HBC CEO: Saks parent is honed in on retail's future | Data: More than half of female S&P 500 CEOs outperform the index | Startups founded by women now get even less funding from VCs
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March 12, 2019
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[Top female leaders discuss what matters for 2019](
Several high-profile female leaders shared their ideas about the things that matter in 2019, pointing to issues such as economic empowerment and equal pay for women. "We need to make sure women feel everyday bravery -- the courage to say the things that they want and to dream big and to leave imperfection aside," said Reshma Saujani, founder of Girls Who Code. [Axios]( (3/8)
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Women's leadership
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[HBC CEO: Saks parent is honed in on retail's future](
[HBC CEO: Saks parent is honed in on retail's future](
Foulkes (Dia Dipasupil/Getty Images)
Helena Foulkes spent her first year as CEO at Hudson's Bay shedding underperforming operations and streamlining others to free up resources for investment in Saks Fifth Avenue and other parts of the business poised to move smoothly into the retail of the future. "I think it's going to feel like theater and entertainment" and a place where people will be excited, she said. [Fortune]( (3/4), [Recode]( (3/3)
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[Data: More than half of female S&P 500 CEOs outperform the index](
The S&P 500 only has 24 companies led by women, but the stocks of 13 have outperformed the S&P as a whole during the CEOs' tenures, according to FactSet data. Notable outperformers include Gail Boudreaux of Anthem, Mary Dillon of Ulta Beauty, Michelle Gass of Kohl's, Marillyn Hewson of Lockheed Martin and Phebe Novakovic of General Dynamics. [CNBC]( (3/11)
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[Startups founded by women now get even less funding from VCs](
Women have long had a hard time raising venture capital, and recent data indicate the situation is getting worse. In 2017, startups with female-only founders got 2.7% of VC investment in the US, a figure that fell to 2.3% in 2018 and so far this year is 1.4%, according to data from PitchBook. [Barron's (free access for SmartBrief readers)]( (3/7)
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Other News
- [Sam's Club COO Gisel Ruiz leaving her position]( Bloomberg (tiered subscription model) (3/8)
Tap into the power of #NEWwisdom films
NEW members are sharing their inspiring personal stories of experiences that changed the trajectories of their careers in [#NEWwisdom films](. Hormel Foods' Scott Nemec found that putting his phone down during his kids' bedtime transformed his outlook on business. [View Scott's film](.
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SmartBrief Originals
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Read the latest food and travel coverage in [SmartBrief Originals](: []
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- [Recent crackdowns muddy the waters around CBD in food and beverages](
Mobile Device Usage is a Threat to Data Security
74% of global IT leaders reported a data breach due to a mobile security issue. Discover how cybersecurity is shifting to meet the needs of a mobile world, and why it's critical to not fall behind. Learn how to protect your organization from mobile threats in [The Convergence of InfoSec & Mobile](.
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Talent trends
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[PepsiCo awards $18.2M to support female farmers](
PepsiCo awards $18.2M to support female farmers
(Justin Sullivan/Getty Images)
PepsiCo is working to bring more gender equality to agriculture with an $18.2 million grant to CARE's She Feeds the World campaign. "The PepsiCo Foundation is investing in this initiative because it has the potential to create change at scale," said PepsiCo CEO Ramon Laguarta. [Cheddar]( (3/6)
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[Study ties gender equality to innovation](
Companies that treat women and men equally tend to be more innovative, according to a study of workers in 27 countries by Accenture. The study considered several indicators of equality, including whether companies had diverse leadership teams and parental leave policies. [CNBC]( (3/8)
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[Bank of America pledges $50M to help women-led businesses](
The Bank of America has expanded its partnership with the Tory Burch Foundation, pledging another $50 million to create loan opportunities for women-led businesses. "If an entrepreneur receives a loan through our capital program, it will help her access capital later," says Burch. [Bloomberg (tiered subscription model)]( (3/7)
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[LinkedIn study shows gender differences in application process](
LinkedIn's study of its own data reveals women are more selective about job applications, focusing more on salary and benefits such as parental leave and flexible schedules than men, but men are more likely to ask for a referral, writes Cassie Werber. The data also found women are 16% more likely to be hired when applying for a position, but recruiters are 13% less likely to review a woman's profile. [Quartz]( (3/5)
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News from NEW
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Amplify your impact with NEW Summit Speaker Series webinar
NEW members may join leadership expert Simon Bailey as he explores principles for acquiring a visionary mindset during the next NEW Summit Speaker Series webinar "[Shift Your Brilliance, Amplify Your Impact](," on March 20. Members can watch all NEW Summit Speaker Series webinars live or download to view later from the [NEW Community Knowledge Center](. Not a member? [Join now](!
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Inspire courageous behavior in your company with these tips
Successful organizations intentionally create change in hopes of sparking transformative innovation, but a corporate culture of courage is needed to fuel the spark, according to innovation consultant Sue Mosby. A culture of courage gives employees "permission to fail," Mosby writes in her new blog "[5 ways to inspire courage in your company](."
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Put your ego in your pocket and sit on it.
Beverly Jenkins,
author
March is Women's History Month
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