Good morning, Broadsheet readers! Working moms aren’t psyched about working, Hillary Clinton talks body image, and we get the inside story on Federica Marchionni’s ouster from Lands’ End. Have a great Thursday.
• The end at Lands’ End. Federica Marchionni last month was pushed out of Lands’ End after just 19 months as the retailer’s CEO. So, what went wrong? Fortune‘s Jennifer Reingold, who spent time with the former Dolce & Gabbana and Ferrari exec during her brief Lands’ End tenure, has the juicy backstory. Fortune
ALSO IN THE HEADLINES
• Holmes shifts gears. Theranos announced on Wednesday that it will shut down its blood-testing facilities, effectively laying off 40% of its workforce. CEO Elizabeth Holmes said that the company is shifting its focus away from blood-testing clinics and to its new product, the miniLab, “an integrated platform designed to process small sample volumes” of blood. Fortune
• No place like home? A new Gallup poll finds that the majority of working moms would prefer to stay home, while women without kids say they would choose to continue their careers. Men, on the other hand, said they prefer to work outside the home, whether or not they have children. Fortune
• Getting bodied. Responding to a question about body image from a 15-year-old girl, Hillary Clinton urged a town hall crowd to ” stand up to” attacks on women’s looks. “Let’s be proud of who we are,” she said. Fortune‘s Laura Cohn notes that the issue goes well beyond the presidential campaign, citing a new study that finds 39% of girls aged 11-16 say body insecurity has stopped them from speaking up in class. Fortune
• Unhappy meal. Fifteen McDonald’s employees from stores across the U.S. have filed complaints with the EEOC alleging they’ve been victims of harassment, including unwanted sexual comments and touching. Bloomberg
• Working out her next move? While moderating a startup panel at Salesforce’s annual Dreamforce conference, Fortune‘s Pattie Sellers asked ClassPass CEO Payal Kadakia about rumors that she may be preparing to step down. Kadakia deflected, saying, “I will always do what’s best for the company.” Fortune
• Semper Fidelity? This Reuters investigation finds that a private venture capital arm run on behalf of the Johnson family—which founded Fidelity and, in the person of CEO Abby Johnson, still runs it—is in direct competition with some Fidelity mutual funds. Some securities lawyers say the setup poses an unusual conflict of interest. Fidelity
MOVERS AND SHAKERS: Bela Bajaria, former president of NBCUniversal’s Universal Television, has been named VP of content for Netflix.
IN CASE YOU MISSED IT
• Golden girls. Are you excited for the return of the Gilmore Girls? I bet Lauren Graham and Alexis Bledel are—the actresses are each taking in $750,000 per episode, making them the highest paid performers in a TV drama. Fortune
• Too much for Teigen. Model Chrissy Teigen is the latest female celebrity to take a step back from social media, switching her Twitter account to private after being bombarded by trolls. “I’m not strong enough,” she told her 2.9 million followers. The Independent
• So long, Thatcher. Addressing the Conservative Party’s annual conference, British Prime Minister Theresa May made it clear that she plans to break from the legacy of Margaret Thatcher, peppering her speech with the evils of greedy businesspeople and the importance of standing up for the working class. Fortune
• Dairy to diapers. Chobani announced that it will offer all new moms and dads—including factory workers—six weeks of paid leave. That’s a big step forward for the yogurt maker, which currently has no parental leave policy. Business Insider
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