pharma.JPGby Pamela Weinsaft (New York City)

Writing for PharmExecutive.com, Kristin Rand recently asked “Where are the women in Pharma?” (article) . The article reported on a study–commissioned by the nonprofit Healthcare Businesswomen’s Association and fielded by Booz Allen Hamilton–which showed that, despite a concentrated effort on the part of the industry to ensure diversity, women at the top of pharmacuetical companies remain few and far between.

Perhaps the most telling fact is that the percentage of women in management in pharma showed little, if any, increase, over the course of the five-year period studied. The researchers, drawing on data from 19 US and European pharmaceutical companies, found that women held only 17% of senior management positions and 34% of middle management positions over the five years.

The Glass Hammer is hopeful that the following women, already making their marks in the industry, will pave the way for the next wave of women in pharma:

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by Jane Lucken

How do you make partner not once, but twice, before reaching age 35? To find out, The Glass Hammer spoke to Laura Hinton, Tax Partner at PricewaterhouseCoopers LLP (PwC) in London.

Upon graduation from university, uncertain of her direction, Hinton applied to accountancy firms to boost her qualifications and gain exposure to a range of businesses. With an eye toward some day having a business or consulting career, she started her career in 1994 at BDO Stoy Hayward, an accountancy firm in London.

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by Sima Matthes (New York City)

I am a fearless public speaker. I know this to be my strength, and marvel at the number of otherwise well-spoken and intelligent women who identify public speaking as their greatest business fear. I certainly understand; I was not always this confident.

I also understand because I have my own fear—well, not fear, but substantial discomfort—of business entertaining. I dislike small talk, and find it draining to be one-on-one with someone with whom I have nothing in common except a business interest. Put me before hundreds, no problem; face-to-face, I have to pretend there’s a crowd in order to get through.

I am awed by the skills of some of my colleagues and friends, moving with ease from business event to business event. At each, they are engaging, “on” and relaxed. How fortunate that I had them to turn to when, recently, I found myself faced with the prospect of an important dinner out with potential clients.

Michelle, a VP at a large public relations firm, suggested cultivating relationships with your favorite local places. She has a list of ten restaurants that she takes time to patronize regularly. She has one or two that have a great brunch, another that allows her to pre-select the menu when there’s only an hour available for lunch, and more than a few that can accommodate larger groups for dinner. She greets the staff warmly, tips the maitre d’, and knows the menus well enough to order and make recommendations confidently. She takes the time to confirm the reservation herself—no delegating of this critical task—and makes sure that the wait captain knows that she’s the host of the meal.

These relationships allow her to request the privacy she requires for particular meetings, and to pre-select the menu. She usually arrives early, positions herself at the proper place at the table, then meets her client or guest at the captain’s station without disrupting the table setting. If she meets her guest at the table, she stands as they arrive, gives them a firm handshake, and invites them to sit in the best seat, the one that looks out into the room.

Michelle and my friend Larra—a partner in a prestigious law firm—recommend tipping 20 percent or more, particularly as you’re building your relationship with those restaurants. Larra says that rather than sulk about a problem and stiffing the wait staff, cultivate the ability to speak up kindly and professionally for the resolution you seek.

Larra regularly arrives fifteen minutes before her guests, and arranges to pre-pay the bill. She takes care to handle even the smallest detail, including tipping the coatroom attendant. She makes it her job to smooth over every problem, and allow her guest a carefree experience.

She offers her guests a “beverage” rather than a “drink.” This may seem like just semantics, but many of her corporate clients discourage drinking, especially at business lunches. This is an important detail—knowing the corporate culture of your industry and your client’s company.

Another friend, Candace, related an anecdote about a $700 business lunch for four people early in her career. It seems that she was unaware that she could set limits discreetly, and found herself with clients who knew no limits. After their third expensive bottle of wine, she realized she was in trouble. When the credit card bill arrived at her firm, a lesson followed the reproof: Set the limits on hospitality by casually suggesting an appetizer and some of the items on the menu. Discuss the menu with the wait staff, and then defer to your guest. If your guest orders an expensive item on the menu, you should as well. You want your guest to feel comfortable with his or her choice.

It occurs to me that the turning point in my fear of public speaking came the day I realized that with preparation and timing, I could get through even the biggest presentation. I expect that the same is true for business entertaining: preparation and timing are the keys to success.

by Margarita Shelley-Smith (Ann Arbor, Michigan)

The Glass Hammer recently spoke with Michelle Crumm, the co-founder and chief business officer of Adaptive Materials, an innovative company in Ann Arbor, MI. Adaptive Materials (AM) develops portable, quiet and efficient fuel cell systems capable of converting low cost, ecologically friendly fuel into electrical energy. These devices are already being used by the United States Armed Forces, commercial industries, and in emergency response situations by the Department of Defense.

Michelle Crumm, the business mind behind the success of the company, is a licensed CPA, with an MBA from University of Michigan. She was awarded the Crain’s Detroit Business “Most Influential Women” award in 2007 and was named one of “2008 Women of the Year” by the Enterprising Women magazine. Under her guidance, the company grew from a start-up into a manufacturing enterprise with double-digit increase in revenue. In March, the company moved to brand-new 47,000 square foot headquarters, and noted that its staff had tripled in the past year.

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by Heather Cassell (San Francisco)

What do Liquid Paper, the submarine telescope and lamp, Kevlar, the windshield wiper, and the rotary engine have in common? They were all invented by women. Women have been creating innovative technologies that benefit the lives of people worldwide since before the start of the Industrial Revolution; however, until relatively recently, few, if any, women have been acknowledged for such achievements.

The Anita Borg Institute for Women in Technology is helping to fill the recognition gap with the Women of Vision awards. The Institute, an organization that provides resources and programs to help the public and private sectors recruit, retain, and develop women leaders in high tech fields, created these awards nearly three years ago to recognize and honor women’s achievements in innovation, leadership and social impact through technology.

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by Pamela Weinsaft (New York City)

Last week, Fortune named its Global 500 companies. This year, women lead 12 of those companies, an increase of 2 women over the prior year’s list.

Less than a week later, however, it was announced that Patricia Russo, CEO of Alcatel-Lucent and architect of the merger, will be stepping down by year’s end. Since the merger of Alcatel and Lucent in 2006, Russo has implemented a restructuring plan, which called for the firing of 12,500 workers. According to TheStreet.com, investors had been calling for Russo’s ouster since the merger, upset with the company’s performance and her pay package.

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by Jessica Titlebaum (Chicago)

The Glass Hammer recently spoke with Christine Bazanowski Scaffidi, First Vice President of Commercial Lending Services at Commerzbank, who, refreshingly, cites her parents as her most important professional role models. From her corner office overlooking the Statue of Liberty in New York Harbor, she recalled dinner conversations from when she was growing up during which her father discussed the staff he managed and the challenges they faced. She also remembered her mother reminding her to “bloom where you are planted” when Christine voiced frustration at being limited to an administrative role when she started with Commerzbank 20 years ago.

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by Sima Matthes (New York City)

I am crouched down, my face pressed against the back of my partner. It’s dark, and hot, and I am unable to see past my protective mask. It’s noisy—crackling and creaking all around, the sound of dripping water overhead—and yet strangely quiet. We advance, holding onto the hose, and hoping that we’re going to get to the fire before it gets any larger. I’m terrified and exhilarated. I can’t clear my head, so I scream—a deep, primal scream—and then, suddenly, I know what I’m supposed to be doing again.

We find our way toward the source of the heat, click the switch, and exit the exercise. Outside, I join my class of fellow firefighters, dirty, stinky and dripping with perspiration and condensation from the inside of our masks. We wait to be debriefed, then gear up for the next “evolution.”

This is not for the faint of heart, and I wonder how I got here.

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by Pamela Weinsaft (New York City)

A true pull-yourself-up-by-your bootstraps success story, Marianne Brown, CEO of Omgeo LLC, spoke with The Glass Hammer about her unusual path to the top and why she’s succeeding there.

A self-professed academic overachiever in high school, Ms. Brown described her university experience simply: “fun won out”. Since she was, in her own words, “debt adverse” and paying her own tuition, she left school temporarily to get a job and earn some money. That job with ADP Brokerage Services, initially as a clerk/secretary, was the beginning of her illustrious career in trade management services.

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Contributed by Suzanne Bodlovic (Chicago)

I am deep in the woods, up high on a mountain. It is the dead of night. With a map, compass and a backpack full of gear, I am with my teammates and we are looking for our next checkpoint. We are lost and have been racing for the last 15 hours. We are still nowhere near the finish line. Tired, hungry and cold, with blisters on my feet, I am ready to quit. I tell myself to dig deep and find the inner strength to push through. Focus on good thoughts and ignore the negative – just make it to the finish line.

I am back at work on the trading floor, making markets for my own trading account in a pit full of sweaty men who are out for blood. The tension in the air is thick. I am mentally drained and my position is going against me. Even though people surround me, I am alone, and must rely on my mental strength to get me through the day.

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