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The Broadsheet: May 12th

Good morning, Broadsheet readers! The “queen of quants” makes it big, Brazil’s Senate has voted to suspend Dilma Rousseff, and a woman is sent home from work for refusing to wear high heels. Have a fantastic Thursday.


• Campaign care. Speaking in Kentucky, Hillary Clinton pledged that if she becomes president, she would ensure that no family spends more than 10% of its income on childcare. Ten percent might sound like a lot to some, but families living below the poverty line currently spend roughly 30% of their wages on childcare, while in much of the country, paying someone to mind your kids actually costs more than rent. Clinton’s campaign says she will use a combination of subsidized child care and tax credits to cut the cost of care, but the Democratic frontrunner has yet to explain the program in full. Fortune


Dilma in limbo. Brazil’s Senate voted early this morning to suspend President Dilma Rousseff and begin an impeachment trial against her. Rousseff is accused of borrowing from state banks to conceal the country’s financial deficit, a tactic that allegedly helped her get re-elected two years ago. Vice President Michel Temer will take over the government—though Rousseff will still technically remain president—until the trial, which can take place no more than 180 days from now (Nov. 8). New York Times

• All hail the queen. Leda Braga of Systematica Investments, known as the “queen of quants,” has became the first woman to rank in the top 50 highest-earning hedge fund managers, an annual list compiled by Institutional Investor’s Alpha magazine. Fortune

• Uncovering injustice. Minoo Khaleghi in February won a seat in the Iranian Parliament, but a state committee has ruled that she can’t be sworn in because of claims that she didn’t wear a head scarf on visits to Europe and China.  New York Times

• Flat out wrong. Temp receptionist Nicola Thorp, an employee of outsourcing company Portico, was sent home from a British office of PwC when she refused to wear shoes with a “2-inch to 4-inch heel.” After Thorp’s petition to change the company policy gathered enough steam, the company walked back its requirement, saying that all female employees are allowed to wear flats as they please. BBC

• Frat fail. Emma Pierson, a computer science Ph.D. candidate at Stanford, analyzed the user comments on a fraternity member website in an attempt to understand how college guys talk about women. The results aren’t pretty.  New York Times

MOVERS AND SHAKERS: Pinterest is adding former Amazon exec Michelle Wilson to its board of directors. Elizabeth Weil is leaving VC firm Andreessen Horowitz for 137 Ventures, where she will be a managing partner. Joyce Liang has joined Curbside as VP/head of growth, after having led digital acquisition for Box. Deirdre Bigley, CMO of Bloomberg L.P, has been named to the Shutterstock board of directors.


All talk? Chelsea Handler’s new talk show, Chelsea, began streaming on Netflix yesterday. While Handler promised to flip the typical talk show format on its head, this early review reports that Chelsea doesn’t “so much explode the late night talk show milieu as color a little bit outside prescribed lines.” Fortune

• Photo finish. The U.S. Military Academy won’t punish the 16 black women cadets who appeared in a photograph with their fists raised. An inquiry determined that the women didn’t violate Department of Defense or Army regulations. WSJ

Worth 1,000 words. Check out Women’s Work, a series by photographer Alice Proujansky that documents the lives of working moms.  New York Magazine

• The good doctor. Anne Deborah Atai-Omoruto, a Ugandan doctor who helped turn the tide in the battle against Ebola in Liberia, has died of pancreatic cancer. New York Times

Tune in to Fortune Live, hosted by Leigh Gallagher, today and every Thursday at 11 am ET at

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The Philippines elects first transgender congresswoman  Time

Tween magazine exacerbates body image issues  New York Magazine

I’m proof bathroom bills are not just a transgender issue  Time

Google emoji makers create new designs to ’empower girls everywhere’  Fortune


I have made a dent in the fashion world and a step forward for women.

Joan Helpern, who ran Joan & David shoes with her husband, on convincing Italian factory managers to do business with a woman. Helpern died Sunday at age 89.