Good morning, Broadsheet readers! Marissa Mayer will leave Yahoo with a platinum parachute, Beyonce launches a scholarship program, and Ivanka Trump faces a tough crowd in Germany. Have a great Wednesday.
• Guten tag, Ivanka! On her first international trip as a West Wing staffer, Ivanka Trump is facing a skeptical German public. Papers in the country are using phrases like “accomplice” and “first whisperer” to describe her (Trump told CBS News that she doesn’t like the “intonation” of such terms) and she braved a tough crowd at a women’s entrepreneurship panel in Berlin yesterday.
Trump fielded questions about her dual role as first daughter and presidential adviser—and was booed by the audience as she defended her father as a supporter of women. When asked about the crowd’s response, Trump responded: “I’ve certainly heard the criticism from the media…but I know from personal experience, and I think the thousands of women who have worked with and for my father for decades are a testament to his belief and solid conviction in the potential of women.”
She also noted her interest in Germany’s new equal pay law, which requires companies with 200 or more employees to provide workers with information about the salaries of their peers and to document any pay gap. Her father’s administration, though, seems to be sending a different signal on pay transparency: President Trump last month signed an executive order revoking the 2014 Fair Pay and Safe Workplaces order, which required federal contractors to disclose their pay scales and salaries. It had been one of the few ways the government could ensure companies were paying men and women equally.
ALSO IN THE HEADLINES
• Keeping score. With the Trump administration rapidly approaching its first 100 days of existence, Fortune‘s Valentina Zarya looks at what the president has done in his debut months as far as policies that affect women go. Fortune
• Platinum parachute. Yahoo CEO Marissa Mayer is set to make some $186 million from the company’s sale of its core business to Verizon, according to securities filings. That’s a much bigger number than the $23 million golden parachute that Yahoo previously said she will receive as part of her planned departure after the sale. WSJ
• Get in Formation. Beyonce is launching Formation Scholars, a set of scholarships open to female undergrad or grad students at Berklee College of Music, Howard University, Parsons School of Design, and Spelman College. Motto
• Catching the wave. Fortune‘s Beth Kowitt talks to Lorna Davis, CEO of DanoneWave—the massive dairy business created by Danone’s acquisition of WhiteWave Foods. Fortune
MOVERS AND SHAKERS: Jennifer Breithaupt has been appointed global consumer chief marketing officer at Citi.
IN CASE YOU MISSED IT
• A powerful title. Samantha Power, former U.S. Ambassador to the UN and the youngest person ever to hold that office, announced that she is working on a memoir titled The Education of an Idealist. The book will focus on her time in the Obama administration and her “transition from critic of U.S. foreign policy to U.S. government official.” Fortune
• Looking for loopholes. A group of more than 380 major U.S. companies—including Marriott International, IBM, and Procter & Gamble—proposes that Congress establish an (optional) minimum bar for paid leave. If companies meet that threshold, the coalition suggests, they should be protected from state or local laws that might require more. Bloomberg
• It doesn’t ad up. Ad exec Carol Williams is the first African-American woman with a creative agency background to be inducted into the Advertising Hall of Fame, which was established in 1948. New York Times
• Erasing Arianna? The Huffington Post has officially rebranded as HuffPost—a move that distances the publication from its famous founder, Arianna Huffington. WSJ
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ON MY RADAR
Gwyneth Paltrow plans food/wellness fest for this summer Eater
Caitlyn Jenner is disappointed in Trump’s handling of LGBT issues Fortune
China sentences Phan Phan-Gillis, U.S. businesswoman, in spying case New York Times