Boiling point

The women in

restaurant kitchens

tackling ‘macho’ hours

with new

shifts

and

rotas

Page 4

FT SPECIAL REPORT

Women in Business

FridayMarch 6 2020 http://www.ft.com/reports | @ftreports

Inside

Destination DC for

female ambassador

Karen Pierce’s move to

top Washington role

highlights UK diplomacy

Page 2

Remuneration

3 OpinionIsabel Berwick

on revealing her salary

3 Will transparency

close gender pay gap?

3 Myths debunked

Page 3

Clare Woodman

Career-shaping choices

in the male-dominated

world of City banking

Page 4

G

regg Lemkau, co-head of

investment banking at

Goldman Sachs, wants

some of his top people to

take a good, long break.

Specifically, thoseinvestment bankers

whoareabouttobecomefathers.

One of the most senior executives at

the Wall Street bank, Mr Lemkau is

among a growing band of male leaders

onWallStreettostepforwardas“allies”.

The move is part of the banking

industry’s strategy to improve gender

representation across the sector,partic-

ularlyintheupperechelons.

That is why Goldman hasjust started

offering male employees20 weeks paid

paternity leave. “I’m desperate for a

senior executive to do it,” says Mr Lem-

kau. Even if none come forward, he

believes the policy is beneficial because

even thinking about it encourages men

who “can’t fathom being away for that

long”toimaginewhatfemalecolleagues

facewhengoingonmaternityleave.

Taking paid time off and impressing

the boss may be one of the most pleas-

ant ways a man can become an ally in

women’s quest for advancement at

work.Butmaleleaderscanalsoemulate

figures such as Mr Lemkau, Bank of

America’sBernie Mensah, and Citi-

group’sPhil Drury by taking a lead role

in their businesses’ attempts to improve

genderdiversity.

Support from men in leadership roles

has a “really critical” role in solving fin-

ance’s gender problem, says Carolanne

Minashi, UBS’s global head of diversity

and inclusion. They still account for

most of the people who are in positions

ofpower.

Men can also assist by mentoring and

hiringmorewomen andbymodifying—

their behaviour. “The subtle things go a

longway,”saysMrDrury.“Thelanguage

intheelevator,whodoyouacknowledge

first when you walk into a room —that

uncomfortable feeling of being in a

groupwherewewereinaminority.”

Catalyst, a global non-profit dedicat-

ed to making workplaces “work for

women”,hasseenanincreasingfocuson

“developing male champions” since it

began researching the subject in 2009.

Nevertheless, in its latest research 74

per cent of the 178 businessmen sur-

veyed said “a sense that gender issues

Continued on page 5

Male advocates

step forward on

Wall Street

More men are allies for

female colleagues, but is

the move welcome?

Laura Noonan eportsr

‘You haven’t earned

your right to be here’

Women in construction

need on-site experience

to build their careers

Page 5

“I just always make stuff that I want to buy,” says

Marcia Kilgore, whose latest venture Beauty Pie

is powering a cosmetics revolution. She has

shown consumers the true cost of products and

upended the beauty industry’s traditional model.

Some entrepreneurs might be wary of upsetting

the big brands, she says, “but I’ve always been a bit

of an outsider and did my own thing”.Page 2

Marcia KilgoreOutsider shaking up beauty

‘The pool is

so deep you

can’t tell me

you can’t

find 250

capable

women you

can hire’

Gregg Lemkau,

to Goldman HR

MARCH 6 2020 Section:Reports Time: 3/3/2020- 18:32 User:harriet.arnold Page Name:WAB1, Part,Page,Edition:WAB, 1, 1