Good morning, Broadsheet readers! Reformation gets a new majority owner, Taylor Swift and Kylie Jenner are the year’s top paid entertainers, and we hear some management tips from the founders of Away. Have a terrific Thursday.
Up and Away. Fortune‘s 40 Under 40 list came out yesterday, and Away co-founders Steph Korey and Jen Rubio broke onto the list for the first time. The luggage-turned-travel brand recently became a unicorn valued at $1 billion (at the time, we talked to the pair about embracing the term “female founder.”)
The founders spoke to Fortune again, this time about mentorship, their first jobs, and, of course, their best travel hacks. (That would be two photocopies of a passport in a bag separate from the actual passport.)
Some of their best tips, though, are management ones. Korey says her most useful MBA classes weren’t financial or technical, but the ones on management and leadership. And at the Slack-heavy company—which has outlawed internal emails (!)—she’s started prefacing each of her messages with a level of urgency and expected response time.
“It’s unsurprisingly put my team at ease because there are no unspoken expectations,” Korey says.
So there you have it: management tips from the 31-year-old duo whose company hit $150 million in sales last year.
Take another look at the 40 Under 40 list to learn about The Wing co-founders Audrey Gelman and Lauren Kassan, and CFO Diedra Nelson, as well as the runners who challenged Nike on its lack of maternity leave for sponsored athletes.
ALSO IN THE HEADLINES
– Pay parity. One way to get the U.S. Women’s National Team to equal pay? Threaten the men’s. A bill proposed by Sen. Joe Manchin would withhold funding from the 2026 men’s World Cup—jointly hosted by the U.S., Mexico, and Canada—until the two teams are paid equally. CNN
– Wildest dreams. The top paid entertainers of 2019? Taylor Swift, followed by Kylie Jenner. Forbes is out with its annual list, with the pair in the top two spots; they’re the only women among the top 10. Forbes
– Thanks, it’s Permira Advisers. Cult favorite brand Reformation will soon be majority-owned by private equity firm Permira Advisers. Founder Yael Aflalo will stay on as CEO as the brand tracks toward $150 million in sales this year. New York Times
– Chaperone required? Mississippi Today reporter Larrison Campbell was planning to cover a 15-hour trip by Mississippi gubernatorial candidate Robert Foster—until the campaign told her she would need a male chaperone to ride along. Campbell was blocked from doing her job “to avoid any situation that may evoke suspicion or compromise” Foster’s marriage. New York Times
MOVERS AND SHAKERS: G/O Media hired Estée Lauder’s Faiza Javaid as deputy general counsel.
IN CASE YOU MISSED IT
– First day tally. Amy McGrath’s bid to unseat Sen. Mitch McConnell is already record-setting. McGrath raised $2.4 million in 24 hours, the most ever in the first 24 hours of a Senate campaign and more than first-day totals for many presidential candidates. McGrath also told The Courier-Journal of Louisville that she would have voted to confirm Brett Kavanaugh to the Supreme Court; she then reversed that position. The Hill
– Is Angela OK? For the third time in less than a month, German Chancellor Angela Merkel was seen shaking uncontrollably in public. The episodes have prompted concerns about her health, but Merkel says she is well and capable of doing her job. New York Times
– Flashback. This one is a stressful read: the inside story of the 48 hours that almost brought down Donald Trump. That would be two days in October 2016, post-Access Hollywood tape. Trump bet earlier than others that Republican voters and officeholders would come back around to his side. Politico Magazine
– Senate staffs. Among the Senate staffs of presidential candidates, Sen. Kamala Harris’s is the most diverse; 70% of her staff on the Hill identifies as nonwhite and two-thirds of her staff is female. Sen. Elizabeth Warren diversified her staff over the past year, up to 48% nonwhite and 59% female. Bloomberg
ON MY RADAR
How the supposedly feminist ‘I choose me’ became an inescapable cliche Slate
The scourge of the ‘didn’t happen’ dude MEL Magazine
Is streetwear finally ready for women? Vogue Business
The persuasive power of the wolf lady The New Yorker
Obviously it will help when, quantifiably speaking, our businesses work and people can look to Maisonette or Goop or Brandless or Rent the Runway or Who What Wear or Stitch Fix and say, ‘OK; maybe this is a good bet!’
– Gwyneth Paltrow on getting more resources and capital in the hands of female founders