Before you tuck into the newsletter, we wanted to let you know: WE’RE HIRING! We’re looking to expand our team of diverse professionals who have a range of backgrounds, from banking and finance to journalism and investor relations. We offer the best possible platform to develop and grow, with strong training programs, a culture of team support and mentorship and excellent networking opportunities, all while advocating on behalf of our clients and providing strategic counsel in high-stakes situations. If you are interested in joining our team, reach out to careers@gladstoneplace.com and visit our website.
Now for the news…
Two studies point to significant improvements being made on the diversification of corporate boards, according to the Wall Street Journal. The new data show a sharp increase in the amount of black board nominees and women directors across the S&P 500. But the data also show that some boards are still dragging their feet when it comes to refreshing with new members. Half of public companies added no new directors over the past year, the Journal reports, a sign that the message from institutional investors is only going so far.
The spotlight on women business turned to shapeware brand Spanx this week, after Blackstone bought a minority stake in the business. The Blackstone deal team was made up entirely of women, who worked with Spanx founder Sara Blakely to seal the agreement for the company, which has since agreed to an all-women board.
Have a great weekend,
Mike and Chris
