Good morning, Broadsheet readers! Shari Redstone wins a major corporate battle, Amy Schumer says she’s sticking with Comedy Central, and we meet Donald Trump’s only female economic advisor. Have a relaxing weekend.
• It’s Shari’s show. The struggle for power within Sumner Redstone’s media empire, which includes Viacom and CBS, is finally over and it looks like the Redstones—particularly his daughter Shari—have come out on top. Viacom CEO Philippe Dauman is leaving with a $72 million settlement, giving Shari (a director of that company and president of its parent, National Amusements) more influence over the boards of both. She will also get effective control of the seven-member trust her father set up to manage his assets after he dies or is incapacitated. WSJ
ALSO IN THE HEADLINES
• Shelton goes for gold. Fortune‘s Chris Matthews talks to Dr. Judy Shelton, the sole woman on Donald Trump’s economic advisory team. Shelton, co-director of the Atlas Sound Money Project, first rose to prominence when she predicted the economic collapse of the Soviet Union in 1989—two years before it happened. In their Q&A, Shelton explains how she first became involved in the Trump campaign and why she thinks the U.S. should consider a gold-based monetary system, as well as “commends” the GOP nominee for talking about a possible coming economic crisis. Fortune
• Women to watch. With women heading up five of Hulu’s eight original series, the platform has earned a rep for recruiting and nurturing female talent. Wired
• Big sale at American Apparel. American Apparel, led by CEO Paula Schneider, has hired investment bank Houlihan Lokey to explore a sale—just six months after the retailer emerged from bankruptcy. Fortune
• Bloody cute. New York Magazine‘s Véronique Hyland notes that Theranos CEO Elizabeth Holmes was seated front and center at a Facebook/Glamour dinner honoring women in tech and politics earlier this week—despite the fact that her company is currently the target of a federal investigation. “Are there really no San Francisco women in tech who could have taken her plum seat?” New York Magazine
• Give Schumer a break. Amy Schumer clarified an earlier tweet that implied that her show, Inside Amy Schumer, is going off the air, saying that it is just on hiatus while she tours to promote her new book. The mix-up occurred while she was responding to controversial comments about sexual assault made by her friend and fellow comedian Kurt Metzger. The Hollywood Reporter
• Talking trolls. In this week’s Broad Strokes, Valentina Zarya and I talk Olympic Twitter trolls, speculate about why activist investors are more likely to go after female CEOs, and debate whether pay transparency laws can close the gender wage gap. Fortune
MOVERS AND SHAKERS: Daphne Koller, co-founder of Coursera, is joining Alphabet healthcare group Calico as chief computing officer.
IN CASE YOU MISSED IT
• She is Melania. In this profile of Melania Trump, the Washington Post‘s Ken Otterbourg writes that the would-be First Lady’s rare, but extremely self-assured, public statements are intended to communicate one thing: “that she is more than Mrs. Donald Trump. She is Melania. She is independent and capable. And she would like our respect.” Washington Post
• A weighty issue. Safaa Hegazy, the director of state-run Egyptian radio and television, has barred eight anchorwomen from appearing on the air for a month, saying they are overweight and must go on a diet during their suspensions. New York Times
• How aboot that? A Bloomberg analysis finds that the percentage of women in their so-called prime working years participating in the labor market declined to 74% in the U.S. last year, while in Canada it rose to 81%. One likely factor: Canada offers new parents one year of paid leave. Bloomberg
• A trade-off. Anna Raytcheva, who ran Citigroup’s last proprietary trading desk, is leaving the bank to open her own hedge fund. Her departure marks the end of an era, as the “Volcker rule” has largely banned the risky but potentially very profitable practice of banks buying and selling for their own account. WSJ
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ON MY RADAR
The 2016 first lady cookie contest is just as weird as the rest of the election Washington Post
Marina Abramovic’s apology for ‘racist’ memoir passage isn’t cutting it Mashable
Huma Abedin on her job, family, and the campaign of a lifetime Vogue
The women changing the face of AI Fast Company
There were a lot of times where I had to think about failures and not reaching the goal that I set for myself. Then I realized, the only failure is not to try.86-year-old Sister Madonna Buder (a.k.a the Iron Nun), the oldest woman to ever complete an Ironman triathlon