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The Broadsheet: May 8th

Good morning, Broadsheet readers! Janet Yellen gets personal, Sally Yates testifies on Capitol Hill, and Marine Le Pen loses the French presidential election. Have a productive Monday.


• Le Pen loses—and Yates gets her say. Two women are dominating the political headlines this morning—for two very different reasons.

The big news, of course, is that Emmanuel Macron soundly defeated far-right candidate Marine Le Pen yesterday to clinch the French presidency. Her loss represents the victory of European liberalism over populism. It’s worth noting that Le Pen—who cannily played on her gender in her campaign—did win an estimated 38% of the vote (more than her party, the National Front, has ever secured). Macron’s win will likely provide some succor to world markets, which feared that a President Le Pen would push for France to leave the EU.

In the U.S., the woman of the hour is former acting attorney general Sally Yates, who was fired by the Trump administration for refusing to defend the president’s travel ban. She will testify before Congress today. The former acting AG is expected to say that she told the White House that former national security advisor Mike Flynn had lied about his conversations with a Russian diplomat and that his actions could put him at risk of being compromised by Russian intelligence services. That conflicts with the administration’s account, which claims that Yates provided only a vague “heads up” about the conversations.


• NewsHour‘s newswoman. This profile of Judy Woodruff, host of PBS NewsHour, opens with a scene set at Fortune‘s Most Powerful Women dinner in D.C. last month. Woodruff, a journalism icon who has been covering Washington since 1977, has been helming NewsHour alone since the death of her co-anchor Gwen Ifill last November.  New York Times

• Yellen gets personal. Speaking at her alma mater, Brown University, Janet Yellen delivered an unusually personal speech drawing on her own experiences as a working woman—and noting that policies that make it easier for women to enter the workplace (such as paid leave, affordable childcare, and flexible schedules) could significantly boost America’s economic growth. Fortune

• All hail, Heller. Becca Heller founded the International Refugee Assistance Project eight years ago when she was a student at Yale Law School. Heller’s nonprofit helped refugees attempting to enter the U.S. in the aftermath of President Trump’s January travel ban—and is now taking on the administration in a federal appellate court.  New York Times

• Family business. Nicole Meyer, Jared Kushner’s sister, has been in China courting investors for One Journal Square, a luxury apartment complex being developed by Kushner Companies. She is seeking funding through the much-criticized EB-5 visa program, which provides a path toward obtaining U.S. green cards for those who finance projects that create a certain number of jobs. Fortune

MOVERS AND SHAKERS: The White House has fired chief usher Angella Reid. She was the first woman and second African-American to hold the post.


Each week, Fortune asks our Insider Network — an online community of prominent people in business and beyond — for career and leadership advice. Here’s some of the best of what we heard last week.

Go remote. Make sure to use the best collaboration tools if your team works from different locations, writes Kirsten Helvey, COO at Cornerstone OnDemand. This will help your teammates know each other better even if they’re not in the same office.  Fortune

• Total reject. Didn’t get that dream job you were banking on? Thinking of yourself as an entrepreneur will keep you from getting discouraged, says Xero’s chief people officer Rachael Powell. Fortune

• Call the shots. Jill Angelo, founder and CEO of Genneve, writes about a time when she—the only woman in the room—was ignored during a meeting. Fortune


• Judging Puerto Rico. Federal court judge Laura Taylor Swain has been tapped to preside over Puerto Rico’s filing for a form of bankruptcy relief. Swain was the judge who accepted the guilty plea of SAC Capital Advisors (the giant group of hedge funds led by billionaire investor Steve Cohen) and presided over the trial of several former Bernie Madoff employees. New York Times

• A badass banker. Valeria Gontareva, governor of the National Bank of Ukraine, has been widely credited for her work to stabilize an economy that’s been torn by war, annexation, decades of mismanagement and internal rivalries. After three years of harassment—and even death threats—from oligarchs and corrupt businesspeople, she has quit her post. Washington Post

• A pair of lawyers sue. Mary Yelenick has signed on to a lawsuit brought by a colleague, Kerrie Campbell, which accuses law firm Chadbourne & Parke of sex discrimination and pay inequity. Yelenick’s decision to join the suit took some by surprise; she retired from Chadbourne this December with words of praise from the firm.  New York Times

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82 Chibok schoolgirls arrive in Nigeria’s capital three years after abduction  Time

Ivanka Trump raises eyebrows by promoting her book on social media  New York Times

Everything we know about HBO’s new authorized Princess Diana documentary  Bloomberg

Venezuelan women march against oppression  Time


I might not live in the White House anymore, but Barack and I are going to keep on celebrating you all…and supporting you and lifting you up no matter what house we live in.
Former first lady Michelle Obama