Why women shouldn't listen to Microsoft's CEO on raises | Women make better leaders, new data suggest | Study: Rising share of board nominees are women
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October 22, 2014
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Why women shouldn't listen to Microsoft's CEO on raises
Microsoft CEO Satya Nadella's suggestion that women should trust the judgment of the business world rather than asking for raises was met with criticism, and he later apologized for his remarks. Ellevate Chair Sallie Krawcheck says women should "ask for the money, ask for the money, ask for the friggin' money," although other experts say requesting pay hikes requires some finesse, such as asking for a package, anticipating objections and knowing your market value. American City Business Journals/BizWomen (10/10), Fortune (10/10), Fortune (10/13)
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Women and Leadership
Women make better leaders, new data suggest
Gallup data suggest that female bosses tend to be more engaged than their male counterparts, although only one-third of working Americans have a woman as their boss. "Overall, female managers eclipse their male counterparts at setting basic expectations for their employees, building relationships with their subordinates, encouraging a positive team environment, and providing employees with opportunities to develop within their careers," write Kimberly Fitch and Sangeeta Agrawal. Gallup Business Journal (10/16)
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Study: Rising share of board nominees are women
This year, 29% of nominees to large-company boards have been women, according to data from Institutional Shareholder Services. That represents an increase of nine percentage points compared to 2013. "Investors’ calls for greater gender diversity appear to be nudging nominating committees to find more women to serve on boards at U.S. firms," said Edward Kamonjoh, the author of the report. Fortune (9/25), The Wall Street Journal (tiered subscription model) (9/25)
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Seek visibility to be regarded as highly valuable
It's critical for aspiring female leaders to accept speaking engagements and take on other visibility-boosting assignments, write Nancy Vonk and Janet Kestin, authors of "Darling, You Can't Do Both." Stage fright can be a problem, but you can conquer it by preparing carefully for the big moment, writing down everything you are afraid of and perhaps taking an improv class, they write. "Visibility is one of the most fundamental ways to be perceived as highly valuable," write Vonk and Kestin. FastCoCreate (10/14)
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Other News
MBA Outlook
When to apply early
Submitting your application during the first admissions round may be a good idea if you plan to pursue a dual degree, need financial assistance or if your test scores or GPA are on the low side, experts say. Applying early may give you more options if you aren't immediately accepted. U.S. News & World Report (10/9)
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Women's voices being heard in MBA programs
MBA programs increasingly are embracing women's view and needs, featuring more case studies involving women, making a point to uncover bias in the classrooms and organizing project teams so that women's voices are heard. Some schools also find that their online and part-time programs are a better fit for women with work and family obligations. Fortune (10/13)
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From College to Career
How to use social media to research a potential employer
Job seekers should use social media and a company's website to do in-depth research on a potential employer before an interview, career expert Hannah Morgan writes in this blog post. She suggests that, while a company's website is the best place to start, social media sites such as LinkedIn and Twitter may provide more information about a company's culture and work ethic. U.S. News & World Report/On Careers blog (10/8)
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Forte Foundation News
Get a jumpstart on your MBA application with Forté's MBALaunch For Women Program: Application deadline is Nov. 16
Forté MBALaunch is a hands-on, 10-month program for women planning to pursue an MBA degree. MBALaunch provides guidance, resources and ongoing feedback on the application process, including a one-day launch event, monthly webinars, peer group meetings and one-on-one feedback from an experienced adviser. The program will be held in Boston, Chicago, Houston, Los Angeles, London, New York, Toronto and Washington, D.C. Apply now.
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People are like stained-glass windows. They sparkle and shine when the sun is out, but when the darkness sets in, their true beauty is revealed only if there is a light from within."
-- Elisabeth Kubler-Ross,
American psychiatrist
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About Forté Foundation
Forté Foundation is a consortium of leading multinational corporations, top business schools in the U.S. and abroad, and the Graduate Management Admission Council (GMAC). Forté has become a powerful change agent directing women towards leadership roles in business and enabling corporations to more effectively reach and retain top female talent. It is the only organization that provides a national infrastructure for women at all stages of the career continuum to access the information, scholarship support and networking connections they need to succeed in business careers. Learn more at www.fortefoundation.org.
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