By: Heather Cassell
The National Women’s Business Council announced President George W. Bush intends to appoint Carole Jean Jordan as chair.
“I look forward to continuing to work with the other members of the Council to advance the state of women’s business ownership in this country,” says Jordan in a June 17 news release. “I hope to […]

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By: Heather Cassell
Women are on the move in May and June into the executive suites of top industries.
Biotech
Pamela Cohen was hired as senior vice president and chief medical officer of Kosan Biosciences Inc. She was formerly the global oncology therapeutic head for GE Healthcare Medical Diagnostics. Jane Moffitt became vice president of Nile Therapeutics Inc. […]

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This Sunday, I opened up my New York Times, and was excited when I spied the headline “Becoming the Boss,” which appeared to be an article about women entrepreneurs starting their own businesses.
The article opened by reporting that, in New York City, more than a half million businesses are owned by women, and these businesses […]

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Catalyst, the top think tank for women’s workplace issues, relaunched its new website on June 12, 2008. The new site is packed full of studies, interviews and news stories on diversity and inclusion practices of major companies, women in leadership positions and the advancement of women of color.
Founded in 1962, Catalyst is a major nonprofit […]

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By: Bailey McCann
Last week’s big news in the on going fall out inside the financial services industry was the fall of Erin Callan and Joseph Gregory. While there are varying levels of speculation on why Ms. Callan was demoted so quickly after her promotion to the CFO position, one thing is clear: in […]

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By: Heather Morse
A new study led by a sociologist at the University of Iowa has found that despite the legal profession’s success at hiring more women lawyers, these women remain less likely to be promoted to partner.
According to study leader associate professor of sociology Mary Noonan, women who practiced in a firm for five or […]

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On Saturday, June 7, 2008, Senator Hillary Clinton finally suspended her historic presidential campaign and conceded that Senator Barack Obama would be the Democratic party’s nominee.
Gone was the poll-tested “strength and experience” rhetoric, as Senator Clinton spoke emotionally and personally about what it meant for her to run as the first woman for president, and […]

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Last night, a speech to his supporters in Iowa when he announced that he now had a majority of pledged delegates in the Democratic primary, Barack Obama said of his adversary, Hillary Clinton, “We have had our disagreements during this campaign, but we all admire her courage, her commitment and her perseverance. No matter how […]

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Warren Buffet gets to play Willy Wonka, as he facilitates the acquisition of chewing gum giant Wrigley by closely-held candy conglomerate Mars Corporation, maker of M&Ms, Snickers, Mars and Milky Way bars. The deal, announced on April 29, 2008, will involve Mars and Warren Buffet’s Berkshire Hathaway teaming up to acquire Wrigley for $23 billion. […]

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Treasury Secretary Henry Paulson’s proposal to merge the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) is not a new one.
Robert Litan, a senior fellow at the non-partisan think tank Brookings Institute, told the Chicago Tribune that the Bush administration is using the distress in capital markets as a way to […]

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Contributed by Bailey McCann
“If you are seriously interested in a career you don’t have time for children and if you are seriously interested in bringing up more than one child, you don’t have the time, effort, and imagination for getting to the top of a career.”
That quote by British sociologist Catherine Hakim, and her […]

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Today, April 22, 2008, is Equal Pay Day, which is a national movement to draw attention to wage discrimination against women and people of color, in hopes of eradicating the practice. In communities throughout the United States, local Equal Pay Day activists are organizing rallies, speaking out, lobbying their congressmen and women, meeting with employers […]

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When Goldman Sachs says we are headed for a recession, most people on the Street believe it. When the Financial Times reports that big banking players like Citigroup, Morgan Stanley and Lehman Brothers eliminate 34,000 jobs with another 20,000 on the chopping block, people who work in finance get worried. But then the […]

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Contributed by Pamela Capalad
Women are a driving force in the workplace and equal opportunity employment is no longer simply lip service, as smart CEOs realize the power of recruiting and retaining female employees. Companies are not only targeting women and women of color in their hiring practices; many recognize the importance of catering to women’s […]

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Contributed by Pamela Capalad
Situation: Governor of New York, Eliot Spitzer, caught with a hooker.
Immediate Consequences: Scandal. Ruined political career. Resignation. Endless op-ed columns written in an effort to explain the psychology that motivated Spitzer.
Collateral Consequences: Headlines one week later read “‘Client 9’ call-girl now online music star.” Known as “Kristen” on the wiretaps, Ashley Alexandra […]

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Late Sunday night, in a conference room high up at the troubled investment bank’s Midtown headquarters, Bear Stearns allowed itself to be sold to JPMorgan at the fire sale price of $2 per share, in order to avoid impending bankruptcy. At $236 million for the extensive prime brokerage and clearing operations of the 85-year old […]

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It was another rough day for Wall Street, as share prices plummeted on the news that Merrill Lynch had lowered its annual earnings prediction for Citigroup again, after an executive at the Dubai fund responsible for the recent cash infusion at Citi said that the bank would need to raise more cash to stay afloat […]

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The news about a massive securities fraud by a rogue trader at France’s second largest bank, Société Générale, just keeps getting worse.  The Financial Times reported on Tuesday that the bank didn’t lose the $4.9 billion euros that it first reported, but will actually report losses of over $6 billion euros after unwinding the unhedged […]

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The news on Wall Street has been pretty grim, no doubt about it. Here, in the manner in which we would normally bow our heads for a moment of silence, we recap the avalanche of write-downs and looming layoffs announced by major financial institutions this week.
On Tuesday, January 15, 2008, Citi dropped the bomb […]

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Happy New Year. We will return on the 2nd January with more articles to aid and inform you.
Theglasshammer.com is for the people, so if anyone wants to contribute a guest blog or be interviewed do get in touch with our Editor erin@theglasshammer.com
We also want you to write in and tell us about events that other […]

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