Stephanie Korey, the CEO of luggage start-up Away, stepped down this week after The Verge detailed what employees called a "toxic" work culture. Korey is one of a handful of female leaders who have recently come under scrutiny for the way they treat women, people of color and other under-represented groups. One former employee of The Wing told Bloomberg Businessweek that the female co-working space's stated mission of greater equality is a "total farce." People who've worked at startups such as Thinx and Nasty Gal have made similar claims. So what gives? One theory is that, when given a bunch of money to grow and scale a business, CEOs tend to act the same regardless of gender. And as a result, they can make some of the same big mistakes. —Rebecca Greenfield Did you see this? Employees at Goldman Sachs complained to executives about a scheduled appearance by former South Carolina Governor Nikki Haley following the Republican's statement that some of her former constituents view the Confederate flag in a positive light. Intel is betting that transparency will be a step toward equality. The company disclosed employee pay by race and gender, and it's not a pretty picture. Harvey Weinstein reached a tentative $47 million settlement with dozens of accusers, an amount advocates called "flawed." Previously incarcerated job seekers are benefiting from a particularly strong job market. Japanese cosmetics companies are targeting older women, and 45-year-old Kate Moss is the brand-ambassador. Thank you for smoking. Male smokers with male managers who smoke are promoted faster. We love charts Although Latinas are still paid less than other groups, a few trends are now working in their favor. A low unemployment rate has brought more of them into the workforce; economists would expect that to also drive up wages. And the number of Hispanic women with college degrees has doubled since 2008, setting them up for higher-paying work. They is having a moment Perhaps "the future is female," as the feminist slogan says—or perhaps it's nonbinary. A few retailers are already there. Big brands like H&M and Sephora have experimented with some gender-neutral product lines. One store in New York City, Phluid Project, does away with menswear and womenswear entirely, chasing young shoppers who may be more likely to reject the male-female divide. Not that consumers were waiting: 56 percent of Gen Z already reports ignoring gender labels when shopping. |
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