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'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream

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NewslettersBroadsheet

The women of Fortune’s 2020 40 Under 40 list

By
Claire Zillman
Claire Zillman
and
Emma Hinchliffe
Emma Hinchliffe
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By
Claire Zillman
Claire Zillman
and
Emma Hinchliffe
Emma Hinchliffe
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September 2, 2020, 8:47 AM ET
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This is the web version of The Broadsheet, a daily newsletter for and about the world’s most powerful women. Sign up to get it delivered free to your inbox.

Good morning, Broadsheet readers! Naomi Osaka will honor Black lives during each of her U.S. Open matches, Nike debuts a maternity collection, and Fortune’s new 40 Under 40 list is here. Have a wonderful Wednesday.

– 40 Under 40. Fortune this morning published its 2020 40 Under 40 list. Just as we’re shaking up this year’s Most Powerful Women lists, we’ve also given this collection an update. Instead of a single list recognizing influential leaders under age 40, there are separate lists across five industries—finance, technology, health care, government and policy, and media and entertainment. Another change? This year’s honorees are fresh faces who have not been on the list before, which means it features 200 new stories and voices, ones you’re less likely to have encountered before now.

For instance, there’s Margaret Anadu, head of Goldman Sachs’s urban investment group. Since becoming the bank’s youngest female Black partner ever at age 37 in 2018, Anadu has helped spearhead its efforts to invest in underserved areas and particularly communities of color. 

Elizabeth Hamon Reid was the first female engineer in Google’s New York office when she joined the tech giant in 2003. She helped architect early products that power Google Maps. She’s now head of engineering for Google’s “geo” unit and has led Google Maps’ technical response to the coronavirus pandemic.

Helen Adeosun is CEO of digital training platform CareAcademy, which provides health care organizations with online video coursework to help employees stay up-to-date on their certifications and training requirements. More than 110,000 caregivers have completed 400,000 of its classes so far; the company wants to reskill more than 1 million new home-care workers by 2023.

Amanda Litman cofounded Run for Something and has recruited more than 15,000 young people to run for office in down-ballot races across the country.

And Emily Ramshaw is cofounder and CEO of The 19th, a nonprofit, nonpartisan news organization. Its mission is to “empower women—particularly those underserved by and underrepresented in American media—with the information, community, and tools they need to be equal participants in our democracy.” The former Texas Tribune editor-in-chief says she got the idea for the site four years ago while on maternity leave.

You can dive into the all the lists—combined, they feature more than 100 women—here.

Claire Zillman
claire.zillman@fortune.com
@clairezillman

Has your company introduced a new employee benefit aimed at supporting working parents through this unprecedented back-to-school season? We’d love to hear about it—please email emma.hinchliffe@fortune.com.

Today’s Broadsheet was curated by Emma Hinchliffe. 

ALSO IN THE HEADLINES

- The richest woman in the world. MacKenzie Scott, the ex-wife of Amazon founder and CEO Jeff Bezos, is the world's new richest woman. Her fortune worth $67.4 billion has surpassed that of L'Oreal heiress Francoise Bettencourt Meyers as Amazon's stock continues to soar. Scott received a 4% stake in the e-commerce giant in her divorce from Bezos. NBC News

- Going public? Bloomberg reports that Bumble, under CEO Whitney Wolfe Herd, is considering an initial public offering that could come early next year. The IPO would reportedly value the family of apps at between $6 billion and $8 billion. Bumble did not respond to Bloomberg's request for comment; neither did Blackstone, the private equity firm that bought a majority stake in the company, then known as MagicLab, last year. Bloomberg

- School's in session. The Department of Labor last week answered a question about the emergency paid leave Congress passed in March for parents without access to childcare during the coronavirus pandemic. As schools reopen, parents who opt to keep their kids at home—for their children's safety or their own—won't be eligible for that leave. At schools with hybrid learning, families still qualify for leave on days when their child is not permitted to attend in-person instruction. Fortune

- Trump-eting the cause. GM CEO Mary Barra is set to meet with Ivanka Trump today, giving the first daughter a tour of the automaker's Technical Learning University in Detroit. The tour is connected to Trump's "Find Something New" campaign, which encouraged Americans to find new jobs. CNBC

MOVERS AND SHAKERS: Former Walmart CMO Barbara Messing joins Roblox as CMO and chief employee experience officer. Halogen Ventures GM and partner Jesse Draper joins the board of Trust & Will. 

IN CASE YOU MISSED IT

- Seven games, seven names. Naomi Osaka's face mask bearing the name of Breonna Taylor on the first night of the U.S. Open was just the beginning of her advocacy at the tournament. Osaka will wear a mask with the name of a different Black person killed by police during each of her potential seven matches. "It's quite sad that seven masks isn't enough for the amount of names," the tennis star said. In other U.S. Open news, Serena Williams broke a record last night, becoming the all-time leader in matches won at the tournament. 

- Just wear it. Last year, track and field athletes who were sponsored by Nike spoke out about how they were treated and paid—or not—when they became pregnant. Now, the athletic brand has introduced a maternity collection. Senior design director Carmen Zolman began working on the project before Nike's public reckoning over the issue. Fast Company

- Polling up. Old Navy, led by Gap Inc. CEO Sonia Syngal, will pay store employees their usual rate to work the polls rather than clock in at their normal retail location on Election Day. The initiative is meant to meet a shortage of poll workers due to the coronavirus pandemic. Fortune

ON MY RADAR

52 Black former franchisees sue McDonald’s, alleging discrimination Fortune

Jesmyn Ward: On witness and respair: A personal tragedy followed by pandemic Vanity Fair

Tommy Hilfiger embraces modest fashion with launch of first hijab Guardian

Chika is for lovers The Cut

PARTING WORDS

"To be a good ally, you need to be willing to protect people at all costs."

-Demi Lovato on what she's learned about the movement for racial justice

About the Authors
Claire Zillman
By Claire ZillmanEditor, Leadership
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Claire Zillman is a senior editor at Fortune, overseeing leadership stories. 

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Emma Hinchliffe
By Emma HinchliffeMost Powerful Women Editor
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Emma Hinchliffe is Fortune’s Most Powerful Women editor, overseeing editorial for the longstanding franchise. As a senior writer at Fortune, Emma has covered women in business and gender-lens news across business, politics, and culture. She is the lead author of the Most Powerful Women Daily newsletter (formerly the Broadsheet), Fortune’s daily missive for and about the women leading the business world.

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