World Sign 2by Marian Schembari (New York City)

We can’t think of anything better for a woman than travel. And as a professional woman, what better way to experience the world than to become an expat? The cultural experiences alone are enough to make us want to hop on the next plane to Amsterdam, but the added bonus of enhancing your résumé makes it even more tempting.

Sending employees abroad is becoming more common. A survey by ORC Worldwide shows that 56% of companies have increased their expat usage. But, as usual, it’s mostly men who are jumping on this particular bandwagon. Catalyst research points out that only 13% of Americans managers who are sent abroad are women, despite representing 49% of professionals. However, women are more likely than men to accept a position abroad as 80% agree to relocation compared to only 71% of men.

But where to go? Here are the top 10 global locations for executive women, listed in no particular order:

Read more

Early Morning View of Big BenSince last week’s article went live, I’ve had my regal thinking cap on about why playing princess riles some folks and I’m rapidly coming to the conclusion that the problem many have with the idea of being a princess is, well, the need for the prince. Women who want to run big organisations need to choose a consort wisely. Part of the difficulty arises from the way society still tends to peg us patriarchally as ‘wife of’ or ‘daughter of’ or ‘mother of’ as though our value lies solely in our relationship to others, usually male. I can’t tell you how royally annoyed I get when I see City financial doyenne Nicola Horlick described as ‘mother of six.’ So what? Mr. Horlick would not be described as ‘father of six’ in any business publication worth reading. It’s utterly irrelevant to her business acumen and success, even if it leaves me in awe of her organisational abilities. I suppose the message is that you can’t afford to be seen as an adjunct to anyone if you want to be taken seriously in the business world.

Really modern women want to do more than just act as an attractive clothes horse. We want to make a difference – and sometimes having a man in tow can slow you down. There is an exception to this: I’ve mentioned Queen Rania of Jordan before – bright, educated, capable, beautiful – and making a valuable contribution to women’s health, education and their role in Jordan and wider Islamic society. The world could do with more like her.

But when you think of all the powerful women on the world stage today like our Queen Elizabeth, Oprah, Hillary Clinton, Maggie Thatcher in her heyday, Germany’s Angela Merkel, only Hillary can claim that her other half is as much – if not more – famous than she is. Interestingly, he hasn’t minded her sharing the glory, even though the balance of power there has demonstrably moved. And so Hillary memorably pointed it out in her lovely terse response that ‘Bill Clinton is not the Secretary of State. I am,’ at that infamous Congolese press briefing after her recent African whirlwind tour.

On this side of the pond, we admire Prince Philip for being a terrific consort who has never stolen the limelight from his majestic spouse. We know almost zero about Oprah’s other half. Mrs Thatcher’s Denis famously took a back seat. And I don’t know anyone who knows anything about Mr Merkel. It seems that powerful women don’t really need a consort up there on the podium with them. A prince on your arm might be ‘nice to have’ but it is not a necessity.

We tend not to tag our men as ‘husband of’ (unless it’s Brad Pitt) or ‘father of’ (same again). The men who run Coca-Cola, Citigroup, Goldman Sachs, NASA and McDonald’s (insert your favourite global businesses of choice here) are never bracketed this way. It’s time women weren’t either.

ann_margaret_pointer1When Ann Margaret Pointer was in grade school, a woman became a Justice of the Supreme Court for the State of North Carolina, and that had a profound impact on Pointer’s life. ”My parents knew and respected [Justice Susie Sharp] and pointed out her accomplishments to me,” explained Pointer, who is a partner at Fisher & Phillips LLP. “That, together with my parents’ attitudes, helped me know I could do anything I wanted to do if I had the gifts to put hard work to use.” And, as it turned out for the young woman who loved to debate, what she wanted to do was to become a lawyer.

Pointer, who has been practicing labor and employment law for 30 years, was guided to the specific area of practice while at the University of Virginia School of Law. “I said I wanted to do litigation in Atlanta, and a law school professor told me to try to get a job with I. Walter Fisher, who he said was the best management labor lawyer in the country.” She did indeed get that job and has been with the firm ever since.

Read more

be_face_cropped1Contributed by Barbara Horne of thebusinesschannels.com

The days of make money at all costs are quickly disappearing. There is value to be built-in products and services that bring profit to society and the bottom line. As a busy executive woman and manager, you can use these five simple tips to incorporate social responsibility into your management style and, ultimately, your company’s culture:

  1. Raise the Question
    Each time you have the opportunity to take part in developing a product, service or new strategy, ask the group what the implications of this ‘new effort’ are to the environment and to society. If there are risks to people or the planet, ask how it can be re-strategized or mitigated. You can cite examples of “socially responsible” efforts of other companies in your industry and make mention to any news articles or press releases on their website. You don’t have to have the answer, but simply raising the question may get others thinking.   Read more

jobsearchContributed by Caroline Ceniza-Levine of SixFigureStart

I had an interview with a small financial services firm this week. I thought it went well and the interviewer (in this case, the owner) muttered that he would decide to hire me by the end of the day. 3 days have passed and I have not heard anything. He seemed like he would tell me either way. I really want the position and it seemed like we connected. How long do I wait before contacting him? What do you suggest I do or say?

While I normally advise waiting a business week before following up, if you know a decision is forthcoming much earlier or much later, then you follow up according to the timetable you know. In this case, since the owner (and clearly a key decision maker) said he was going to know by end of day, I would certainly call him after 3 days. I would have called him earlier in fact because he suggested he would have known earlier. Had he said that they were just starting the process and he was going to be on vacation next week, then you would need to wait till well after the vacation.

Read more

Woman Holding Dollar Bill with Jumper Cablesby Liz O’Donnell (Boston)

Since Catalyst first published the report “The Bottom Line: Connecting Corporate Performance and Gender Diversity” in 2004 showing a positive connection between women in top management positions and an organization’s bottom line, a number of financial institutions, law firms and Fortune 500 companies have introduced some kind of gender diversity program. However, when you look at how few women there are in the top spots today, and then you contemplate the magnitude of the financial crisis we have witnessed, it begs the question: what if there was greater diversity on the boards and management teams of our financial institutions and major corporations?

“Would we have avoided this [economic crisis]? No. [But] I do believe it would have been different,” says Jacki Zehner, a founding partner of private wealth management firm Circle Financial Group and a former partner at Goldman Sachs. ”

While we can’t change the past, we can re-examine how businesses operate going forward.  As Shyama Venkateswar, Ph.D., Director of Research & Programs for the National Council for Research on Women, says of Wall Street, “It is so full of opportunities.”

Read more

cnd1by Elizabeth Harrin (London)

“I wish I could say that I woke up one morning and decided to leave my social work profession to work in the investment management business,” says Carolyn N. Dolan, founding principal at New York-based Samson Capital Advisors.  “But, in reality, the change was gradual and the piece that did not fit into my background and my academic strengths was the social work experience.”

Carolyn graduated from college in 1968 with a political science major and a math minor.  She says that women then only had a handful options – teacher, administrative assistant, Peace Corps volunteer, airline stewardess, to name a few.  “In my search for employment, I took a civil service test and wound up working for the State of New Jersey as a caseworker watching over the lives of children under the age of 18.”

Read more

martin1Contributed by Martin Mitchell of the Corporate Training Group

Bernie Madoff’s right-hand man pleads guilty. Publicis beats Microsoft out on a bid to acquire Razorfish. Guidelines on bankers’ pay issued by UK and German regulators.  These are but a  few highlights  of important market events that we’ve gathered to help you start the week well informed .

Economic Backdrop

  • Business sector confidence is surging in Europe, with the UK and Italy leading way according to the latest KPMG business outlook survey. A separate survey on the ‘BRIC’ countries of Brazil, Russia, India and China has also seen a strong rise in optimism, particularly in Brazil.
  • To underline the KPMG survey’s findings, the two biggest economies in Europe, Germany and France reported growth in the second quarter. After the economies had seen four consecutive quarters of negative growth, the second quarter of 2009 saw GDP grow in both by 0.3%. Elsewhere in Europe the second quarter saw the UK’s GDP shrink by 0.8%, the Dutch by 0.9% and Austria and Belgium by 0.4%. Like Germany and France, Greece and Portugal both grew 0.3%.
  • To complete the Eurozone quarterly figures, Spain reported its GDP shrinking by 1% in the second quarter, slightly worse than expected.

Read more

Early Morning View of Big BenThe grumbling in the press in Britain currently about feminism and the Disneyfication of our daughters has got my royal dander up a bit.

While no one can deny that equality for women (and girls) is a desirable and thoroughly deserved destiny for us of the so-called weaker sex, there are some strident voices decrying the pink, princessy world that Disney,Toys‘R’Us and fictional romances line up for young girls from as young as three.

I am majestically perplexed:  what’s wrong with being a Princess?

Read more

j_-diefenderfer1By Tina Vasquez (Los Angeles)

Verizon’s Jeannie Diefenderfer, Senior Vice President-Global Engineering and Planning for wireline business, has only been in her current role for eight months, but she already has a strong opinion concerning her favorite—and least favorite—aspects of her job. “The best part of my job thus far is accomplishing seemingly impossible and tough challenges through a group of people across organizations,” said the mother of two. “My least favorite is going to meetings with no real objectives or deliverables.” Being productive is a major concern for the Tufts University graduate, as she’s come a long way both in the world and professionally.

Diefenderfer is originally from Seoul, South Korea. At thirteen, she immigrated to the U.S. with her father and siblings, with no idea of what the future, let alone her career, would hold. “I don’t ever recall actually thinking about what I wanted to be when I grew up,” Diefenderfer said. “I had to learn a whole new language and culture as a teenager, so I think I was mostly focused on mastering the language and excelling in school, despite my obvious language barriers.”

Read more