EVERYONE'S TALKING

• Time to break it up. Hewlett-Packard filed regulatory documents yesterday detailing plans to spin off its printer and personal computer business in November. HP CEO Meg Whitman, who will lead hardware-focused business that remains, said: "Today, I’m more convinced than ever that this separation will create two compelling companies well positioned to win in the marketplace and to drive value for our stockholders."  Fortune

ALSO IN THE HEADLINES

• Winning war chest? Hillary Clinton's campaign expects to have raised more than $45 million since she kicked off her run in April, a record-setting figure that will almost certainly put her atop the presidential fundraising heap. Time

• King of multitasking. I got exhausted just reading this photo-driven NY Mag profile of Gayle King, who works 18-to-20-hour days at her two jobs: co-host of CBS This Morning and editor-at-large of O: The Oprah Magazine.  New York Magazine

• Unwomanned vehicles. Meet four women who are shaping the future of the drone industry—including Helen Greiner, CEO of CyPhy Works, who says she can trace her love of robots back to her girlhood crush on Star Wars' R2-D2. Fortune

• Getting camera-ready. First Lady Michelle Obama took to Instagram to announce an end to the decades-old ban on taking photographs inside the White House during public tours. But don't worry, there's still some decorum in the people's house: selfie sticks remain a no-no. NPR

• Patriarchy, can you spare a quarter? Now that we're getting closer to putting a woman on the $10, a new petition is asking that the U.S. Mint issue a new set of 50 quarters featuring prominent American women from each state.  ThePetitionSite.com

• The quota question. When it comes to creating gender-balanced boards, it's the eternal question: Do quotas work? While the answer still isn't clear, quotas do seem to be winning—and doing some good—in Europe.  Bloomberg

• Movers & Shakers: Christine McCarthy has been promoted to CFO of Disney, becoming the first woman to hold that role.

BROADVIEW

How Donna Karan killed the power suit

Are you wearing shoulder pads right now? No? Thank Donna Karan.

Our modern ideas about what working women wear can all be traced back to Karan, who announced Tuesday that she’s stepping down as chief designer of her eponymous company.

Karan began establishing her reputation as the fashion world’s staunchest champion of career women back in 1985, when she debuted her first DKI collection. The line revolved around what Karan called “seven easy pieces:” a body suit as foundation, with a range of interchangeable garments—a wrap-skirt, tailored jacket, cashmere sweater, etc.—that could be layered on top.

In a piece she wrote for Bloomberg Businessweek last year, Karan described her inspiration for the seminal collection. Before launching DKI with her late husband Stephan Weiss in 1984, she’d been head designer at Anne Klein. At that time, she wrote, “women were wearing jackets and bow ties and shirts—more or less dressing like men… Nobody was doing the kind of clothes women needed from the minute they got up in the morning to the minute they went to bed at night. I don’t think anyone really understood how crazy our lives were. Those suits were holding us back.”

The “seven easy pieces” were designed to allow women to be comfortable and move freely, and to take them wherever they needed to go—be it work, school pick-up, a dinner party or all three. They also allowed women to come to the office in clothes that were designed to flatter the female body, bringing what Karan has called “the sensuality of women” into workplace.

To read the rest of my story, click here.

IN CASE YOU MISSED IT

• Telling secrets. Sue Ann Baker is the author of Behind the Shades, a new book about her experience as one of the first five female agents in the Secret Service. This story teases some fascinating anecdotes—including the time Baker went undercover as a camp counselor for Princess Caroline.  The Hill

• A lovely campaign. The Ad Council, led by CEO Lisa Sherman, took its award-winning "Love Has No Labels" campaign to NYC Pride on Sunday to see how the LGBTQ community responded to the campaign's message. AdWeek

• Heels take a hit. Have stilettos lost their edge? Women ranging from investment bankers to celebrities say they're trading heels for flats for health, comfort and even fashion reasons. Fortune

• Sweet Briar sinks? While a Virginia judge has approved a settlement that will keep Sweet Briar College open for at least a year, that may not be enough to save the women's school: Only 250 students, less than half its enrollment in the most recent academic year, are expected to return this fall. Bloomberg

Share today's Broadsheet with a friend:
http://fortune.com/newsletter/broadsheet/

Looking for previous Broadsheets? Click here.

ON MY RADAR

Kim Kardashian endorses Hillary for president  New York Magazine

Lifetime's UnReal is the first antihero show created by, starring and brutally satirizing women  Slate

A tech CEOs advice on hiring women: Get rid of the Nerf guns  CNNMoney

The most bizarre hairstyles from men's fashion month  Bloomberg

QUOTE

It's no use going back to yesterday, because I was a different person then.

Alice, in Lewis Carroll's <em>Alice's Adventures in Wonderland,</em> which is turning 150 years old.