by Paige Churchman (New York City)
Labor Day weekend approached, and all week I’d answered what-are-you-doing-this-weekend with “oh, sticking around.” True, but… For the next four days and three nights, I would be living like, and with, the homeless. I had signed up for a Street Retreat run by the Zen Peacemakers. The street that I would be living on was as much a state of mind as the street that peppered financial conversations, but the two were worlds apart.
by Sima Matthes (New York City)
We try to focus on the positive here at The Glass Hammer, giving examples of women who’ve made it or are well on their way to the top of an industry. And much progress has been made, as can be seen from our reports on women in industries from pharmaceuticals to energy and everything in between. However, we were surprised at how few women could be found among the management of the top real estate companies listed on the Fortune 1000. Of the 10 real estate companies that made the list, not one has a female CEO, and two have no women at all in senior management.
by Heather Cassell (San Francisco)
Thirty years ago, peering into her uncertain future as a Spanish major at Colorado State University, Shelly Hendrickson, senior vice president and division manager for Wells Fargo California Business Banking, made a strategic move that put her in the driver’s seat of her own career and changed the course of her life. Upon someone’s suggestion that the Spanish knowledge could work well in business, she enrolled in a business course. Hendrickson says she “fell in love” and ended up double majoring in Spanish and finance.
by Kate St. Vincent Vogl (New York City)
Flying by the seat of your pants is more than making things up as you go along. It’s trusting your instincts. I learned how in a Piper Cherokee. Not the first small plane I’d ever been in, but the first time for me in the left seat.
My flight instructor had a comb-over and shoulders hunched from years of folding into impossibly small cockpits. I was so sure I’d earn quicker than most. For years my family had planes—Beechcraft, Cessena, Mitsubishi. I already knew about the walk around, the preflight checklist. I knew to yell “Clear!” before starting the propeller. But, I didn’t know I couldn’t count on the instruments, white numbers dialed in black upon a dusty instrument panel. Read more
by Sima Matthes
According to a 2007 report, women make up fewer than 5% of the total number of CEOs in the automotive industry. However, the recent appointment of Kim Harris Jones to the position of senior vice president, corporate controller and auditor at Chrysler LLC, may be a sign that the industry on the road to change.
by Caroline Shannon (Akron, Ohio)
For Heather Gates-Massoudi, balancing work and personal life has always been a juggling act. When she was in her twenties, it was all work and no play, with her spending much of her time cranking out audits or investment banking deals long into the night. Then, as her early thirties rolled around, Gates-Massoudi found herself squeezing in more personal time, including annual vacations to exotic locales. The same went for her late thirties, when she was able to take time off for her maternity leaves and to spend time with her family.
“Which leads me to today, where balancing means enjoying the time I spend at work and enjoying the time I spend with family and friends,” says Gates-Massoudi, 40, who is the director of venture capital services at Deloitte. “I feel incredibly balanced today taking time to work out, learn with my children, laugh with my spouse, spend with friends and being thoughtful, but efficient at work.”
And Gates-Massoudi’s thoughtful efficiency is exactly what got her where she is today. Graduating with her bachelor’s of arts in accounting from Colorado University, she moved right on to public accounting at Coopers & Lybrand which is now PricewaterhouseCoopers. Despite a brief hiatus, she spent nearly a decade there before continuing on to investment banking at Hambrecht & Quist, where she worked on initial public offerings in corporate finance. Once her work was done there, she joined venture-backed company, Participate Systems, as the vice president of business development and general manager of channel partnerships, eventually, leading to her position at Deloitte.
by Kate St. Vincent Vogl (New York City)
Traveling to another country is a bit like traveling to an alien planet. “Assume laws of gravity won’t apply,” international marketing guru Christin Walth says, “and just roll with it.”
With this attitude, no matter how strange the land, Walth has always landed on her feet. In charge of marketing for Microsoft in Europe, Africa and the Middle East, she’s worked in Stockholm, London, Paris and Shanghai. In all her travels, Walth has found one universal truth, even in the remotest reaches of China: the common language of currency. Even street vendors pull out foreign phrases as if another of their most precious wares. “Beautiful lady,” they’ll say, “for you special deal.” It’s small talk that’ll get shoppers to buy, these micro-entrepreneurs know.
by Erin Abrams (New York City)
Kathy Robb, a partner in the New York office of the law firm Hunton & Williams, credits her success as an attorney in part to a willingness to embrace change and a passion for environmental issues.
The Glass Hammer recently sat down with Kathy, whose practice focuses on energy, environmental and administrative law, to talk about her background, her accomplishments and her advice for young women in law.
by 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:
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.