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What a mentally exhausting week — we're not gonna name check all of the genuinely terrible, upsetting, disconcerting (yes, we realize there's a fairly narrow range of emotion here) stuff that's happening but props to lucky all of us for making it to Friday. Pats on the back all around.
And, while we're giving ourselves pats on the back, let's offer up one big collective one to IBM CEO Ginni Rometty, who is stepping down after eight years at the helm and nearly 40 years with Big Blue (the '80s origins of that nickname, by the way, are "unclear" per Investopedia, but assumed to have something to do with the blue tint of its ginormous computer cases at the time). Check out our handy-dandy list of factoids to know about Rometty, including that she became IBM’s first female CEO in 2012 — 101 years after the company was founded — and, in her spare time, is into scuba diving.
Okay, back to the hard stuff: Adding to the emotional heaviness of the week was the ongoing testimony of the women who have accused Harvey Weinstein of sexual assault. While several women have taken the stand, the accusations of only two of them — Weintein's one-time production assistant Mimi Haleyi and former actor Jessica Mann — form the basis for the five New York charges against Weinstein (remember that he is also facing four charges of sexual assault in Los Angeles). Both Haleyi and Mann testified this week and we've been updating our Weinstein trial timeline so you can easily stay on top of the proceedings.
Here's what else we've been reading from around the way:
The U.S. is having what Bloomberg deems a boomlet in paid parental leave — while we're basically the last country on earth without federally mandated leave, an increasing number of major companies are starting to offer it, particularly those in tech and finance. The problem? The industries in which women make up the bulk of the workforce are less likely to offer paid leave. So yes, we obviously need to get more women into higher paying fields, but we also need to make sure industries like health care and retail are stepping up. Read the story.
Speaking of getting more women into higher paying fields, Melinda Gates' Pivotal Ventures is launching a new $50 million initiative, Gender Equality in Tech (GET) Cities, aimed at increasing the number of women in the tech sector. Chicago is the first city the program will focus on. Read the story.
In news from dating app land, Match Group CEO Mandy Ginsberg is stepping down. She will be replaced by Shar Dubey, the company's president and a former Tinder exec. Ginsberg said in an internal memo that she is relinquishing her role because of challenges in her personal life. Meanwhile, over at the parent company of Whitney Wolfe Herd's Bumble, a six-month investigation into company culture concluded that it needs to reform its workplace policies in the wake of sexual harassment allegations. Read the stories here and here.
Have you been following the drama unfolding at the Grammys? Wow. Recording Academy president Deborah Dugan — the organization's first female president — was put on administrative leave shortly before last Sunday's ceremony because of "concerns from the organization’s Board of Trustees, 'including a formal allegation of misconduct by a senior female member of the Recording Academy team.'" On Tuesday, Dugan filed a discrimination complaint against the Academy alleging that she was put on leave because of various actions she took to "dismantle the 'boy’s club' status quo at the Academy." Dugan's legal team tweeted, "This blatant form of retaliation in corporate America is all too common, even post #MeToo, and we will utilize all lawful means necessary to ensure that those responsible are held accountable for their actions." Read the story.
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