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Broadsheet

The Broadsheet: March 24th

Kristen Bellstrom
By
Kristen Bellstrom
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Kristen Bellstrom
By
Kristen Bellstrom
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March 24, 2016, 7:50 AM ET

Good morning, Broadsheet readers! Amazon says it has no pay gap, Rent the Runway wants take over your closet, and we’ve got big scoop from two of Fortune’s most powerful women. Plus: Fortune’s World’s Greatest Leaders list is out—and packed with inspiring female honorees. Enjoy your Thursday.

EVERYONE'S TALKING

• Follow the leaders. Fortune's annual list of the World's Greatest Leaders is out—and features a record 23 women. This year's diverse group of honorees includes such badass leaders as Myanmar's Aung San Suu Kyi (No. 3), Supreme Court Justice Ruth Bader Ginsburg (No. 9), and the co-founders of Black Lives Matter (No. 27). I'm particularly inspired by No. 34, first-ever female Army Rangers Shaye Haver and Kristen Griest. According to Griest, she made it through the notoriously grueling course by thinking "of future generations of women." Fortune

ALSO IN THE HEADLINES

• Mavens making moves. Big news from two of my Fortune colleagues: Pattie Sellers and Nina Easton. The duo is starting a new company called SellersEaston Media, which will tap into their storytelling prowess to produce multimedia life stories for individuals, businesses and other groups. Luckily for us, they will stay on at Time Inc. to help lead Fortune's Most Powerful Women events. Good luck, ladies! Fortune

• Bye-bye, board? Hedge fund Starboard Value is seeking to replace all nine of Yahoo's directors. The activist investor says both the company's board and management—the beleaguered tech giant is led by CEO Marissa Mayer—have continually failed to live up to their own promises.  Wall Street Journal

• Does not compute. Under pressure from an activist shareholder, Amazon revealed that it studied employee pay and found that it compensates men and women equally. But while Amazon may not have a wage gap, it's clear that unequal pay remains an issue in the tech industry. Indeed, a new study found that computer programmers actually have a larger gender wage differential than any other job.

• Policy pontificating. In the wake of the Brussels bombings, Hillary Clinton attacked Donald Trump and Ted Cruz's counter-terrorism proposals and laid out her own plans to respond to the terrorist threat. Time

• All talk, no walk. Despite all the lip service paid to corporate diversity, new research finds that white and male executives who actively promote and value diversity aren't rewarded by their superiors. Even more depressing: Women and minorities who do so are actually rated much worse than their counterparts who don't actively promote balance.  Harvard Business Review

• Raising the rent. Rent the Runway is launching Unlimited, a subscription service that allows members to rent clothing for everyday wear. The cost for juicing your closet with some temporary new duds: nearly $1,700 a year. Fortune

MOVERS & SHAKERS: Goldman Sachs Group has reportedly hired Sarah-Marie Martin as a partner in its financial sponsors group. She currently is a managing director at Credit Suisse.

IN CASE YOU MISSED IT

• Off Broadway buyouts. Claire Danes is starring in Dry Powder, a new Off Broadway play set in a fictional private equity firm. Bloomberg

• BLM on the big screen. Amandla Stenberg, who you may have caught as Rue in The Hunger Games, is on board to star in The Hate U Give, a film inspired by the Black Lives Matter movement. EW

• K for kreativity. The Kardashians are being sued for $180 million by a disgruntled investor in their makeup line. One of the more entertaining details to come out of the suit is that the names of the sisters' various companies include 2Die4Kourt, Khlomoney Inc. and, yes, Kimsaprincess Inc.

• Anne + A-Rod? I usually try to stay away from gossip, but I couldn't help myself on this one: 23andMe CEO Anne Wojcicki is reportedly dating NY Yankee Alex Rodriguez. Fortune

Tune in to Fortune Live, hosted by Leigh Gallagher, at its new day and time: Thursdays at 11 am ET at Fortune.com.

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ON MY RADAR

The feminist history of the Jewish holiday of Purim  Time

Rep. Corrine Brown facing House ethics investigation  Capital New York

The first caucus for black women has arrived  New York Magazine

A McKinsey report finds women are 'unable to enter' the tech industry  Quartz

QUOTE

It’s just a 'has to happen' kind of thing. It’s just a matter of when.

Soccer legend Abby Wambach, on closing the gender pay gap
About the Author
Kristen Bellstrom
By Kristen Bellstrom
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