Professor discusses gender inequality in business

first_imgNotre Dame psychology professor Anre Venter broached the issue of gender inequality in investment careers during a talk Tuesday in the Mendoza College of Business. The talk was sponsored by the Smart Women Securities ND chapter, a new club modeled after an organization at Harvard that aims to develop skills in financing and investing.Venter began his talk with an overview of his experience in the business world, which he said included nine years in human resources and management without much focus on investment banking.“I have to begin with an intellectually honest statement. I know almost nothing about behavioral economics and even less about the psychology of investing,” Venter said. “However, growing up as a white South African in an extremely conservative and sexist society, I know a lot about sexism.”Acknowledging the degrees of institutionalized sexism in the workplace, Venter analyzed career prospects for women in business.“As a social psychologist, I find that environments influence behavior even more than our own personalities do,” Venter said. “Women have to be aware that the work environment is a male-dominated, patriarchal world where men are used to making the decisions.”In the field of investment banking, only 25 percent of positions are held by women, with about 11 percent in management and a mere 3 percent in the role of CEO. Discrepancies in pay are also prevalent, and Venter said women earn less directly after finishing MBA programs than equally-qualified men — as little as 79 cents to every dollar.To make sense of this inequality, Venter cited 15 studies in which participants were given money to invest in testing peoples’ aversions to risky and ambiguous investments.“In the most extreme case, men invested 80 percent of what they were given while women invested 48 percent,” he said. “The tendency holds up across the board: men took greater risks and women were more risk-averse. Women dealt with ambiguity better than men and invested more in uncertain stocks.”Despite the differences in risk-taking, Venter said women investors outperform their male counterparts by 2 to 3 percent, and the reason involves biology.“Testosterone levels are linked to irrational levels of exuberance in trading,” he said. “When men lose, they lose big.“With only 10 percent of the testosterone of men, women are less emotionally attached to their trades and less likely to hold onto bad stocks. They tend to make less on the way up but lose less on the way down.”Venter said this data could suggest a need for more women in the field of investing, even though fewer women are entering the sectors of finance and investment banking.The male-domination of the field, Venter said, may have to do with men being favored in the performance review process that determines raises and promotions.“The tendency of male reviewers to provide other men with more help, guidance and mentoring creates an ‘old boy’s club’ in which woman have a more difficult time advancing,” he said. “Women in advising roles just tend to be in less powerful positions than men.”Venter said women entering into careers in investment banking may be able to create change, but not without difficulties.“When you’re a junior-analyst, [you’re] thinking you’re going to change the system when you enter. But, five years down the road, once you’ve been socialized into it, affecting change will be that much harder,” he said.Tags: anre venter, gender inequality, human resources and management, institutionalized sexism, investment, investment banking, investment careers, mendoza college of business, psychology of investing, smart women securities ND chapterlast_img read more

National Trust Lends Support to Vermont Tech

first_imgNational Trust Lends Support to Vermont Tech RANDOLPH CENTER, VtVermont Technical College this week was awarded a $2,000 matching grant from the National Trust for Historic Preservation to hire a historic preservation architect to review plans for the renovation of the historic Allen House, which stands at the colleges main entrance in Randolph Center, VT.Vermont Tech was among several grant recipients selected this summer following a competitive application process from applicants across New England and Delaware, New Jersey, New York and Pennsylvania.With these start-up dollars, said National Trust Northeast Regional Office Director Wendy Nicholas, Randolph Center, Vermont joins hundreds of other communities across the country that are actively ensuring that Americas architectural and cultural heritage is preserved.When completed, the Allen House will serve as the home of Vermont Techs Center for Sustainable Practices.Through its Preservation Fund, the National Trust offers small matching grants to nonprofit groups and public agencies to support a wide range of local historic preservation projects across the nation.The National Trust for Historic Preservation, chartered by Congress in 1949, is a nonprofit organization with more than 270,000 members. As the leader of the national preservation movement, it is committed to saving Americas diverse historic environments and to preserving and revitalizing the livability of communities nationwide. The northeast Office coordinates the programs of the National Trust within the ten northeastern states and provides a wide range of services adapted to the needs of the region.last_img read more

A branding pandemic for credit unions

first_imgJust as TV viewership is going up – 46% among teens – I’ve been tempted to tune out. This short YouTube video comically explains the glut of COVID-19 message out there. Another clever video captures the uncertainty of what we can do to fight the virus.I don’t intend to bemoan the “we’re all in this together” message. We should all be united to support the pandemic’s real heroes.However, there are some bandwagon brands where there promise is nothing more than lip service. After all, if we weren’t “in this together” before COVID-19, what would make our members or prospects believe our credit union is now?We do not rise to the level of our expectations. We fall to the level of our preparedness. There were 5,235 credit unions at the end of 2019. How many will we lose in 2020? Your credit union’s success depends on the cooperation and loyalty of your members. To do this, you must affirm what their ideals are and encourage them to go after it.During this time of uncertainty, it is easy to take a tactical approach, toss vision and branding aside, and let the unusual amount of distractions and self-doubt overwhelm you and your team. 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

Leadership Matters: 5 things COVID-19 taught us to make us better leaders

first_imgIt was John F. Kennedy who once said, “When written in Chinese, the word ‘crisis’ is composed of two characters. One represents danger and the other represents opportunity.”The same can be said for the COVID-19 pandemic, which has devastated the economy, taken lives and challenged organizations to maintain business while also protecting their customers and employees. Being tossed in the fire, however, has taught us valuable lessons that have strengthened us as leaders. Here are five lessons we’ve learned from the COVID-19 crisis.No. 1: AgilityWhen faced with an uncertain, complicated and rapidly changing crisis such as COVID-19, having agility and being able to move quickly has shown to be of the upmost importance to protect employees and prevent spread of the virus. When news of the pandemic broke, Kinecta Federal Credit Union executives met and decided to immediately implement a mandatory work-from-home program for non-member-facing roles, postpone all events and in-person meetings, discontinue gym activities and provide daily updates to employees. Additionally, to administer the Paycheck Protection Program, our bankers and financial experts had to quickly learn how the PPP business loan program works and how to navigate the website. We also made changes to accommodate and protect our most vulnerable members. For instance, we opened an hour early to service only senior citizens and high-risk individuals. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Paper issues

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

Mr. Mitchel Lee “Mitch” Barnes

first_imgMr. Mitchel Lee “Mitch” Barnes, age 56, of Vevay, Indiana, entered this life on July 15, 1960, in Indianapolis, Indiana, the son of, Jerry Lee and Linda Lee (Profitt) Barnes. He was raised in Indianapolis, Indiana where he was a 1979 graduate of John Marshall High School. Mitch was united in marriage to Terri Stout and to this union arrived three sons, Jeff, Jonathan and Justin to bless their home. Mitch was later united in marriage on February 14, 2003 in Gatlinburg, Tennessee, to Cynthia Lynn “Cyndi” Seymour and he inherited two more sons, Jamin and Aaron. Mitch and Cyndi shared 13 years of marriage together until his death. Mitch owned and operated Mitch’s Garage in Florence, Indiana from 1996 to 2000. Mitch was later employed for Belterra Casino & Resort in Florence, Indiana from 2000 to 2005. In 2005, Mitch was employed as a Correctional Officer for the Switzerland County Sheriff’s Department in Vevay, Indiana. He was later employed in maintenance for the Switzerland County Courthouse from 2010 to October 2015 when he became disabled. Mitch resided in the Vevay community since 1993. He enjoyed coaching soccer for the Switzerland County High School. He also coached the Vevay Switzerland County Little League where he was famous for saying, “A little poke brings in one.” Mitch enjoyed the Ohio River and spending time with his grandkids. You could always bet Mitch would be sitting on the front porch at his house or if you passed him on the road in his truck where you would always expect a nice gester….well most of the time. Mitch will be dearly missed by his loving family and friends. Mitch was welcomed home with open arms from his son, Jon. Mitch passed away at 6:55 pm, Wednesday, August 17, 2016, at his residence in Vevay, Indiana.Mitch will be dearly missed by his loving wife of 13 years: Cynthia Lynn “Cyndi” (Seymour) Barnes of Vevay, IN; his sons: Jeff Barnes and his wife: Chasity of Vevay, IN, Justin Barnes and his wife: Amanda of Vevay, IN, Jamin Moore of Killeen, TX and Aaron Moore and his wife: Audi of Indianapolis, IN; his grandchildren: Brayden, Braylon, Kaydence, Brooklyn, Adalynn and Josie; his parents: Jerry Lee and Linda Lee (Profitt) Barnes of Vevay, IN; his father-in-law: Charles H. “Charlie” Seymour of Vevay, IN; his sister: Cynthia Barnes-Phillips and her husband: Jerry of Indianapolis, IN; his brothers: Steven Barnes and his wife: Sandra of San Antonio, TX and Ed Barnes and his wife: June of Noblesville, IN and his several nieces and nephews.He was preceded in death by his son: Jonathan Ryan “Jon” Barnes, died August 19, 2009; his mother-in-law: Carol June (Hill) Seymour, died July 23, 2014; his maternal grandparents: Denver and Annis (Webb) Profitt and his paternal grandparents: Glenn and Lucille (Ruark) Barnes.Funeral services will be conducted Wednesday, August 24, 2016, at 11:00 am, by Rev. Ron Lee at the Haskell & Morrison Funeral Home, 208 Ferry Street Vevay, Indiana 47043.Friends may call 4:00 pm – 8:00 pm, Tuesday, August 23, 2016, at the Haskell & Morrison Funeral Home 208 Ferry Street Vevay, Indiana 47043.Memorial contributions may be made to the Multiple Sclerosis Society. Cards are available at the funeral home.last_img read more

Investigation Results in the Arrest of a Brookville Resident

first_imgBrookville, IN—In the early morning hours of August 23, officers with the Brookville Police Department responded to 52 Pick-Up Gas Station regarding a report of a suspicious substance found by a customer in the parking lot. Upon arrival to the scene, officers retrieved a clear zip-lock bag containing a white crystalline substance believed to be methamphetamine.Officers began an investigation by reviewing security footage and collecting witness statements. During the security video review, officers were able to identify Bill Conn of Brookville, Indiana as the individual who dropped the substance.On November 10,  officers responded to Conn’s residence on US Highway 52 and arrested him. As a result of this investigation, Bill Conn of Brookville, Indiana is charged with and allegation of Possession of a Methamphetamine.last_img read more

I’m receiving more offers now that 10 years ago — Ibrahimovic

first_imgRelatedPosts Live stream Premier League, La Liga, Serie A on Showmax Pro this weekend Juve’s Pirlo gamble makes new Serie A season the most open for years Pirlo bags UEFA coaching badge Zlatan Ibrahimovic says he is more in demand at the age of 38 than he was 10 years ago and is adapting his game as he gets older. The Swedish forward said this as he was officially presented by AC Milan on Friday. Ibrahimovic has rejoined the club he left seven years ago for a six-month stint, with an option to extend his stay. But there are questions over how much impact he can have on the fallen giants who are languishing in 11th in Serie A. In their last match, AC Milan produced a pitiful display as they were thumped 5-0 at Atalanta, their joint-heaviest Serie A defeat. Ibrahimovic helped AC Milan win their last major trophy, the Serie A title in 2010/2011. He left to join Paris St-Germain the following year in a move that he said on Friday was against his will. The Swede has been a free agent since leaving Los Angeles Galaxy in November. “At 38, I have received more offers than at 28,” he told reporters. “The last time I left AC Milan, it was without my approval. But the situation was what it was… The important thing is that I am here now”. Ibrahimovic said he still had passion for football but had learned to adapt with age. “Each year is different. Physically you change with every year that goes by,” he added. “But experience teaches you to do things differently. If you’re an intelligent player, you know what you can and cannot do… Instead of running, I can shoot from long distance”. The forward however promised he would not go easy on his younger team mates. “I’m meaner than before,” he said. “They know what I am like, how I train and play each match. “You have to work hard. You have to know how to suffer, otherwise you don’t reach your maximum potential. “Not everyone likes to suffer but I do… and I expect a lot from my team mates.” AC Milan’s next match is at home to Sampdoria in Serie A on Monday. There was however no mention of whether Ibrahimovic, who has not played since October, would make his debut that quickly.Tags: AC MilanSerie AZlatan Ibrahimoviclast_img read more

Monk confirms Williams talks

first_img ” We are in negotiations with his (Williams’) representatives and trying to put a deal across so that Ash will be here for the future of the club,” Monk told the South Wales Evening Post. ” I know Ash wants that, I want that, the club wants that, and that’s what we are working towards as we speak.” As for Ivory Coast forward Bony, Monk added: ” I spoke to him at the end of the season and he knows how I feel, he knows how the club feels, he knows what I expect from him. “I just want him to concentrate on the World Cup, have a good World Cup and he will be coming back as a Swansea City player.” Press Association Swansea manager Garry Monk has confirmed the club are in talks with captain Ashley Williams about a new contract. center_img Wales international defender Williams has been a reported target for Swansea’s Barclays Premier League rivals Arsenal and QPR. But Monk says he is hopeful that both Williams and World Cup-bound striker Wilfried Bony will remain with the Swans. last_img read more

Fly JetBlue, Wear a Mask

first_imgNEW YORK — JetBlue Airways is saying that they will require all passengers to wear facemasks before and during their flight beginning next month.JetBlue instituted the new rule amid the COVID-19 pandemic and the policy goes into effect May 4, making JetBlue the first major U.S. airline to enforce such a rule.The announcement comes as the airline required all crewmembers to wear one while working.“Wearing a face covering isn’t about protecting yourself it’s about protecting those around you,” Joanna Geraghty, JetBlue’s president and CEO said in a press release. “This is the new flying etiquette. Onboard, cabin air is well circulated and cleaned through filters every few minutes but this is a shared space where we have to be considerate of others. We are also asking our customers to follow these CDC guidelines in the airport as well.”Passengers must wear face-coverings during check-in, boarding, during the flight and deplaning, JetBlue said. Small children who are not able to keep the face-covering on are exempt from the rule, according to the airline.last_img read more