Good morning, Broadsheet readers! Valentina Zarya (@valzarya) here. Ivanka Trump’s in a sticky situation, the motherhood tax might be higher than you thought, and Megyn Kelly has Melania Trump’s back. Have a fantastic weekend.
• Papa don’t preach? On Tuesday, Carrier—the heating and cooling giant owned by United Technologies—announced that it would be “saving” about half of the 2,000 jobs that it had initially planned to ship overseas. Donald Trump promptly took credit for move, telling the New York Times in an interview Thursday: “This is the way it’s going to be.”
Carrier also received $7 million in incentives from the state of Indiana—the kind of corporate giveaways Trump knocked on the campaign trail. The problem, Sen. Bernie Sanders (D-VT) wrote it in a Washington Post op-ed yesterday, is that the President-elect has essentially “signaled to every corporation in America that they can threaten to offshore jobs in exchange for business-friendly tax benefits and incentives.”
All this is to say that, as Bloomberg points out, Trump’s own daughter is now in a very tricky position, given that the $100 million Ivanka Trump apparel line is sewn in Asian countries under a licensing agreement with G-III Apparel Group Inc. Even if she could persuade G-III to move all or part of its manufacturing to the U.S., it would dramatically increase the cost of her goods—which could spell the end for her business.
ALSO IN THE HEADLINES
• Warming to climate change? In other Ivanka news, the eldest Trump daughter wants to make climate change—which her father has called a hoax perpetuated by the Chinese—one of her signature issues, according to Politico‘s sources. Politico
• Felten on failure. At Alphabet’s research arm X, failures are celebrated, explained top X executive Obi Felten during Fortune’s Most Powerful Women Next Gen Summit. The group has instituted an annual ritual modeled after Día de los Muertos to celebrate failed projects—an event that features “a lot of tears and in the end a lot of drinking.” Fortune
• The motherhood tax. You’ve probably heard about the “motherhood penalty”—the phenomenon where women lose 4% of their income for each child. But according to a new study in the American Sociological Review, the cost is even steeper for high-skilled, high-paid moms: 10% per child. (Dads, meanwhile, don’t experience the same dip.) Bloomberg
• Hacking the C-suite. Nico Sell, founder and chairman of the company responsible for encrypted messaging platform Wickr, told the Fortune Next Gen audience that hacking “is the most important skill set in the world.” Indeed, she says it’s something every CEO should know how to do. Fortune
• Megyn backs Melania. In a recent interview with Net-a-Porter’s Porter magazine, Fox News anchor Megyn Kelly vigorously defended Melania Trump, saying the future First Lady has been the victim of “staunch feminism.” Kelly went on: “Just because she’s gorgeous doesn’t mean you get to dismiss her. She speaks I think five languages. She’s a mother. She’s a supportive wife. She’s an entrepreneur.” Porter
IN CASE YOU MISSED IT
• Riding with Rachel. Rachel Holt, the head of North America operations at Uber, revealed to Fortune’s Next Gen audience that she moonlights as an Uber driver. “You learn so much about what the driver experience is from actually doing it,” she said. Fortune
• She saw and said something. Alyssa Bermudez, a former Transportation Security Agency employee, has taken to the streets to protest the organization over alleged sexual harassment. She’s not the only one who’s noticed something off: a House oversight committee found that the TSA has a “chilling culture of intimidation and retaliation” and that “senior employees are not held accountable for misconduct.” Washington Post
• What Wojcicki wants. 23andMe founder Anne Wojcicki says making genetics understandable to its customers is a major driving force behind the genetics testing company. “My hope is that 23andMe, by being less and less regulated, will enable more people to open their eyes to science,” she said at the Next Gen Summit. Fortune
• The love doctor. Tinder’s in-house sociologist, 30-year-old UCLA Ph.D. grad Jessica Carbino, is responsible for discovering what users want from the app and counteracting Tinder’s cheap-hookup stereotype. OZY
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