Mary Barra, GM’s first female CEO, is set to be paid half of what Dan Akerson, her male predecessor, made. Yes, half.
Barra will earn $4.4 million as opposed to Akerson’s 2012 earnings of $9.1 million (which comprised $1.7 million in salary and $7.3 million in stock awards). As a senior advisor, Akerson is now entitled to $4.68 million, which is still more than Barra is earning as CEO. With numbers this big being thrown around, the glaring question is whether anyone needs to be making millions of dollars each year. Of course not. I don’t think CEOs ever need to be making seven figures, but when the only reason one millionaire is making less than another millionaire is their gender, we have a different issue on our hands than the rich getting richer. [Jezebel, The Atlantic] [Image of money in wallet via Shutterstock]
Who knew? Life as a professional cheerleader can be a struggle. Lacey T, a 27-year-old Oakland Raiders cheerleader, filed a lawsuit against her team yesterday for wage theft and unfair labor practices. Her lawsuit is on behalf of all 40 Raiderettes, who earn only $1,250 annually. Some of her grievances are as follows: Keep reading »
Technology! Ain’t it grand? A new app called Quit Your Job will, yes, quit your job for you and it will do the whole thing via text. Seriously.
Keep reading »
The last time we checked in with “Tiger Mom” Amy Chua, she had just published a book, Battle Hymn Of The Tiger Mother, which argued that strict Chinese-style “tiger mother” parenting is superior to permissive, indulgent Western parenting. The Yale professor explained how her two daughters were never allowed playdates or sleepovers and were punished for not practicing music and studying constantly. She was successful, sort of: one daughter, Sophia, performed in Carnegie Hall at age 14 and is now a junior at Harvard.
Anyway, Amy Chua made a big kerfluffle in the media and sold lots of books. Now she and her husband, Jed Rubenfeld, who is also a media professor, are back with a new book. In The Triple Package: How Three Unlikely Traits Explain The Rise And Fall Of Cultural Groups In America, they argue that there are eight ethnic/cultural/religious groups who are the most successful in American society.
They are, in no particular order, Chinese, Jewish, Mormon, Indian, Iranian, Lebanese-American, Cuban exiles and Nigerian. Keep reading »
Despite the massive strides that have been made toward gender equality in the workplace, we still have a way to go. Is that the understatement of the century?
According to a report by the Pew Research Center, about 75 percent of young women think the United States needs to do more to create workplace equality. The pay gap is narrowing and women have a better shot at high-level employment than they once did, but that doesn’t mean the playing field is level just yet. Not surprisingly, lots of young women are just as skeptical about workplace equality as their moms and grandmothers were. Keep reading »
It’s 3:30. The afternoon is draaaaagggggiiinnnggg. Your coworker won’t stop clearing his throat. If you look at one more spreadsheet, your eyes will fall out of your head. There’s a bar down the street with 2-for-1 Coronas calling your name, but you need a rock solid excuse for cutting out early. That’s where the “Happy Hour Virus” comes in. Just go to the Happy Hour Virus website, choose a type of broken computer screen to simulate (choices include “kernel panic,” “broken monitor,” and “blue screen of death”), and voila: your computer will instantly “break,” allowing you to throw your hands up in exasperation, pack up you stuff, and head to happy hour. When you come back to work the next day, just hit the escape key to “fix” your computer and resume working — at least, until the next happy hour. [On The Media]
Global law firm Clifford Chance is under fire for distributing a five-page memo to female employees with specific dress code critiques and advice for how to conduct themselves professionally. Not surprisingly, the firm is now being criticized for a “sexist” focus on only their female employees.
I don’t disagree that a focus soley on the behavior and appearance of only female employees is sexist. Specific pieces of the advice are problematic.
But taken all together, is the advice Clifford Chance gave to its female employees wrong or bad? Nope. Keep reading »
Plenty of people write Internet comments, especially if they found a dead fly in their guacamole. But some Yelp reviewers want payment for their “writing,” which they claim is integral to the site’s success. A California class action lawsuit filed by a group of reviewers says they are actually unpaid employees. Yelp is in violation of the Fair Labor Standards Act, they claim, because the site “could not exist, nor make its enormous returns, without its domination and control over non-wage writers.” They even call the site a “slave ship.” Seriously? Keep reading »
UK woman Tracy Kenny, who has been collecting unemployment for the last 20 years, has been deemed fit to work once again by the government. But the 45-year-old mother of four says that is absolutely impossible due to her “shoe allergy.” Keep reading »