As it sought to launch an effort to advance women in the company, American Express began by asking senior employees if they considered themselves ambitious and if they had ever publicly shared their desire to grow professionally.
"Unsurprisingly, our women told us 'yes, we're ambitious,' but what really surprised us is only a third of that group of women said they had ever publicly declared that ambition," Sonia Cargan, chief inclusion and diversity officer at American Express told Cheddar on Friday.
Internally, two years after asking those questions, more than 100 women have been promoted or entered the company at the executive level or above. Globally, women at the company are paid at parity to male counterparts, according to the company.
Now, Amex and the New York Women's Foundation will launch a joint program called "The Ambition Project" on International Women's Day March 8.
Part of the project’s goal is to create conversations both inside and outside the company to help women embrace and own their career goals.
"We want women to be ambitious for themselves and ambitious for others, whether that be for their professional life, personal life, or their communities," Cargan said.
Over the next year, the Ambition Project will share and spread blog posts and videos highlighting examples of success at all levels, host leaders and influencers to discuss professional growth, expand shadowing programs within the company, and publish research on the topic.
Federal regulators are investigating Chevrolet Volt hybrid cars after some drivers reported issues including sudden power loss and failure to restart.
Fed Chair Jerome Powell weighed in on interest rates, some of Tesla's cybertrucks have been delivered, Apple and Paramount have reportedly discussed bundling their streaming services together and Panera Bread has reportedly filed to go public.
Accounting firm PWC is facing a $7 million fine from U.S. regulators.
Build-A-Bear Workshop has been one of the most recognizable and beloved toy brands in the world since opening in 1997. Sharon Price John, CEO of Build-A-Bear Workshop, spoke with Cheddar News about its plans for the holiday season this year as well as the company's first animated feature film.
Pfizer will stop the development of its twice-daily weight loss pill due to adverse side effects.
Stocks were generally flat after the opening bell on Friday ahead of Federal Reserve Chair Jerome Powell's comments in a speech at Spelman College later. Investors are growing optimistic that the central bank is done raising rates and may start cutting next year.
Holiday shopping on a budget.
The network of nearly 4,800 fake accounts was attempting to build an audience when it was identified and eliminated by the tech company, which owns Facebook and Instagram.
Tesla Beginning Cyber Truck Deliveries Today
Someone in China created thousands of fake social media accounts designed to appear to be from Americans and used them to spread polarizing political content in an apparent effort to divide the U.S. ahead of next year's elections, Meta said Thursday.
