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Secret Weapon: Women

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October 20, 2010 – Comments (6)

Today I wrote a piece on Fool.com on how increased female presence on boards of directors could actually prove to be a shareholder friendly "secret weapon." Of course, the truth is there still aren't that many females on boards of directors, as I discussed in the article.

One thing I also like to ponder along these lines is how cognitive diversity is a good thing for business and for the marketplace overall, and more female involvement could be a very good move in that direction given some of the data I cited in the piece. (No offense to the gentlemen, of course!) More points of view and different types of analytical skills feed into how "wisdom of crowds" works best, though.

6 Comments – Post Your Own

#1) On October 20, 2010 at 1:59 PM, TMFDiogenes (89.18) wrote:

Alyce, when I was looking through proxies for this piece, I noticed that part of Verizon's CEO's bonuses are contingent on hiring female execs. Kindof interesting.

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#2) On October 20, 2010 at 2:37 PM, TMFLomax (89.79) wrote:

TMFDiogenes

Wow, that is really interesting, to say the least! Thanks for sharing that!

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#3) On October 20, 2010 at 4:45 PM, sawchain (< 20) wrote:

Crowds are not wise.

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#4) On October 20, 2010 at 4:47 PM, sawchain (< 20) wrote:

Further, gender quotas are no different than racial quotas.  What say we hire based on qualifications, and not based on irrelevant attributes?

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#5) On October 21, 2010 at 6:30 AM, TMFLomax (89.79) wrote:

sawchain

Thanks for your thoughts. Data shows crowds can be wise, but conformity of thought makes them far less so. And I don't believe in quotas per se, but it doesn't hurt to wonder if a lot of people might be overlooked in some of these processes because of irrelevant attributes, after all, the composition of a lot of corporate boards appears to be pretty much the same. It might be a good time to think a little bit differently in how we view who is chosen for some of these roles. 

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#6) On October 25, 2010 at 12:26 PM, BillyTG (29.10) wrote:

Good post.

Your thoughts on women being good for the marketplace were recognized by big business and government a half century ago.  The women's movement (feminism), in fact, was orchestrated by the CIA to get more women educated, working, and producing for the economy. 

Of course, many studies have shown that American quality of life (and relative income to work levels) and women's happiness in particular has decreased during that time.  It's a double-edged sword, but, Hey we kept the economy growing and in a society that prays at the altar of profit, that's all that matters!!

 

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