Good morning, Broadsheet readers! The Hollywood Reporter whitewashes its cover, Tory Burch wants to give you $100,000, and Marissa Mayer gets the activist investor treatment. Have a productive Thursday.
• Another day, another activist. Starboard Value, the hedge fund led by activist investor Jeff Smith, is pressuring Yahoo to stop the spinoff of its stake in Chinese e-commerce site Alibaba. Instead, Smith wants Yahoo to sell its internet properties. This ups the pressure on Yahoo CEO Marissa Mayer, who has been struggling to fix the aging internet company for nearly four years. WSJ
ALSO IN THE HEADLINES
• Whitesplaining Hollywood. Every actress on the cover of The Hollywood Reporter’s popular “roundtable” issue is white. Knowing that this would prompt a backlash, the publication ran an editorial that essentially blamed the industry for its choices. “The awful truth is that there are no minority actresses in genuine contention for an Oscar this year,” writes Stephen Galloway, THR’s executive editor. Not surprisingly, Galloway’s essay did little to muffle the outcry.
• A taxing speech. Sen. Elizabeth Warren (D-MA) is taking shots at a GOP “elevator pitch” to lower corporate taxes, arguing that the government should actually be asking companies to pay more in taxes. She also took aim at plans to change the way U.S. multinationals are taxed, calling discounted rates on offshore profits “a giant wet kiss” to tax-dodging companies.
• Cisco gets stuck? While networking giant Cisco deserves praise for being one of the first tech companies to regularly release its diversity stats (it began a decade ago), the latest numbers don’t show much progress. The percentage of female employees at Cisco—23%—has remained unchanged since fiscal 2013. Fortune
• A fashionable foundation. Tory Burch and her foundation have announced a new contest for women entrepreneurs. The organization will pick 10 “fellows” for mentorship and an education grant—one of whom also will receive a $100,000 investment to grow her business. Fortune
• 71% raise? A new report finds that wages for both men and women are far lower than what they would be had pay kept pace with rising productivity since 1979. But, thanks to the gender wage gap, women have fallen even further behind and would need raises averaging 71% to lift their average pay in line with productivity gains. WSJ
MOVERS AND SHAKERS: Susie Huang has been named head of mergers and acquisitions at Morgan Stanley.
IN CASE YOU MISSED IT
• Still the brand to beat? We know UFC fighter Ronda Rousey lost a match for the first time ever last weekend—but did her brand take a beating too? Fortune‘s Valentina Zarya digs into how Rousey’s defeat could impact her acting gigs and endorsement deals. Fortune
• All in the family. Elisabeth Murdoch, daughter of Rupert Murdoch, has started Vertical Networks, a new media company focusing on mobile video. WSJ
• Parental parity. This Bloomberg story examines the parental leave policies of tech companies including Optimizely, Zendesk, Netflix and Facebook—all of which offer moms and dads equal amounts of time off. Bloomberg
• A necessary precedent. The New York State attorney general has reached a settlement with department store chain Bon-Ton Stores over a discrimination complaint filed by a worker whose manager sent her home after discovering that she’d been threatened by her estranged husband. The settlement requires the retailer to teach employees that victims of domestic violence are protected by state law. New York Times
• I salute the flag. Saba Ahmed, president and founder of the Republican Muslim Coalition, appeared on Megyn Kelly’s Fox News program to argue against Donald Trump’s repeated assertions that the U.S. should close mosques in the wake of last week’s terrorist attacks. My favorite part of her appearance? Ahmed’s American flag-printed hijab. Quartz
Share today’s Broadsheet with a friend:
Looking for previous Broadsheets? Click here.
ON MY RADAR
Who should be TIME’s 2015 Person of the Year? Time
Rihanna launches namesake weed line New York Magazine
Nasty Gal sued by former employee who was fired after undergoing a heart transplant Racked
The dolls beyond Barbie WSJ
I consider education the key to success for every other girl. It’s the key to success for me as well.Nobel Peace Prize-winning activist Malala Yousafzai, on why she often turns down speaking engagements and high-profile events in order to study.