The statistics of women in executive levels are staggering. JPMorgan Chase's Chief Marketing Officer Kristin Lemkau explains how she is championing change within her company, and across the financial industry.
"There's no substitute for representation," says Lemkau. "It's really important to have the right kind of women in those jobs who will be really honest about some of the challenges that it takes to get there, and not pretend the myth 'we have it all.'"
Women hold only 23% of executive posts with the word "chief" in the title, according to consulting firm Korn Ferry. But only 3 percent of women of color are in the C-Suite, according to McKinsey & Company.
"We are entering a new era of sisterhood where women really look out for each other," says Lemkau. "I think whether it's the women's march, or me too, or times up its changing across industries and women have realized if we stick together there's going to be much more power in the pack than in the individual."
Joe Cecela, Dream Exchange CEO, explains how they are aiming to form the first minority-controlled company to operate an exchange in U.S. history. Watch!
A Michigan judge is putting sponges in the hands of shoplifters and ordering them to wash cars in a Walmart parking lot when spring weather arrives. Genesee County Judge Jeffrey Clothier hopes the unusual form of community service discourages people from stealing from Walmart. The judge also wants to reward shoppers with free car washes. Clothier says he began ordering “Walmart wash” sentences this week for shoplifting at the store in Grand Blanc Township. He believes 75 to 100 people eventually will be ordered to wash cars this spring. Clothier says he will be washing cars alongside them when the time comes.
The State Department had been in talks with Elon Musk’s Tesla company to buy armored electric vehicles, but the plans have been put on hold by the Trump administration after reports emerged about a potential $400 million purchase. A State Department spokesperson said the electric car company owned by Musk was the only one that expressed interest back in May 2024. The deal with Tesla was only in its planning phases but it was forecast to be the largest contract of the year. It shows how some of his wealth has come and was still expected to come from taxpayers.
