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Sexual Harassment Is Bad Business. Now What?

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NEW YORK, NY - DECEMBER 09: People carry signs addressing the issue of sexual harassment at a #MeToo rally outside of Trump International Hotel on December 9, 2017 in New York City. (Photo by Stephanie Keith/Getty Images)

Sexual harassment and sexual misconduct conversations are finally consuming our dining rooms and our boardrooms. For many of us who have grown up in the corporate world, the stories we hear on the television are not new; however, they are now being exposed and discussed. And, corporate executives are beginning to realize that this behavior is bad business.

The stories of sexual harassment in the workplace have become very personal for me. My daughter, Kyle Godfrey-Ryan, came forward recently to speak about being a victim of sexual harassment; her goal is to support other victims and let the healing begin. In Kyle’s op-ed piece in CNN, she articulates her thesis; I worked for Charlie Rose. Calling him a villain isn’t the answer.

Gender Discrimination Is Bad For Business: Show Me The Money

Sallie Krawcheck, CEO of Ellevest, a digital financial advisement company for women, understands how gender discrimination is bad for business. The past president of the Global Wealth Management division for Bank of America states in her New York Times piece that, “Homogeneity has led Wall Street firms to travel in packs…” and white men still lead the Wall Street pack.  She eloquently points out that this lack of diversity has led to several financial disasters and argues that indeed this is bad business. Krawcheck goes on to say that “… one can draw a line from the gender discrimination on Wall Street through to the lack of women — and lack of diversity of thought — in the industry to increased risk and to the financial crisis.”

It’s not just the composition of the workplace that affects the bottom line. The Bill O’Reilly case is a perfect example.  O’Reilly was a big money-earner for Fox News, and the executives knew about the sexual harassment charges; however, they chose to leave him on air until significant advertisers started to boycott.  “After weeks of public criticism — and an advertising boycott involving more than 80 companies — Fox News… dropped Bill O’Reilly…” Women are finding a new power – their social media voice – and advertisers are listening.

Have We “Come A Long Way, Baby?”

What was a marketing campaign for the popular cigarette brand, Virginia Slims, has become a real tale of feminism in the United States. “You’ve come a long way, baby” depicts our struggle to have a seat at the management desk and the boardroom table, as equals, with our male counterparts. We’re not there yet, especially when it comes to sexual harassment.

We thought that the first step in battling sexual harassment was education. Check that off the list. The Class of 2017, considering all degrees, has 141 women graduating as compared to 100 men, according to the National Center for Education Statistics.

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NEW YORK, NY - DECEMBER 09: People carry signs addressing the issue of sexual harassment at a #MeToo rally outside of Trump International Hotel on December 9, 2017 in New York City. (Photo by Stephanie Keith/Getty Images)

Sexual harassment and sexual misconduct conversations are finally consuming our dining rooms and our boardrooms. For many of us who have grown up in the corporate world, the stories we hear on the television are not new; however, they are now being exposed and discussed. And, corporate executives are beginning to realize that this behavior is bad business.

The stories of sexual harassment in the workplace have become very personal for me. My daughter, Kyle Godfrey-Ryan, came forward recently to speak about being a victim of sexual harassment; her goal is to support other victims and let the healing begin. In Kyle’s op-ed piece in CNN, she articulates her thesis; I worked for Charlie Rose. Calling him a villain isn’t the answer.

Gender Discrimination Is Bad For Business: Show Me The Money

Sallie Krawcheck, CEO of Ellevest, a digital financial advisement company for women, understands how gender discrimination is bad for business. The past president of the Global Wealth Management division for Bank of America states in her New York Times piece that, “Homogeneity has led Wall Street firms to travel in packs…” and white men still lead the Wall Street pack.  She eloquently points out that this lack of diversity has led to several financial disasters and argues that indeed this is bad business. Krawcheck goes on to say that “… one can draw a line from the gender discrimination on Wall Street through to the lack of women — and lack of diversity of thought — in the industry to increased risk and to the financial crisis.”

It’s not just the composition of the workplace that affects the bottom line. The Bill O’Reilly case is a perfect example.  O’Reilly was a big money-earner for Fox News, and the executives knew about the sexual harassment charges; however, they chose to leave him on air until significant advertisers started to boycott.  “After weeks of public criticism — and an advertising boycott involving more than 80 companies — Fox News… dropped Bill O’Reilly…” Women are finding a new power – their social media voice – and advertisers are listening.

Have We “Come A Long Way, Baby?”

What was a marketing campaign for the popular cigarette brand, Virginia Slims, has become a real tale of feminism in the United States. “You’ve come a long way, baby” depicts our struggle to have a seat at the management desk and the boardroom table, as equals, with our male counterparts. We’re not there yet, especially when it comes to sexual harassment.

We thought that the first step in battling sexual harassment was education. Check that off the list. The Class of 2017, considering all degrees, has 141 women graduating as compared to 100 men, according to the National Center for Education Statistics.

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