By Aimee Hansen
In this month of a historic milestone towards LGBTQ rights in Congress, supported by an unprecedented number of business allies, theglasshammer explores the increasing business case for – and arguable inevitability of – greater LGBTQ executive leadership in the C-Suite.
Status: real progress amidst real discrimination.
According to Catalyst’s 2018 Quick Take, “72 countries prohibit discrimination in employment because of sexual orientation.” The U.S. has no federal protection for LGBT, no state-level protection for sexual orientation in 28 states and no gender identity protection in 30 states. 50% of the LGBTQ community lives in the 30 states that do not offer clear protection.
Policy wise at a corporate level, 91% of Fortune 500 companies have non-discrimination policies that include sexual orientation. 83% include gender identity, 60% include domestic partner benefits and 58% include transgender-inclusive benefits. Interestingly as a comparable, only 21% of Fortune 500 firms offer paid family leave which is a very crucial topic that needs to be addressed regardless of who the primary caregiver is.
About a fifth of LGTBQ employees still experience discrimination when applying for jobs and have not been paid or promoted equally.
A recent study revealed that people who sounded ‘gay or lesbian’ (or gender a-typical) were less likely to be considered suitable for leadership positions, and were related to differently by heterosexual listeners.
Another study sent two virtually identical resumes to Fortune 100 companies that had both non-discrimination policies and LGBT ERGs, the only real difference in resumes being that one of the candidates indicated being president of a gay student alliance and the other president of a non-LGBT social club. The first resume was 40% less likely to get an interview.
According to Forbes and Todd Sears of Out Leadership, in 2019, “609 companies got a 100 on the Human Rights Campaign Corporate Equality Index, yet ‘46% of LGBT employees in the US are still in the closet.’”
Outlook: a rainbow pipeline for LGBTQ leadership.
“Less than 0.5% of Fortune 500 CEOs are LGBT,” says Sears in Forbes. Yet he argues that while current C-Suite representation is underwhelming, it’s also on the cusp of a greater LGTBQ influx.
“If you look at the average age and tenure of CEOs in the Fortune 500, it’s in the mid to late-50s and their tenure is significant with a turnover of less than 2%,”says Sears. “So, if you’re looking for where the LGBT leaders are, there are a significant number of LGBT leaders one-level below the C-Suite.”
Sears emphasizes focusing on this level, at regional CEOs in Fortune 500 companies and at the higher number of “out” CEOs in mid-cap companies. These leaders are in the pipeline to take executive leadership, such as Beth Ford, the new CEO of Land O’Lakes, and the first openly gay woman CEO to run a Fortune 500 company.
In other words, it would appear there’s a rainbow pipeline on its way to displace the current ‘rainbow ceiling’.
Stanford’s LGBTQ Executive Leadership Program, now in its fourth year, has a a high profile for preparing executive bound LGBTQ senior professionals, with training including leading as your “genuine self” in “authentic leadership”. According to FT, the program has “spawned one of the school’s most active alumni networking groups.”
OutNEXT is also the first global talent development program for emerging LGBT in the US, Europe, Asia and Australia. 1,100 young leaders have gone through this program in the last five years.
As part of the curriculum, Sears talks about helping emerging LGBT executives to comprehend their “gay vantage.” According to an Out study, 70% of tomorrow’s LGBT leaders see being gay as a positive influence on their careers (vs. less than 20% five years ago). Research has shown that LGBT people have a higher level of empathy, for example, an important quality in emotional intelligence and leadership.
Fact: businesses with LGBTQ representation in leadership perform better.
The business benefits of LGTBQ leadership are becoming increasingly clear, and Sear speaks to elevating the salience of “Return on Equality”, an economic benefit which “drives sustainable, bottom line growth.”
In a recent study by Marquette University, researchers looked at 88 companies that were members of the Wisconsin LGBTQ Chamber of Commerce, of which 61% had one or more LGBT people in a top position.
The study found that businesses with LGBT senior leadership had higher overall “firm performance”, as well as noticeably higher scores in corporate social and environmental responsibility, high performance HR practices and workforce quality.
“This study supports what we have been saying for years: Having LGBT people in leadership positions, whether it’s as a CEO, a business owner, a part of senior management or on the board of directors, is good for a business’ bottom line,” said Jason Rae of the Wisconsin LGBT Chamber of Commerce. “Simply put, diversity is good for business.”
Mover & Shaker: Nicole Poteat, Vice President and Private Client Advisor, Bank of America Private Bank
Movers and ShakersBefore finding her current position, Nicole Poteat was unsure there was a career in finance that would allow her to truly bring her full self to the table.
Now, as a Private Client Advisor with Bank of America Private Bank she has a strong institution behind her, but also plays the role of entrepreneur, allowing her to combine her professional and intellectual drive with her personal interest in building relationships and helping others thrive.
“It’s important for young professionals to remain open to the idea that even if the seat they are currently in is not a fit, there is still a path out there that will capitalize on the different facets of their passions and abilities. They just have to remain vigilant about seeking it.”
Finding a Passion in Client Service
Fortunately Poteat was able to find that path. She studied government at Harvard and then graduated from Boston College Law School, starting her career in the government and non-profit space. At the same time, her wife Emilie was finishing a PhD and studying the sharing economy, which piqued Nicole’s interest in how companies thrive in today’s environment. That led her to look into a position with Goldman Sachs as a summer associate, subsequently joining the firm full-time after graduation. While her “bigger picture” enterprise strategy role offered lots of opportunity for growth, she realized she missed having a direct impact and forming client relationships; therefore, when she was approached by a recruiter from U.S. Trust, she transitioned to the private banking world where she has been for almost two years.
The position has been an ideal match for her talents and interest. “One of the reasons I love this role is that I can support the development and careers of people doing fascinating work without having to solely focus on one niche industry,” she says, noting that she works with professional such as doctors, founders and investors. “My clients are solving so many interesting problems—often with groundbreaking products—and it’s exciting to be able to support them and help them navigate their lives and their personal wealth as they experience professional success. Many of them are diverse, and it’s particularly satisfying to work with this population who hasn’t historically been in touch with the private banking world.”
Poteat says that one of the biggest looming assumptions when she left law school and started her career was that a transition into the corporate world meant an unsustainable lifestyle with unmanageable work hours. While she has experienced this at times in her career, she has also found a path to sustainability by “developing a career I’m passionate about where the work doesn’t feel like work—it’s a vocation. I love what I do so the time I am spending on it feels exciting and challenging rather than unmanageable.”
And, she says, the key is to be thoughtful about what you want to do—from impact to responsibilities—and then identify where your skills match up to those desires and how that can be applied professionally.
The Process of Finding a Mentor
Early in her career, Poteat would hear people talk about the end product of having great sponsors or mentors, without being explicit about what it took to develop those relationships. “It was a process to learn that there’s no ‘easy bake oven,’ one-size-fits-all strategy to getting the right mentor for you.” And, she points out, it seems especially daunting when all you’re hearing is the end result…the big difference that this one person made in a career.
Now, she has found, the journey to form those strong relationships has to begin with a context where people are ready to see you and what you can offer and even from there, other things need to line up. “Ultimately it’s about finding someone who wants to see you in that way (as a mentee) and cares about you and your career and wants to support you.”
And that can take a lot of conversations to find the people who are going to be willing to support you and fully see you. Poteat is proud that she has found such relationships by forging those conversations, which has led to a cadre of mentors at her current firm, including her manager and colleagues, as well as people from other contexts of her life, such as David Beatty, a friend and founder of Gaingels, an angel-investing group.
She is particularly appreciative of the opportunity to learn from women who blazed trails as the “first” women in the room; noting that her cousin, Jeannette, was one such trailblazer. Jeannette Loeb was the first female Partner at Goldman Sachs. Poteat has been fascinated by the tales she’s heard of those early days and what it was like to be effective in spaces that were built for, and up until that point had only been filled by, men.
She feels fortunate to work for a company like Bank of America that actively works to stay modern by putting diverse teams in place to serve a wide variety of clients. “It’s not the old-school bank of the past, but one that looks like the clients of today, and I’ve benefited from their efforts to be awake to that need.”
A Full Life Outside Work
Poteat is a member of Gaingels, an angel investing group focused on companies with LGBT representation at the C-suite level. She is an active philanthropist, having endowed the Michael Poteat Global Education Scholarship at Elon University in memory of her brother. The scholarship benefits students living with chronic illness, allowing them to experience internships and study abroad, thus hopefully setting them on a path to find a career “click” for their interests. She is also a board member of the Ackerman Institute for the Family, the family therapy non-profit.
She and her wife Emilie live in Westchester with their two golden retrievers, Charlie and Eliot, and recently announced that they will be joined by two more family members when their twins arrive this fall.
Op-Ed: A journey from visibility to engagement and action
Op-EdIn 2011, The Glass Hammer featured me in one of their articles as a rising star, I had realized then that the personal choice I had made to be out in the workplace was a critical part of my confidence; and that being authentic and bringing all of myself to work was part of my value proposition to an organization.
Eight years later, as my career has progressed into more senior positions, that value proposition remains a truth for me and for my success. My choice to be out – and having a supportive environment in which to be out – gave me one less thing to worry about, so I could focus my attentions on what mattered – managing the trials and tribulations of running global programs and their teams.
Out for others
I have always been an advocate for role models in organizations to help lead changes in approaches and attitudes. As a role model, I can be out for others, using my seniority to hopefully give people greater confidence to be themselves. I still believe that it is important to see yourself growing and developing within an organization and out visibility by senior leadership is critical to encouraging LBTI women as their career develops.
Working in an international organization, despite being in a bubble in Washington DC, I remain mindful of the reality of the challenges of being LGBTI in the 170 countries in which the World Bank Group is present around the world. Working as part of GLOBE (our LGBTI Employee Resource Group), we support our staff who may be working in countries where being LGBTI is criminalized or stigmatized. For example, we have worked with HR to ensure that LGBTI staff members who may be posted to challenging countries have i) a choice to discuss declining the position, without a negative impact on their career and ii) an understanding of how the World Bank Group will keep them and their family safe. We embrace the “Embassy model” of LGBTI inclusion meaning it doesn’t matter where in the world you are, we will implement and enforce protective policies and LGBTI-supportive measures, and we are working hard to make that a tangible reality for all our staff.
Out for global impact
It is an interesting time to be working in global development. The World Bank Group approaches exclusion based on Sexual Orientation and Gender Identity (SOGI) through its commitments on gender equality and social inclusion. The links between gender equality and development are well established in the World Development Report 2012. Social Inclusion is key to achieve the World Bank Groups twin goals of eradicating extreme poverty and boosting shared prosperity. Specifically, sexual and gender minorities are particularly important because they are likely overrepresented in the bottom 40%. While robust data is scarce, the existing evidence indicates that LGBTI groups have worse education outcomes due to bullying and stigma, higher unemployment rates, as well as lack of access to adequate health services, housing and financial services.
I now represent IFC on the World Bank Group SOGI taskforce. A multi-sectoral group set up to advance SOGI issues and to scale-up research, programs, and staff trainings. We are looking at ways that the IFC can support the private sector in this undertaking.
Joining the SOGI taskforce has been a great opportunity for me – outside of my day job – to understand at a deeper level the many issues and challenges that LGBTI people face in and outside of the workforce. My participation has helped me to develop new knowledge and skills.
I am only beginning to really understand how complicated human structures are – and how fragile organizations and economies are despite being the backbones of societies around the world. This fragility underlines my continued belief that role modelling is still critical to the implementation of changes that we want to see in the world for all. Ensuring that no person is left behind, as per the promise of the United Nations 2030 Sustainable Development goals.
About the Author:
Kelly Widelska is the Global Head of Knowledge & Learning for the International Finance Corporation (IFC), a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets. She is also a member of the World Bank Group Sexual Orientation and Gender Identity (SOGI) Taskforce.
Voice of Experience: Noriko Umeki, Partner, PwC Japan
Voices of ExperienceWhen reflecting on her career, Noriko Umeki wishes she had known earlier the importance of communication, as well as using personal marketing to further her endeavors.
“One day I realized that I wouldn’t be evaluated highly just because I was working on the job in front of me. People who get chances for better positions display a high level of interpersonal abilities so it’s important to expand your network both inside and outside the company by letting people know about you,” she says.
“Each one of us has to seize our opportunities, and in Japan, women are less aware about this concept unfortunately.” However, she adds, over the past years, there have been small but significant strides with the ratio of female managers gradually improving from 2% when she started her career to 12% in Japan.
Increasing Her Profile at PwC and in the Accountant Community
Umeki started her career at PwC as a Japanese Certified Public Accountant (JCPA) and has engaged in accounting services for the past 25 years, becoming a partner in 2009. Her experience in audit services includes both Japanese and foreign companies in the financial service, manufacturing and pharmaceutical industries.
As an ally, Umeki voluntarily became involved in Diversity & Inclusion activities for PwC Japan Group when she became a partner. In the past decade, she has expanded the firm’s D&I activities, improving D&I awareness and cultivating an inclusive culture at PwC Japan. She considers this an important achievement, given that the World Economic Forum has ranked Japan as 110th in the 2018 Gender Gap Report, highlighting that this issue is an ongoing challenge for Japanese companies.
To that end she has focused on producing female leaders, fostering female juniors and promoting support for LGBT+ members at PwC Japan.
In addition to her work with PwC, Umeki has assumed the post of director at Japan Institute of Certified Public Accountants (JICPA) this coming summer. “I am getting very excited to work on whatever I can do to contribute to development of JICPA,” she says. “The job of experts in accounting should be of social significance, and I would very much like to appeal to society so that young brilliant people will know the attractiveness of J-CPAs and be willing to join us.” And, she says, that will include encouraging young female accountants to join the industry, given that the percentage of female J-CPAs is still very low—at only around 20% in Japan.
An Appealing Career
Umeki believes it’s important for young female professionals to realize that they can successfully continue an accounting career through lots of life events.
“One of the attractions in this profession is that we are able to enhance our value through work and to differentiate ourselves from others since we are required to have a deep knowledge and wide experience,” Umeki says. She recommends that women seek their own leadership style and find the work/life balance that works for them.
Sometimes she sees Japanese women hesitating to take higher positions, yet she notices that many males are becoming increasingly supportive. “We females should change our own awareness and try anything when we are given the opportunity, finding the courage to take the next step,” she says.
Fostering a More Inclusive Culture
The biggest value Umeki has received in becoming an ally for the LGBT+ community is that her perspective has become much wider. “I remember being deeply shocked when I realized that I myself, as a woman, had been discriminating against other minorities unconsciously,” she says. “I was astonished to realize how many people are bound by old stereotypes and customs, but after becoming an ally, I have come to think more about the true nature of the situation. Putting myself in somebody’s shoes is very helpful in my career, as well as in my private life,” Umeki says.
She urges others to deepen their understanding about the LGBT+ community by attending related events or seminars, which will bring D&I issues to light and encourage personal action.
Among some of the advances that have been taken by PwC Japan Group to foster an inclusive culture are establishing an internal network for LGBT+ colleagues and allies. “When companies provide a safe environment, people are able to fulfill their potential to be their best since they will feel safe to be accepted as they are. “ And, Umeki notes, it can help companies attract and retain talented personnel.
She recommends that companies make a point to create that inclusive culture, but also to establish the same benefits for LGBT+ couples as for same-sex marriage, even though Japan does not yet have the necessary legal system.
Trying One New Thing Every Year
Since turning 40, Umeki has made a policy to try one new thing every year; among the new activities she has tried are fishing, yoga, boxing, calligraphy and golf, and she plans to use her accounting acumen to add activities that contribute to issues on women and society.
“I believe that it is never too late to start something when we are supposed to live for 100 years,” she notes.
And although she already cites her most important personal achievement as becoming partner at PwC while raising her two children without suspending her career, she says that from now on, she intends to pursue her career and private life in her own way. “I will enjoy life more,” she says.
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Mover & Shaker: Helen Campbell, Management Consultant, Implement Consulting Group
LGBT celebration, Movers and ShakersA career that allowed Helen Campbell to live and work in multiple countries gave her a unique view into culture and the way it should impact your working life.
For example she had always assumed that it was important to fit in and adhere to the company values, which was reinforced with her first professional role in Japan, where the culture was still then very much about dedicating yourself to a company for life.
“I realize now that especially in consulting, it should not be about signing up to a company’s way of working, but rather that by joining a company you should change and add to it and bring your own uniqueness to it,” she says.
A Career Spanning Multiple Countries and Roles
Campbell studied electrical engineering at Queen’s University of Belfast, as well as Japanese as she hoped to visit Japan. Her chance came at a career fair at the university, where she learned about an Irish government program that supported Irish graduates finding a job in Japan with companies that had a link with Ireland. She got a job with Fujikin, a Japanese manufacturing company, and flew to Japan with 16 other Irish graduates.
As the first female and non-Japanese engineer the company had hired, there was quite a bit of adjustment on both sides, but Campbell worked for them for six years—two in Japan, one in Dusseldorf in Germany and three in London, in a variety of roles that included engineer, key account manager and project manager. Realizing that was the role she enjoyed the most, she decided to look for another position where she could develop these skills and joined QinetiQ, a UK defense company, where she managed a range of defense and commercial projects and travelled to countries like Jordan and Brunei.
It was there that Campbell interacted with several consultants and became interested in the opportunity that consultancy provides to be part of transformational projects. She joined PwC in London in their Portfolio and Programme Management consulting practice and worked there for eight years, including transferring to Stockholm with them in December 2016.
Last year she decided it was time to try something new and left PwC to join Implement Consulting Group, a Nordic consultancy, as a senior consultant.
The company is growing rapidly and thus feels very entrepreneurial even with around 900 employees, Campbell notes. As it’s not as well-known in Sweden as Denmark, she is excited about growing the business, especially around supporting clients with the delivery of their largest and most complex transformations.
Starting an LGBT Network, Which Started a Movement
While her career has held an impressive mix of managing large efforts like a merger of two airlines’ finance functions and large-scale IT implementations, what Campbell is most proud of is the feedback she gets from junior consultants with whom she has worked. “I really enjoy teaching others and encouraging them to stretch themselves on projects, and because of that I’ve helped many consultants achieve promotions, which is extremely rewarding,” she says.
While working for PwC, Campbell co-founded the LGBT network for the UK; along with a small team she built a strong network—called GLEE@PwC (Gays, Lesbians and Everyone Else)—and developed a brand around it. That included hosting high-profile client events, where they got a majority of the UK employees wearing rainbow lanyards. Through running the network, she sat on several panel events and spoke at conferences about the value of being your true self at work.
In fact it was only when she joined PwC that she came truly out at work, and at that point there was a lack of LGBT role models and especially women. A turning point she remembers is when EY won the Stonewall LGBT Workplace of the Year Award, and Liz Bingham made a speech about her career at EY before and after she came out at work. “This was the first time I had heard a senior lesbian woman speak about the value of being herself at work,” Campbell says.
Developing GLEE generated a lot of attention internally in PwC with poster campaigns, a designated Twitter account, internal news articles and more, which meant that many on the committee were contacted by LGBT people across the country about coming out or about becoming more of an activist. Through those efforts, Campbell was able to mentor several LGBT men and women. “I have loved supporting them in their personal journey, both in and out of work,” she says.
Campbell believes there is still a big journey in the corporate world and in society around acceptance and normalizing trans-gender people. “Even in Sweden, which is fairly progressive, I am not sure I have seen any trans-supportive policies,” she says, although she notes that gender-neutral bathrooms are the norm.
For those reasons, it’s important to continue to be open and transparent—as a way to bring attention to LGBT issues and change hearts and minds.
LGBTQ Update: Building A Rainbow Pipeline
LGBT celebration, NewsBy Aimee Hansen
In this month of a historic milestone towards LGBTQ rights in Congress, supported by an unprecedented number of business allies, theglasshammer explores the increasing business case for – and arguable inevitability of – greater LGBTQ executive leadership in the C-Suite.
Status: real progress amidst real discrimination.
According to Catalyst’s 2018 Quick Take, “72 countries prohibit discrimination in employment because of sexual orientation.” The U.S. has no federal protection for LGBT, no state-level protection for sexual orientation in 28 states and no gender identity protection in 30 states. 50% of the LGBTQ community lives in the 30 states that do not offer clear protection.
Policy wise at a corporate level, 91% of Fortune 500 companies have non-discrimination policies that include sexual orientation. 83% include gender identity, 60% include domestic partner benefits and 58% include transgender-inclusive benefits. Interestingly as a comparable, only 21% of Fortune 500 firms offer paid family leave which is a very crucial topic that needs to be addressed regardless of who the primary caregiver is.
About a fifth of LGTBQ employees still experience discrimination when applying for jobs and have not been paid or promoted equally.
A recent study revealed that people who sounded ‘gay or lesbian’ (or gender a-typical) were less likely to be considered suitable for leadership positions, and were related to differently by heterosexual listeners.
Another study sent two virtually identical resumes to Fortune 100 companies that had both non-discrimination policies and LGBT ERGs, the only real difference in resumes being that one of the candidates indicated being president of a gay student alliance and the other president of a non-LGBT social club. The first resume was 40% less likely to get an interview.
According to Forbes and Todd Sears of Out Leadership, in 2019, “609 companies got a 100 on the Human Rights Campaign Corporate Equality Index, yet ‘46% of LGBT employees in the US are still in the closet.’”
Outlook: a rainbow pipeline for LGBTQ leadership.
“Less than 0.5% of Fortune 500 CEOs are LGBT,” says Sears in Forbes. Yet he argues that while current C-Suite representation is underwhelming, it’s also on the cusp of a greater LGTBQ influx.
“If you look at the average age and tenure of CEOs in the Fortune 500, it’s in the mid to late-50s and their tenure is significant with a turnover of less than 2%,”says Sears. “So, if you’re looking for where the LGBT leaders are, there are a significant number of LGBT leaders one-level below the C-Suite.”
Sears emphasizes focusing on this level, at regional CEOs in Fortune 500 companies and at the higher number of “out” CEOs in mid-cap companies. These leaders are in the pipeline to take executive leadership, such as Beth Ford, the new CEO of Land O’Lakes, and the first openly gay woman CEO to run a Fortune 500 company.
In other words, it would appear there’s a rainbow pipeline on its way to displace the current ‘rainbow ceiling’.
Stanford’s LGBTQ Executive Leadership Program, now in its fourth year, has a a high profile for preparing executive bound LGBTQ senior professionals, with training including leading as your “genuine self” in “authentic leadership”. According to FT, the program has “spawned one of the school’s most active alumni networking groups.”
OutNEXT is also the first global talent development program for emerging LGBT in the US, Europe, Asia and Australia. 1,100 young leaders have gone through this program in the last five years.
As part of the curriculum, Sears talks about helping emerging LGBT executives to comprehend their “gay vantage.” According to an Out study, 70% of tomorrow’s LGBT leaders see being gay as a positive influence on their careers (vs. less than 20% five years ago). Research has shown that LGBT people have a higher level of empathy, for example, an important quality in emotional intelligence and leadership.
Fact: businesses with LGBTQ representation in leadership perform better.
The business benefits of LGTBQ leadership are becoming increasingly clear, and Sear speaks to elevating the salience of “Return on Equality”, an economic benefit which “drives sustainable, bottom line growth.”
In a recent study by Marquette University, researchers looked at 88 companies that were members of the Wisconsin LGBTQ Chamber of Commerce, of which 61% had one or more LGBT people in a top position.
The study found that businesses with LGBT senior leadership had higher overall “firm performance”, as well as noticeably higher scores in corporate social and environmental responsibility, high performance HR practices and workforce quality.
“This study supports what we have been saying for years: Having LGBT people in leadership positions, whether it’s as a CEO, a business owner, a part of senior management or on the board of directors, is good for a business’ bottom line,” said Jason Rae of the Wisconsin LGBT Chamber of Commerce. “Simply put, diversity is good for business.”
Intrepid Woman: Stephanie Sandberg, Executive Director, Team LPAC
Intrepid Women Series“There’s so much energy that is consumed by not saying the things you are thinking,” she says. So right up front when she was at a business lunch and someone would ask what her husband does, she would blurt out early that she was with a woman. “It helped ease the conversation and provided me a sense of wholeness,” she says, in urging young gay people to be open with their reality.
A Career in Media As the Foundation for Her Current Work
Sandberg spent the first 25 years of her career in magazine publishing, working on marketing for titles like the L.A. Times, Newsweek and the New Yorker before becoming president and publisher of the New Republic and, later, executive publisher of the Columbia Journalism Review. Then she pivoted to consultant work.
After dabbling in a variety of projects, she realized she wanted to focus on one area and became interested in women’s leadership and the barriers to advancement women faced at the top echelons. Sandberg joined Out Leadership on a project basis, which aligned with her interests in diversity and inclusion.
But, she found, “inclusion” was often male-dominated.
“Lesbians are underrepresented, underleveraged and don’t have a voice at the table,” she says. “The gay world is very similar to the straight world in how gendered it is.”
So she helped the organization launch OutWOMEN, running discussion dinners to get people around the table.
“We realized that women don’t come together as intentionally around professional matters,” Sandberg notes, so they launched both formal and informal events. The satisfaction she derived from this work pointed her consulting in that direction, and she ended up at a holiday party for LPAC in 2018, where she learned they were looking for an executive director.
Leveraging the Voices of Gay Women
Today Sandberg heads LPAC as a political voice for the LGBTQ+ community. One of her first moves was officially shortening the name from “Lesbian Political Action Committee” to its acronym, as she found the name wasn’t embraced by everyone.
Then she began leveraging what she learned at OUTWomen about how women come together. Just as she had previously discovered that women prefer to socialize differently, she learned in her early days with LPAC that LGBTQ women’s political concerns are different, but rarely discussed as such. “Gay women don’t always have the same priorities as gay men,” she points out, adding that healthcare, choice and women’s equality are paramount to gay women. “We needed to carve out a place and build a voice for this subset from the LGBTQ community and address inequalities by championing candidates who support us.”
Right now her mission is to make sure the community knows about LPAC, particularly people who have the financial capacity to support the group. The biggest challenge, she finds, is building the group out to where potential donors not only know about it, but also choose it as a priority among so many worthy causes.
“If they understand that their investment is an investment in strengthening this community, and then convert that enthusiasm and awareness by including us in their giving, I will have done my job,” she says.
Sandberg believes that will come as they build empirical data about how they have amplified the effect for the candidates they endorse. To that end, they launched a nonprofit group Project LPAC and have a fundraising event—Levity and Justice for All –scheduled for June 25, the only official World Pride event specifically for women.
Sandberg has the benefit of knowing the work she does will benefit her personal life, too, including for her wife of 20 years and two daughters, ages 16 and 12, but she also knows the importance of making them the focal point of her life aside from work.
“While my work is important, a broader wholeness comes from have a balance; a lot of career people find themselves too deep in the work, and while it matters, it can’t at the expense of family,” she says. “You have to treasure being able to have family experiences at the end of the day; my main goal is to spend that time with my girls.”
Voice of Experience: Diane Bell, Partner, Katten Muchin Rosenman LLP
Voices of ExperienceFor example, she initially hesitated to bring her partner to firm events as she got to know the culture, but after several months, a more senior manager inquired as to why she didn’t bring her. “It was eye-opening to see that it was far more than acceptance that they were offering, in that they were almost offended I wasn’t bringing my partner, as though I wasn’t proud of the firm,” Bell said. And she has seen that culture embrace diversity throughout her tenure there.
Relationship Building Drives Career Satisfaction
Although Bell has been with Katten for 13 years, she originally joined a smaller firm right out of law school, selecting it due to its culture and people. However, after the tech bubble burst, she realized that the corporate group she had joined was going to be slow to recover, so she decided to look into another firm that would allow her to develop her skill set. She found a great opportunity in Katten’s Corporate practice, where she has honed her skills doing the challenging work of private company mergers and acquisitions, while delighting in the wonderful people she’s met along the way. “I’m really happy with the kind of lawyer I’ve turned out to be,” she says.
Bell values the firm’s emphasis on building relationships with their clients noting two transactions that have been particularly meaningful. In one, near the beginning of her time at Katten, she helped a small business owner, who immigrated with the proverbial “$20 in his pocket,” sell the wildly successful business he eventually built and receive the most appealing terms possible. “As a more junior member of the team, I got to know him and his wife well, and it was incredibly rewarding to act as a counselor for them,” Bell says. “When we got confirmation that the payment hit their account, they hugged each other, then bear-hugged me.”
Her second memorable moment involved another family-owned business that had gotten a valuation for estate planning purposes and were blown away by its size, leading them to consider an exit strategy much earlier than they expected. They initially decided to use a broker who didn’t seem up to the job. Bell felt that they could do better, and get a better price, with another broker, and the broker that Katten introduced the family to ultimately put together a package that led the business to realize almost twice what they had initially hoped for. “It was very rewarding to help guide this wonderful family through what to them was a very confusing process,” Bell says.
Being Open Pays Dividends
Bell always recommends that younger associates find senior attorneys willing to act as sponsors. She, for example, feels fortunate that the former managing partner of the firm’s Los Angeles office, who now serves as a Los Angeles Superior Court judge, took it upon himself to actively look out for newer professionals during the lean years of the recession—and in fact, she says it’s due to him she is still there. “You need those people up the food chain looking out for you,” she notes.
From the beginning of her career journey, Bell has made a conscious effort to be transparent about her orientation. “I thought that if potential employers weren’t accepting, then I didn’t even want to start down the road with them,” she said. For example, she noted on her resume that she interned at Lambda Legal, an organization that focuses civil rights impact litigation to benefit the LGBT community and individuals living with HIV impact while in law school.
In fact, Bell says that trying to conform in any way that’s against your authentic personality can be a hindrance to your career. She has found that as she let her true self shine through to her coworkers, she got along far better and gained more respect. Even more importantly, she says, she no longer had to expend the emotional energy on trying to be someone she wasn’t. “It frees up so much bandwidth to not try to assimilate into what I thought that the associate mold was supposed to be, which was against my character in a number of ways,” she said.
As co-founder of Katten’s LGBT Coalition, Bell says its purpose has morphed over time; it first was formed to ensure LGBT attorneys were on an equal playing field with respect to employee benefits and insurance coverage—that her wife, for example, would be recognized as family and receive the same benefits offered to spouses. When grappling with issues like this, she has found that at Katten typically it only requires explaining the concern before the issue is addressed. “If people don’t understand that there is a problem, they won’t know it needs to be fixed,” she said.
Over the years as marriage equality resolved many of those types of issues, the coalition now focuses on other aspects such as recruiting and retention of LGBT attorneys and organizing the firm’s biennial LGBT Attorney Retreats, which takes place in Philadelphia this coming year.
Away from the office, Bell enjoys spending time with her family; she has been with her wife almost 20 years, and they have two children, ages 9 and 1-1/2.
And she continues her work with civil rights organization Lambda Legal as a member of the board of directors. “Katten has played an important role in helping support this work financially and also allowing me time to travel for my duties,” she says.
Enjoy our LGBTQ and Ally coverage all of June
LGBT celebration, NewsJune is Pride Month in many countries in the world, with NYC hosting World Pride this year. This coincides with the 50th anniversary of the Stonewall uprising which is the place where civil rights for LGBTQ Americans began.
The bad news is that fifty years later, someone can be legally fired from a job, because a manager or business owner doesn’t approve of the person’s sexual orientation or gender identity, in a majority of US states. The Employment Non Discrimination Act or ENDA which has been in circulation since 1994 and has not yet passed despite a historic recent victory of the passing of the Equality Bill. This important bill was passed on 17th May by the House of Representatives to try prevent this type of discrimination but still has to clear Congress so LGBTQ people are far from safe from subjective decision making by a person who decides to create a ‘less than me’ dynamic.
The good news is that we will shine a light on amazing LGBTQ women and Allies this month as well as talk about what you can do to be a great Ally.
We will also look at how great companies are pushing for progress in the legislative vacuum and are making positive changes in the world. Sometimes, it is about changing the world and sometimes if all you can do it change your corner of the world to make it better for the people around you, then that is a good start.
Enjoy the articles and profiles.
And, walk the talk on your values.
Voice of Experience: Laura Raymond, Vice President and Business Development Officer, Wells Fargo Commercial Banking
Voices of ExperienceBy Cathie Ericson
“Be a horse with blinders on,” recommended Laura Raymond’s dad, who had had a successful 40-year career in banking.
It didn’t take long in Raymond’s career to learn the wisdom of that—to tune out the constant distractions and focus on the task at hand, rather than letting the highs and lows get in your way.
Reaching for Success
That solid advice has helped Raymond build an impressive career in sales. Over the years she has held roles in sales business development in diverse industries, starting in media advertising. After transitioning to the account side and a commission sales role, she embraced the challenge and learned to really hit the pavement, as she says.
Next she was presented with the opportunity to join Garda Cash Logistics in business development, where she partnered with treasury management sales consultants in her first exposure to banking, a field that interested her since she comes from a banking family. As cash management is just a fraction of treasury management, she set her sights on learning more, which she finds to be one of the elements that intrigues her most about any given job—the chance to always expand your knowledge in a quest to find your niche. Six years ago she was given the opportunity to join Wells Fargo in New York—and she jumped at the chance even though it was all new: new market, new product and new industry.
And that’s how she was able to attain the professional achievement she is most proud of to this day—earning a spot in the President’s Club, which is reserved for the top echelon of sales people, and which many tenured employees never achieve, in only her first year on the job. It was especially exciting because the final client that pushed her to the top came just in the nick of time on New Year’s Eve.
Since then she was recruited to join the commercial banking department, where she is currently a business development officer. As greater New York is considered an expansion market for the commercial side of Wells Fargo, she finds it exciting to be part of the growth initiatives and rewarding to onboard new clients and help them succeed.
As the banking industry is notoriously male-dominated, it can be easy for women to lose their identity and get discouraged, she finds. “But it’s important to take the lead and know your worth—to take initiative and speak up. There are times women keep their mouth shut when it’s important to voice your opinion,” Raymond says.
Embracing Diversity Inside and Outside the Workplace
Raymond says she has never worked for a company that’s so focused on diversity and inclusion as Wells Fargo. “They make an effort for everyone to feel at home, and it’s helped me find my niche and thrive,” she says.
One of her most pivotal moments was having the honor of meeting Stephanie Smith when participating in the Wells Fargo Diverse Leaders group. Raymond says that Smith shared how she came out as soon as she graduated from college so has spent her whole career being authentically open about her orientation. “It can be hard to find your confidence when you’re not being your true self.” She herself finds that there are a lot of assumptions around being a woman and being LGBTQ. “I often having people saying that I don’t look gay, and for me that’s an invitation to break the barriers down on a daily basis so we can treat everyone as equals.”
As cochair for the Wells Fargo Pride Team Member Network in New York City, she helps organize networking and mentoring opportunities within the organization and oversees the bank’s participation in Pride March and the AIDS Walk. “It’s great to be behind the scenes, helping making the ideas a reality,” she says. She also has joined a Wells Fargo team to participate in Cycle for the Cause in September, a three day bike ride from Boston to New York that raises funds to help find a cure for AIDS.
Always up for activity and adventure, Raymond enjoys traveling, and as a skiing aficionado has skied in the Alps and Canada and around the country. And, as a Philadelphia native with two older brothers, she says she is obsessed with Philadelphia sports. “But most of all I love spending time with my family, which helps me recharge and be ready to come back to work.”