. "You have to be ready to jump out of your old skin and into a whole new world of leadership."  Fortune

IN CASE YOU MISSED IT

• Shonda Rhimes 101. Duke University will be hosting a symposium on Jan. 29 and 30 on the topic of Shonda Rhimes, the creator of Grey's Anatomy and Scandal and the executive producer of How to Get Away with Murder. The goal is to better understand her impact on mainstream television. Entertainment Weekly

• The Hunting Ground. A film about sexual assault on college campuses premiered this weekend at the Sundance Film Festival. It was met by viewers who "repeatedly gasped as student after student spoke on camera about being sexually assaulted — and being subsequently ignored or run through endless hoops by college administrators concerned about keeping rape statistics low." Erica Kinsman, the woman who accused Florida State quarterback and Heisman Trophy winner Jameis Winston of sexual assault, is one of the powerful voices who spoke out for the first time in the film.  NYTimes

• Restaurant work with perks. The Laughing Planet Cafe, a restaurant chain with 14 stores in Oregon and Nevada, offers three months of fully-paid parental leave to its 280 employees. Only 6% of service workers get any sort of paid family leave. "I really do think this will be better for us in the long run," Laughing Planet's CEO told Businessweek. "But who knows, maybe in 12 months, I'll say, oh no, what have I done?"  Businessweek

• The 71% problem. Despite experiencing massive success and growth, social sharing site Pinterest still hasn't figured out how to attract men. Some 71% of users are women, making it the web's most female-skewed social media site.  WSJ

ON MY RADAR

6 powerful women at Davos you may not know -- but should  Fortune

Miss Colombia named Miss Universe  Time

The battle to include women  WSJ

10 women who impersonated men to get ahead  Business Insider

How to help young girls stay assertive  Fast Company

Is this the most feminist show on television?  The Atlantic

QUOTE

Like Hillary Clinton, I too have travelled hundreds of thousands of miles around the globe. But unlike her, I have actually accomplished something. Mrs. Clinton, flying is not an accomplishment, it’s an activity.

Former Hewlett Packard CEO Carly Fiorina says in a speech to the Iowa Freedom Summit in advance of announcing a White House bid this year.
About the Author
By Caroline Fairchild
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