Your browser is not supported. please upgrade to the latest version of Google Chrome, Mozilla Firefox, Apple Safari or Microsoft Edge.

Melinda Gates is committing $1 billion to promote gender equality

Michelle Cheng

10/02/2019

Melinda Gates announced that she will be committing $1 billion over the next decade to expanding women’s power and influence in the United States. 

In an op-ed for Time magazine, the philanthropist and longtime women’s advocate notes that in 2018, there were more men named James running Fortune 500 companies than there were women in CEO roles at these firms, and only one CEO on the list was a woman of color. In political life, too, women remain severely underrepresented. Though making up 51% of the US population, women hold only 24% of the seats in Congress.

 

Gates’ reaction to those hard numbers is what she describes as “a complicated mix of outrage and optimism,” noting that “for most of our history, women’s absence from positions of power and influence wasn’t newsworthy; it was normal. The fact we’re now talking about these inequities is itself a sign of progress.”

To accelerate things, her company Pivotal Ventures will be putting money into initiatives addressing three main objectives: dismantling the barriers to women’s advancement (including bias and sexual harassment); creating new pathways for women in media, technology, politics, and others sectors “with outsized impact on our society”); and mobilizing investors, employees, and consumers to pressure companies in need of reform on diversity issues. Gates describes these three priorities in more detail in a recent piece for Harvard Business Review.

Read More 

    Gender Equity/Diversity
    Pay Gap/Parity Issues

Load older comments...

Loading comments...

Add comment

27

April 2020

You Are Not Alone If You Don't Care About Work During The Coronavirus Pandemic

30

October 2019

https://cdn.cnn.com/cnnnext/dam/assets/191014175414-20191014-colleague-bad-idea-large-teas...

22

April 2020

Give Your Workers the Latitude to Learn on the Job

22

April 2020

How To Deal With A Boss Who Micromanages Your Work From Home

20

March 2020

Want to Improve Your Company's Diversity? Go Remote.

You've Been Timed Out

Please login to continue