C This

September 3, 2010A little-noticed provision in new U.S. legislation requires all federal financial agencies and firms to establish an Office of Minority and Women Inclusion to boost diversity. Banks and firms that fail to diversify their ranks do so at their own peril. According to the rule, failure to make “a good-faith effort to include minorities and women in their workforce” can result in cancelled government contracts. More on this ground-breaking provision in today’s C This.


Laying Down the Law

Championed by California Democrat Maxine Waters, a powerful provision within U.S. financial reform legislation will hold federal agencies responsible for failing to diversify. "Firms must take steps to be more reflective of America,” said Michael Yaki of the U.S. Commission on Civil Rights. “This is a wake-up call for Wall Street.”

READ: “Bill Aims for Diversity on Wall St.,” by Julia Love and Jim Puzzanghera, The Chicago Tribune, 8/29/10

Stop, Think, Act

“Would I want my daughters working here?” It’s a simple question, but it stops many men in their tracks. “If the answer is no, then you should own part of the solution,” insists Deloitte’s Ann Weisberg.

READ: “Engaging Men in Culture Change: “Would You Want Your Daughter to Work Here?” by Tina Vasquez, The Glass Hammer, 8/31/10

CEOs Speak

What traits do more than 300 CEOS from 40 countries have in common? Researcher Robert Rosen endeavored to find out.

READ: “The Secret to Leadership Success,” by Harvey Schachter, The Globe and Mail, 8/9/10

A Deadly Figure

Since the start of this year, The New York Times has published 698 obituaries— and only 92 were of women. This statistic made Fast Company magazine cofounder Bill Taylor wonder “about who deserves such recognition in the first place, and what their stories might suggest about a life well-lived.”

READ: “The New York Times Is Dead Wrong,” by Bill Taylor, Harvard Business Review, 9/2/10

No Trend Here

New market research has found that single, childless women aged 22 to 30 earn, on average, 8% more than their male counterparts in many U.S. cities. Is this a cause for celebration? Not so fast. “This small slice of data is unlikely to be indicative of a larger, penetrating trend,” wrote DailyFinance’s Melly Alazraki.

READ: “Young Single Women Now Earn More Than Men,” by Melly Alazraki, Daily Finance, 9/1/10

The views expressed herein are solely those of the guest blogger and do not necessarily reflect those of Catalyst. Catalyst does not endorse any political candidates. The post and the comments are presented only for the purpose of informing the public.