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The Broadsheet: July 31st

Good morning, Broadsheet readers! Check out how the big tech companies rate on diversity, read about a co-working space ill-fit to women, and learn why Millennial men are in a muddle. Have a fantastic Friday.


• Crunching diversity data. No doubt the technology industry has a serious diversity problem, but certain companies deserve credit for taking steps to hire and promote more women and people of color. To get a handle on who’s moving in the right direction—and who’s not—Fortune crunched the numbers for nine tech juggernauts, including Facebook, Google and Microsoft. Click here to see how they fared. Fortune


• Pinning goals. Speaking of diversity in tech, Pinterest—which released its latest diversity stats yesterday—has gone a step further than most companies, setting specific hiring goals for 2016. Pinterest plans to increase the hiring rate for full-time engineering roles to 30% women and 8% minorities. For non-engineering roles, the company aims to hire 12% underrepresented minorities.  Fortune

WeDon’tPump? In this open letter to co-working company WeWork, Glassbreakers CEO Eileen Carey writes that after moving her company into its new WeWork space, she was “shocked” to discover kegs to pump WeWork beer at every kitchen but no designated lactation room on any of the seven floors. TechCrunch

How does she do it? This peek into the “secret society” of executive moms reveals how many high-powered women have created informal networks to get candid advice on balancing family and career.  Fortune

• Millennial men in a muddle. A new study finds that while most men and women, age 18 to 32, have egalitarian attitudes about gender roles, many fall back on traditional roles when family-friendly policies are lacking. In other words, Millennial men are trying, but until employers get on board, women will continue to do the bulk of caregiving. New York Times

• Time to go co-ed? This story polls women on a timely question: Do we still need women-only events and panels? While the responses are mixed, Boston-based angel investor Barbara Clarke makes a convincing point: “If we only have women’s groups and panels, then we force ourselves into an echo chamber.” BizJournals

MOVERS AND SHAKERS: Former Netflix CMO Leslie Kilgore joined the board social networking company Nextdoor.


Spinning into the market. SoulCycle, the high-end spin class operator, has filed for an IPO. The company also announced that current COO Melanie Whelan will become CEO, though founders Elizabeth Cutler and Julie Rice will stick around as co-chief creative officers until at least 2018. Not sure why everyone seems obsessed with SoulCycle? Check out this explainer Fortune

The making of a billionaire. Lens Technology founder Zhou Qunfei is the wealthiest self-made woman in the world. This story chronicles how Zhou went from helping her parents raise pigs to working in a factory to founding a multibillion-dollar company that is one of the leading suppliers of the cover glass used in computers and phones.  New York Times

• The gig is up. While economists bicker over how the rise of the “gig economy” will affect workers, one thing is clear: Women age 20 to 24 are the demographic most likely to be juggling multiple jobs. Why? Blame the pay gap, says Valerie Wilson of the left-leaning Economic Policy Institute: “Young women may be choosing to piece together multiple jobs because the jobs they hold pay less.” WSJ

• Full circle. Melissa McCarthy talks to Vogue about her new clothing line, Melissa McCarthy Seven7, which launches September 1. The Bridesmaids star says she studied clothing and textiles in college and planned to become a designer. “It’s always what I thought I would do,” she says.  Vogue

• RBG reflects. Reflecting on the Court’s latest term, SCOTUS Justice Ruth Bader Ginsberg said that while she agreed with the recent landmark decision on marriage equality, she would have written a different ruling than the one penned by Justice Anthony Kennedy. “In this case, it was more powerful to have the same, single opinion,” she says, explaining why she opted to concur.  Huffington Post

Tune in to Fortune Live today and every Friday at 3 pm ET at Leigh Gallagher hosts Fortune Live, featuring interviews with Patek Philippe USA president Larry Pettinelli and co-founder Maxine Bedat.

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PETA becomes Hermès shareholder in crocodile flap  Fortune

Nigeria frees more than 50 women and children from Boko Haram  Time

Take a first look at Tory Burch’s new Tory Sport line  New York Times

App tracks women’s data to help them have better sex lives  Wired


Without women’s groups knocking on doors, I wouldn’t have gotten where I am. We need to support each other.

Supreme Court Justice Sonia Sotomayor