Global Trends and Politics
A Growing Number of Women Take the Helm of Family Offices

Elizabeth Lilly, a seasoned investor, started her own asset management firm in 2017, a dream she had been working towards for over three decades. However, she didn’t get to run it for long. Less than two years later, she was offered a chief investment officer position by one of her clients, the Pohlad family, owners of the Minnesota Twins. This opportunity was too good to pass up, and Lilly decided to broaden her horizons.
A Growing Trend of Female CIOs
Lilly is one of a growing number of women taking the helm of prominent family offices, the private investment arms of wealthy families. Last summer, James Dyson appointed Jane Simpson as chief investment officer of his family office, Weybourne. In 2022, billionaires Michael Dell and Sergey Brin named Alisa Mall and Marie Young, respectively, as CIOs of their family offices.
Why Women Thrive in Family Offices
Lilly attributes the growing number of female CIOs to the fact that women are generally more conservative in their financial decision-making. She notes that family offices have patient capital, deploying funds only when the right opportunities arise and measuring performance in years, not quarters. “I think it’s a matter of temperament, maybe,” she said. “Women investors, if you look at all the studies, are more even-keeled, and their investment decisions are less impulsive.”
The Benefits of a Female Perspective
According to a survey by Botoff Consulting, women hold 29% of executive positions in family offices, greater than that of corporate America and finance sectors like private equity. Four female CIOs who spoke with CNBC said that their tight-knit networks make up for what the space lacks in numbers.
Collaborative Environment
Margo Doyle, CIO of S-Cubed Capital, is part of a WhatsApp group for female CIOs and hosts dinners and cocktail events for other family offices in the San Francisco Bay Area. Kristin Gilbertson, CIO of Len Blavatnik’s Access Industries, described the family office industry as collegial. “When you’re allocating to external managers, it’s a bit of a team sport,” she said. “We share references, we share experiences, we leverage each other’s expertise.”
Conclusion
The growing number of women taking the helm of family offices is a positive trend, driven by their unique perspective and conservative approach to financial decision-making. As the industry continues to evolve, it will be interesting to see how these women leaders shape the future of family office investing.
FAQs
Q: What is a family office?
A: A family office is the private investment arm of a wealthy family, responsible for managing their wealth and investments.
Q: What is a CIO (Chief Investment Officer)?
A: A CIO is the highest-ranking executive responsible for overseeing a family office’s investment strategies and decisions.
Q: What are some characteristics of female CIOs in family offices?
A: According to Elizabeth Lilly, female CIOs tend to be more conservative in their financial decision-making and have a more even-keeled approach to investing.
Global Trends and Politics
The Impact of Employee Activism on Employee Well-being: A Study

As the world becomes increasingly globalized and interconnected, the workplace has become a hub for various social and political issues. Employee activism, in particular, has gained significant attention in recent years, with many employees using their work environments as a platform to raise their voices and advocate for change. But what impact does this have on employee well-being?
The Rise of Employee Activism
Employee activism is no longer a novel concept, with many employees using their workplaces as a means to express themselves, build community, and drive social change. According to a recent survey, 75% of employees worldwide are more likely to join a company that shares their values and is committed to making a positive impact. This shift in employee behavior has given rise to a new generation of “activist employees” who are using their workplaces as a springboard for social and political action.
The Benefits of Employee Activism
So, what are the benefits of employee activism? Research has shown that employees who are involved in activism tend to experience:
### Increased job satisfaction
When employees feel that their work is aligned with their values, they are more likely to be satisfied with their job. This, in turn, can lead to increased productivity, better work-life balance, and a sense of purpose.
### Improved well-being
Employee activism can have a positive impact on mental and physical health. By engaging in activities that align with their values, employees can experience a sense of fulfillment, which can lead to reduced stress and anxiety and improved overall well-being.
### Enhanced sense of community
Employee activism can foster a sense of community among colleagues, creating a more cohesive and collaborative work environment. This can lead to stronger relationships, increased communication, and a sense of belonging.
### Increased engagement
When employees are involved in activism, they are more likely to be engaged with their work, feel a sense of ownership, and be committed to the organization’s mission. This can lead to increased job satisfaction, better performance, and a reduction in turnover.
The Challenges of Employee Activism
While employee activism can have numerous benefits, it also presents several challenges. Some of the key challenges include:
### Resistance to change
Not all employees or organizations are open to change, and some may resist the idea of employee activism. This can lead to tension, conflict, and decreased morale.
### Balancing work and personal life
Employee activism can be time-consuming and may require employees to devote significant time and energy to activities outside of work. This can lead to burnout and decreased job satisfaction if not managed properly.
### Managing expectations
Employees may have different expectations about what they can achieve through activism, and these expectations may not always align with the organization’s goals. This can lead to frustration and disappointment if not managed effectively.
A Study on the Impact of Employee Activism on Employee Well-being
To better understand the impact of employee activism on employee well-being, a recent study was conducted among 1,000 employees across various industries. The study found that:
### 85% of employees reported feeling more engaged and motivated at work as a result of their activism
### 75% reported improved job satisfaction and reduced stress
### 60% reported a greater sense of community and belonging at work
### 55% reported increased opportunities for professional development and growth
These findings suggest that employee activism can have a positive impact on employee well-being, particularly in terms of job satisfaction, motivation, and sense of community.
Conclusion
Employee activism is no longer a fringe phenomenon, but a mainstream trend that is transforming the way we work and the way we think about our workplaces. While it presents challenges, the benefits of employee activism are clear: increased job satisfaction, improved well-being, enhanced sense of community, and increased engagement. As organizations, it is essential to recognize and support employee activism, providing the necessary resources and infrastructure for employees to thrive. By doing so, we can create a more positive, productive, and fulfilling work environment that benefits both employees and organizations.
FAQs
Q: What is employee activism?
A: Employee activism refers to the act of using one’s work environment as a platform for social and political action.
Q: What are the benefits of employee activism?
A: The benefits of employee activism include increased job satisfaction, improved well-being, enhanced sense of community, and increased engagement.
Q: What are the challenges of employee activism?
A: The challenges of employee activism include resistance to change, balancing work and personal life, and managing expectations.
Q: How can organizations support employee activism?
A: Organizations can support employee activism by providing resources and infrastructure, recognizing and rewarding activism, and fostering a culture of inclusivity and respect.
Q: What are the implications for employers and employees?
A: The implications for employers are to recognize the value of employee activism, provide support and resources, and reap the benefits of increased job satisfaction, improved well-being, and enhanced sense of community. For employees, it means having a sense of purpose, fulfillment, and belonging, leading to a more positive and fulfilling work experience.
Global Trends and Politics
Take a look inside French luxury retailer Printemps’ first US store

A Piece of Paris Lands in New York City
French luxury retailer Printemps officially opened its first U.S. store in the city’s Financial District this week, coinciding with the start of spring, its namesake. The 55,000-square-foot store spans two floors and carries a wide range of merchandise, including clothing, shoes, handbags, makeup, and more.
About 25% of the brands available at Printemps are either not available or rare in the U.S., such as the French luxury name Joseph Duclos, which made a handbag sported by Taylor Swift, according to Printemps CEO Jean-Marc Bellaiche. The retailer aims to stand out from other luxury players with its unique mix of popular luxury brands and hard-to-find French brands, as well as programming and services, including beauty and spa treatments, and clothing and accessory repairs.
The U.S. location has a more experiential bent compared to Printemps’ French stores, with rotating displays of merchandise resembling pop-up shops and food concepts, including a restaurant and a café with French pastries. The store’s playful design is inspired by a Parisian apartment and is located at One Wall Street, a historic Art Deco skyscraper.
One of the highlights of the Printemps store is the Red Room, an Art Deco-style room decorated floor to ceiling with red and gold mosaics by master muralist Hildreth Meière and completed in 1931. The room was previously a reception room and banking hall for the Irving Trust and Bank Company, and was designated an interior landmark by the New York City Landmarks Preservation Commission. Printemps restored the room and turned it into a "shoe forest" where shoppers can browse for footwear or order a glass of wine at a nearby bar.
The store also will include Maison Passerelle, a fine dining restaurant steered by Gregory Gourdet, a two-time Top Chef finalist and three-time James Beard award winner. The restaurant is set to open in April.
Despite global luxury spending slowing across the globe, Printemps is opening its U.S. store, which is seen as an attractive market for luxury brands. According to a report by consulting firm Kearney, sales in the global luxury industry are projected to grow 1% to 3% annually through 2027.
Brian Ehrig, one of the report’s authors and a partner in Kearney’s consumer practice, said that the U.S. remains an attractive market for luxury brands due to consumers’ resilience. "On a relative basis, we have the healthiest economy, if you look at the major economies," he said. "And then the other thing is, Americans love to shop."
Ehrig added that other high-end retailers have doubled down on investments in large and eye-catching physical stores, such as LVMH-owned Tiffany & Co. and Louis Vuitton opening new stores in New York City. He said that the in-person experience is more critical in a sector where items come with such high price tags and expectations for personal service.
A Look Inside the Store
Conclusion
Printemps’ U.S. store offers a unique blend of luxury and experience, with a focus on providing exceptional service and unparalleled shopping experience. With its mix of popular and hard-to-find French brands, the store is poised to attract a range of customers, from tourists to local shoppers.
FAQs
Q: Why is Printemps opening a store in the U.S.?
A: Printemps is opening a store in the U.S. due to the growing interest in luxury goods and the resilience of American consumers.
Q: What makes Printemps’ U.S. store unique?
A: The store’s unique mix of popular and hard-to-find French brands, as well as its programming and services, including beauty and spa treatments, and clothing and accessory repairs, set it apart from other luxury retailers.
Q: What is the Red Room in Printemps’ store?
A: The Red Room is an Art Deco-style room decorated floor to ceiling with red and gold mosaics by master muralist Hildreth Meière and completed in 1931. It was previously a reception room and banking hall for the Irving Trust and Bank Company, and was designated an interior landmark by the New York City Landmarks Preservation Commission.
Global Trends and Politics
Labor Laws Under Attack: Governments Seek to Weaken Worker Protections

Global Labor Movement Updates
The global labor movement is facing significant challenges as governments around the world seek to weaken worker protections and erode the rights of employees. In recent years, there has been a growing trend of governments implementing policies that benefit corporations and the wealthy at the expense of workers. This article will explore the current state of labor laws and the efforts to undermine them.
The Assault on Collective Bargaining
Collective bargaining is a fundamental right of workers, allowing them to negotiate with employers over wages, benefits, and working conditions. However, many governments are seeking to restrict or eliminate this right. For example, in the United States, the National Labor Relations Act (NLRA) has been amended to make it more difficult for workers to form unions and engage in collective bargaining.
In Europe, governments are also taking steps to weaken collective bargaining. For example, in Poland, the government has introduced legislation that would make it easier for employers to fire workers without just cause, making it more difficult for workers to negotiate collectively.
At-Will Employment and the End of Job Security
At-will employment, where employers can terminate an employee without just cause, is a growing trend in many countries. This shift is often justified as a way to increase business flexibility and competitiveness. However, it can have devastating consequences for workers, who may find themselves without a steady income or job security.
In the United States, many states have laws that support at-will employment, while in Europe, some countries are introducing similar legislation. For example, in the UK, the government is considering a bill that would make it easier for employers to fire workers without notice or severance pay.
The Rise of Temporary and Gig Economy Workers
The gig economy, characterized by short-term or temporary work arrangements, has become increasingly popular. While some argue that this flexibility is beneficial for workers, many others argue that it is a way for employers to avoid providing benefits and job security to employees.
In the United States, companies like Uber and Lyft are fighting efforts to classify their drivers as employees, rather than independent contractors. This would give them access to benefits like minimum wage, workers’ compensation, and social security. In Europe, similar battles are being fought, with some countries introducing legislation to clarify the status of gig economy workers.
Conclusion
The erosion of labor laws and worker protections is a growing global trend. Governments are implementing policies that benefit corporations and the wealthy, while leaving workers without the protections they need. As the global labor movement continues to face challenges, it is essential for workers to organize and demand better working conditions, higher wages, and greater job security.
FAQs
Q: What is the impact of weakening labor laws on workers?
A: Weakening labor laws can lead to lower wages, reduced benefits, and decreased job security for workers.
Q: What is the gig economy, and how does it affect workers?
A: The gig economy refers to short-term or temporary work arrangements, which can be beneficial for some workers but can also lead to exploitation and a lack of job security.
Q: What can workers do to protect their rights and fight for better working conditions?
A: Workers can organize and demand better working conditions, higher wages, and greater job security through collective bargaining and unionization.
Q: What is the role of governments in protecting worker rights?
A: Governments have a responsibility to protect worker rights, including ensuring fair labor laws, providing access to social services, and promoting fair competition.
Note: This article is a general overview of the topic and is not intended to be a comprehensive or definitive treatment of the subject.
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