Core Insights - Women We Admire has announced The Top 50 Women Leaders of New York for 2025, highlighting the city's role as a cultural and commercial powerhouse with over 20 million residents [1] Group 1: Honorees - Shilpa Bangera, President and Global Head of Payments at Adyen, is recognized for her leadership in fintech, focusing on growth, innovation, and teamwork [2] - Emma Andrews, Vice President of Global Patient Advocacy at Pfizer, is honored for her efforts in embedding the patient perspective in company initiatives, aiming to improve patient outcomes [3] - Vynessa Alexander, Senior Vice President at Infor, is acknowledged for her extensive experience in technology and operations management, guiding young professionals in their career growth [4] Group 2: Additional Honorees - The list includes notable leaders from various industries such as Sherry Cassano (Pfizer), Jennifer Remling (Warner Bros. Discovery), and Marissa Tracey (Deutsche Bank), showcasing a diverse range of sectors represented [6] Group 3: Organization Overview - Women We Admire aims to recognize and inspire women leaders across various fields, circulating content to over 70,000 individuals and businesses [7]

Group 1 - The Trump administration has reallocated $2.4 billion from California's high-speed rail project to a new $5 billion program aimed at enhancing passenger rail services nationwide [1][4] - The new rail funding program prioritizes safety and focuses on regions with higher birth and marriage rates, omitting climate change and diversity, equity, and inclusion (DEI) considerations [2][3] - The majority of the new program's funding comes from the $4 billion previously withdrawn from California's high-speed rail project, with additional funds from last year's announcement and this year's budget [4] Group 2 - California Governor Gavin Newsom remains committed to the state's transportation goals despite the funding setbacks, including the decision not to offer incentives on electric vehicles after the federal credit deadline [6] - California officials plan to legally challenge the Trump administration's decision to redistribute funds, continuing their fight over the withdrawal of federal rail project funding [7]

Table of Contents Expand Table of Contents The Target boycott is one of the most sustained in recent memory. Mostafa Bassim / Getty Images Close Key Takeaways Target's January decision to end its DEI programs has triggered one of the most sustained corporate boycotts in recent memory, one that's only broadened over time. Earlier this month, both the American Federation of Teachers (AFT) and the Chicago Teachers Union joined the boycott, which was spearheaded earlier this year by Black clergy and has garnere ...

[Applause] So again uh welcome everyone. This topic is uh very near and dear to my heart and I'm very excited to talk to you today on why I believe and hopefully you will too after I'm done cultural competence should be the new DEI. Think for a moment.Think about a time when you felt truly seen. Not just acknowledged, but deeply understood. A time when your unique perspective wasn't just tolerated, but actively sought out and valued.Your opinion mattered. How did you feel. Did you feel empowered, liberated, ...

It's April 2024 and I work in the automation engineering sector. It is one of the rare times that I'm actually working down from our headquarters in St. Albins's near London and I'm called into one of those dreaded can we have a quick word meetings by my line manager.I try to reassure myself that every everything will be okay because after all, I've managed to hit a 5-year target in just one year. I've managed to quadruple a business in my area in just 12 months. And I've had 10 years of consistent success. ...

Core Insights - Opendoor Technologies is facing significant operational inefficiencies, with cofounder Keith Rabois stating that the company is "bloated" and could reduce its workforce from 1,400 employees to around 200 [1][2] - The company has recently gained attention as a meme stock, with its stock price increasing by 470% year-to-date following the announcement of leadership changes [1] - Rabois criticized the company's culture, particularly regarding remote work and diversity, equity, and inclusion (DEI) initiatives, indicating a shift back to a focus on merit and excellence [2][7] Company Overview - Opendoor Technologies specializes in buying and selling homes, and it has recently seen a surge in stock performance, attributed to the rejoining of cofounders Rabois and Eric Wu on the board and the appointment of Kaz Nejatian as CEO [1] - The company currently employs 1,400 individuals, but Rabois believes that the majority of these positions are unnecessary, suggesting a drastic reduction in workforce [1] Cultural and Operational Changes - Rabois described the company's culture as "broken," emphasizing the ineffectiveness of remote work and the need to move away from DEI-focused initiatives [2][7] - The shift in focus will prioritize merit and excellence, indicating a potential restructuring of company values and operational strategies [2]

Core Insights - Target announced a CEO change, with Brian Cornell retiring and COO Michael Fiddelke taking over, which was met with disappointment from Wall Street due to the lack of an outsider candidate [2][3] - The company reported another weak quarter, confirming a continued loss of relative market share, with shares dropping over 6% following the announcement [3][5] Financial Performance - Under Cornell's leadership, Target's revenues grew from approximately $60 billion to over $100 billion, with significant contributions from digital sales and private brands [4] - However, since mid-2021, Target's stock has declined over 60%, while competitors have seen substantial gains [5] - Target has experienced flat to negative same-store sales over the past three years, contrasting with Walmart's average growth of around 6% [6] Market Position and Strategy - Target's merchandise mix is more discretionary, making it vulnerable in a challenging economic environment where consumers are more selective [7] - The company's focus on online fulfillment has detracted from customer service and visual merchandising, leading to frequent product out-of-stocks [8] - Target has struggled with its brand positioning, often competing on price rather than leveraging its unique market identity [9] Leadership and Future Direction - The promotion of Fiddelke has drawn criticism, as he was previously overseeing areas where Target has faced execution issues [11][12] - The board's decision to retain Cornell as executive chairman suggests a reluctance to implement significant changes [12] - Fiddelke's initial priorities include reestablishing merchandising authority, enhancing customer experience, and leveraging technology for efficiency, but these strategies need to be executed effectively to differentiate Target in the market [14][15][16]

Core Insights - Procter & Gamble plans to cut up to 6% of its global workforce, approximately 7,000 jobs, in response to consumer uncertainty and tariff-related costs [2] - Target's recent earnings report shows a decline in sales and profit, with sales falling just under 1% to $25.2 billion and profit dropping 19% year-over-year to $1.3 billion [3] - Target's stock price has decreased by 31% since the announcement of changes to its diversity, equity, and inclusion (DEI) programs, resulting in a market cap loss of over $13 billion [5] Company Challenges - Target's new CEO, Michael Fiddelke, will face significant challenges following the departure of Brian Cornell, particularly regarding the backlash from the company's DEI program changes [4] - Financial pressures are compounded by tariff uncertainties and a slowdown in consumer spending, which are expected to persist [5][11] - The company has seen a decline in foot traffic, with a 9% drop in website traffic coinciding with a social media movement calling for a boycott [8][10] Tariff Impact - Target is facing new challenges from tariffs, which could lead to higher import costs and further price increases, alienating price-sensitive consumers [11] - The timing of these tariffs is problematic as Target struggles to regain its footing amidst declining sales [11][13] Business and Political Intersection - Target's situation highlights the importance of consistency in business practices, particularly regarding DEI programs, as inconsistency can erode consumer trust and loyalty [14] - Maintaining customer loyalty is crucial for business resilience and growth, as loyal customers drive repeat purchases and provide valuable feedback [15] - Companies must stand by their principles during volatile times to maintain and earn customer trust and loyalty [16]

.@sonalibasak sits down with asset management leaders to talk about the DEI pushback in recent years and what they think the future of diversity in finance looks like.Watch the full episode of Bullish on the Bloomberg app https://t.co/oSp6OsKcPV https://t.co/xxOxDalo27 ...

Industry Trends & Challenges - The finance industry is seeing a growing number of powerful women managing vast amounts of capital, indicating a shift in the traditionally male-dominated field [1][2] - The industry average for women on finance teams is lower than Guggenheim's 30%, highlighting a need for further progress towards gender parity [6] - There's a perception that "greed is good," as portrayed in media like "Wolf of Wall Street," which may deter women and young people seeking purposeful careers from entering the finance industry [5] - DEI (Diversity, Equity, and Inclusion) initiatives are facing pushback, potentially slowing down the momentum of increasing diversity among fund managers and founders [23][25] - Some individuals still hold biases, such as the belief that "chicks can't do math," revealing persistent stereotypes in the finance sector [31] Women's Impact & Opportunities - Women control approximately 80% of global discretionary spending, demonstrating their significant economic influence [13] - Women are projected to control over 50% of the global wealth market in the next five years, indicating a major shift in financial power [13] - Women-led firms controlled only 0.7% of assets in alternative investments as of 2021, revealing a significant disparity in asset control [14] - Companies with more gender diversity on executive teams are 25% more likely to achieve above-average profitability, underscoring the business case for inclusion and diversity [47] - Women are finding success in less institutionalized areas like music, media, and entertainment, building businesses in less trafficked sectors [30] Leadership & Progress - As of the report's timeline, Jane Fraser is the only woman to lead a major US bank, highlighting the ongoing underrepresentation of women in top leadership positions [38] - Citigroup moves $5 trillion a day, exceeding the GDP of France, showcasing the scale of responsibility held by its CEO [41] - The trading floor environment is more positive and diverse compared to the 1980s, indicating cultural transformations within financial institutions [48] - Progress for women in finance is not always linear, and there's a responsibility to continue advocating for change for future generations [34][50]