EVERYONE'S TALKING

• Ailes is out. It's official: Fox News has dumped Roger Ailes, who ruled the network for 20 years. The decision comes two weeks after former Fox anchor Gretchen Carlson filed a sexual harassment case against Ailes—a move that prompted more than 20 women to come forward to say that they had also been harassed by the CEO, according to Carlson's lawyers.

I can't help but feel torn by this news. On one hand, I see the perspective of Fortune's Pamela Kruger, who writes that the fact that Carlson's claims were taken seriously and investigated suggests that we're experiencing a sea change in how companies respond to claims of sexual harassment. I hope that's true.

But many of the details of Ailes's ouster leave a bitter taste in my mouth. In a statement announcing the CEO's resignation, 21st Century Fox chairman Rupert Murdoch had nothing but praise for Ailes—there was no mention of the harassment suit. (Murdoch's sons, Lachlan and James, got a little closer, noting their "commitment to maintaining a work environment based on trust and respect.") Meanwhile, in a letter to Murdoch, Ailes had the gall to write that he takes "particular pride in the role that I have played advancing the careers of the many women I have promoted to executive and on-air positions." Finally, there's the deal: Ailes walks with $40 million and a consulting gig.

Taking down a man as powerful as Ailes is no small feat. But if the punishment for sexually harassing more than 20 women is a public pat on that back and more money than most of us will see in our lifetimes, I cannot count it as progress.

ALSO IN THE HEADLINES

• All eyes on Ivanka. Ivanka Trump had a prime speaking slot last night, introducing her father on the final evening of the Republican National Convention. As noted by the Wall Street Journal, her high-profile role is no accident: The Trump campaign put her forward as "living proof" that her father is a booster of successful women. The businesswoman played her part perfectly on stage, claiming that her father would “change the labor laws” that have created a gender wage gap—which, by the way, is the result of motherhood rather than gender—and would work to “make quality childcare affordable and accessible for all.” Fortune

• Dad's double standard. Speaking of Ivanka Trump, journalist and lawyer Jill Filipovic has an insightful take on the striking differences between two of the most important women in Donald Trump's life: his eldest daughter, the businesswoman, and Melania Trump, who appears to put her role as mother and wife before all else. Filipovic's conclusion: Men like Trump embody sexist hypocrisy. They "want their wives at home while they celebrate the professional successes of their daughters." New York Times

• Clinton's woman problem.  While polls indicate that women are more likely to support Hillary Clinton than Trump, that doesn't necessarily mean that Hillary is going to sweep the female vote in November, finds Time's Charlotte Alter. Indeed, talking to women voters, one thing is clear, she writes: "The only thing American women resent more than offensive rhetoric is the expectation of a unified reaction to it." Time

• Start 'em young. While there are plenty of initiatives out there to get more girls coding, how many start at the preschool level? GoldieBlox, the company that got its start making construction toys for girls (remember their commercial with the Rube Goldberg machine?) just launched a coding app for girls as young as four. Fortune

• Hearing from Harth. Jill Harth, the woman who sued Trump for sexual assault in 1997, spoke to The Guardian after keeping quiet about her experience for nearly 20 years. She says that statements from his campaign, "effectively calling her a liar," prompted her to speak out. The Guardian

MOVERS AND SHAKERS: Pacific Alternative Asset Management Company announced that Carrie McCabe has joined the firm as managing director. Most recently, McCabe was a senior advisor to McKinsey & Company.

IN CASE YOU MISSED IT

• A uniform response. The WNBA has fined the teams and players of New York Liberty, Phoenix Mercury, and Indiana Fever for wearing black warm-up shirts in acknowledgement of recent shootings by and against police officers. USA Today

• Yoo who? In the latest installment of Fortune's "Trailblazers" video series, we talk to Salle Yoo, Uber's general counsel, about how a depressing study—it found that the chances of a minority woman becoming a partner at a top law firm was statistically zero—pushed her to beat the odds. Fortune

• A prescription for equal pay. More than 400 current and former female Merck employees have joined a $250 million class-action suit against the drugmaker, alleging diminished pay and gender discrimination. Fortune

• Social capital. According to measurement company D'Marie Analytics, Selena Gomez is the nation's "top social influencer," with her posts valued at $550,000 each when the messaging appears across Facebook, Twitter and Instagram.  AdWeek

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ON MY RADAR

Theranos is hiring two execs to address compliance, regulations  Fortune

These are the companies with the best work-life balance  Fast Company

Watch Samantha Bee on an RNC road trip  Fortune

Sperm banks accused of losing samples and lying about donors  New York Times

QUOTE

I’ve been in a car—it was months ago—with my daughter who learned to drive. And that was the only time in seven and a half years that I’ve been in the passenger seat listening to music, rocking out like this.

First Lady Michelle Obama, on appearing on James Corden’s <em>Carpool Karaoke</em>