| View this email in your browser. February 4, 2021
Good morning, Broadsheet readers! Three women earn Golden Globe director noms, Bumble prices its IPO, and new research finds that men overwhelmingly want to be equal partners in caregiving—but few are actually doing it. Have a good Thursday.
– Just do it. As Fortune has reported (again and again), getting women’s careers back on track in a post-COVID world will require strong action from both government and employers. But when it comes to who does what in our daily lives, the responsibility hits, well, closer to home.
This morning, Fortune’s Maria Aspan reports on fresh research from New America, which sheds light on some of these caretaking dynamics. The think tank finds that 80% of men—and 91% of all survey respondents—say men and women should share care work equally. So far, so good. But, here’s the rub: only 46% of respondents said that’s what happens in real life.
New America kept digging, and found that many of the men who do take on a significant portion of caretaking have something in common: they’ve done it before. Indeed, many of these men are or have been “high-intensity” caregivers, responsible for an adult, or a child with medical or behavioral issues.
“Whether they choose to, or they have to—[that experience as a caregiver] that’s what changes them. That’s this transformative experience in their lives,” Brigid Schulte, director of New America’s Better Life Lab and author of the report, tells Maria. “So as a society, how do we get men from this abstract notion that care is valuable, and that they should do it, to actually doing it?”
From a societal perspective, surely one of the answers to this question is to support caregivers so they no longer have to choose between their jobs and their loved ones. (The survey finds that men who are high-intensity caregivers have faced many of the same career setbacks that the pandemic is now dealing out to women.) But on the level of individual households, the research suggests that the only way to solve this chicken-and-egg dilemma is for dads to just do it: stop thinking or talking about “pitching in” and start not just helping, but actually owning the responsibility for caretaking.
Easier said than done, I suppose. But if women can handle it, I trust men can too.
Kristen Bellstrom
[email protected]
@kayelbee
Today’s Broadsheet was curated by Emma Hinchliffe.
A note from Fortune What you need to know in this moment of change Unlock market insights from leading experts and news analysis that gives you an edge. Save 40% with an annual premium subscription. Subscribe now ALSO IN THE HEADLINES
- Noms and snubs. This year's Golden Globe nominations come with a milestone: three women are nominated for best director. Emerald Fennell, Regina King, and Chloé Zhao are nominated for their films Promising Young Woman, One Night in Miami, and Nomadland. But the award shortlists came with some snubs: Michaela Coel's I May Destroy You, one of the most critically acclaimed series of the year, wasn't nominated. Guardian
- Flying high. Dating app Bumble priced its IPO between $28 and $30 per share. The top end of that range would value the company founded by Whitney Wolfe Herd at more than $6 billion, including debt. Bloomberg
- In Sotomayor's court. On the new conservative Supreme Court, is Justice Sonia Sotomayor the successor to Ruth Bader Ginsburg? If Justice Stephen Breyer retires, she would be the seniormost member of the court's liberal wing. This piece examines how Sotomayor's leadership would reshape the court. New York Magazine
- First couple. President Joe Biden and First Lady Jill Biden gave their first interview since moving into the White House. The couple talked about becoming "stronger in the fractured places" through grief and loss; running an administration where family members don't have offices in the West Wing; and taking turns supporting each other throughout their marriage. Dr. Biden also discussed her teaching and students. People
MOVERS AND SHAKERS: Incoming CEO Jane Fraser formed a new global operating team at Citigroup; along with the restructuring, Fraser named as her chief of staff Margo Pilic, currently finance lead for the Latin America institutional clients group. Actor Tracee Ellis Ross will serve as a diversity and inclusion adviser to Ulta Beauty. Universal Music Group named Menna Demessie, previously with the Congressional Black Caucus Foundation, SVP and executive director of its Task Force for Meaningful Change. Northwestern Mutual hired S&P Global's Laura Deaner as chief information security officer. Genesys named Kelly Battles to its operating committee and Sharon Virag as chief accounting officer.
CONTENT FROM PWC What’s keeping companies from doing better? Sixty-eight percent of leaders believe their business serves the greater good, but only 15% of the wider public agrees. We need to act to help close the gap. We recently surveyed US business leaders, employees and the public to understand what fosters and inhibits trust. These findings shaped actionable steps to help companies fight for social justice and take action, Now.
IN CASE YOU MISSED IT
- Don't want no scrubs. The startup Figs, founded by Trina Spear and Heather Hasson, sells scrubs to nurses and doctors, advertising on public transit and billboards. Now the company faces a lawsuit from Careismatic Brands, a more traditional retailer of medical apparel, alleging that those ads misled health care workers with promises about how the scrubs would keep them safe. Figs stands by its marketing and says Careismatic's lawsuit is a "fishing expedition" intended to slow down a competitor. Wall Street Journal
- Pay raise. Democrats in the U.S. have revived their fight to raise the federal minimum wage to $15 per hour. If that hike went into effect, 59% of the 32 million beneficiaries of the raise would be women, 31% would be Black, and 26% Latinx. CNBC
- In the studio. In an interview mainly about Golden Globes nominations, Amazon Studios head Jennifer Salke weighed in on Jeff Bezos's resignation as the company's CEO. "I don’t think he’s going be developing shows for me," she joked, when asked if he might get into producing. Variety
ON MY RADAR
Invest in Black women to drive the economy forward Fortune
Fake Accounts author Lauren Oyler on exploring the unknowable in politics and relationships Fortune
Trump aides made a late request to Team Biden to extend their parental leave. They said no Politico
PARTING WORDS
"I don’t want us to do that any more as a culture. I want us to just let people live."
-Singer Jazmine Sullivan on judging others. Her new EP is Heaux Tales.
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