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Sheryl Sandberg on Why Women Are 'Leaning Out' in Work
Bloomberg
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6 weeks ago
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Tech
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00:00
I know this ambition gap is troubling to you. Essentially, women are leaning out. They're
00:04
deciding they don't want to be promoted because it doesn't seem worth it. After all the work
00:09
that's been done, all the talk, what do you think broke? Well, let's start at the top.
00:14
So not all women are leaning out and not all companies. But what our report shows this year,
00:19
this is our 11th year, is that about half of companies no longer prioritize advancement for
00:25
women. And 21 percent of those companies say women's career advancement is a low or no priority
00:32
at all. And those are the companies that participated in the Women in the Workplace report we do with
00:37
McKinsey. And so these companies, in many ways, are the best of the best. And then we do see that
00:43
ambition gap, but only when women don't get the opportunities and support they need.
00:49
How does this put companies at risk? Or is the conventional wisdom that this is better for
00:55
business not ringing true? I think the conventional wisdom should be and is what's true, which is that
01:02
when you get the best out of your whole workforce, you're going to do better. So what's happening is
01:07
that women face more barriers at every level of the career. Entry level, we call it the broken rung,
01:13
and we see it every year. For every 100 men that get promoted, 93 women, 60 black women, 82 Latinas.
01:22
That's because we hire and promote men based on potential and women for what they've already
01:26
proven. So of course, women can't prove they're a manager. Then at the senior levels, our report shows
01:33
this year that at the same levels, a man is 70 percent more likely to get tapped for leadership
01:39
training. Think about what that says. You're a future leader. Come to leadership training.
01:44
And so this is only happening in the companies that aren't doing the right thing. When women get
01:49
the full support and the same stretch opportunities, they're not leaning out at all. And so it's a
01:55
question of economic productivity. Do we want to get the best growth in our economy? Do we want to get
02:01
the best out of our workforce? We're at a fork in the road and companies have a decision to make.
02:05
The Trump administration is pushing policies that explicitly try to incentivize women
02:10
to have more babies while simultaneously weakening workplace protections. Do you see these
02:17
natalist policies, as they are called, as pressure on women to return to traditional roles? Or is it
02:25
support for families? I mean, look, women can have as many kids as they want and still have to go to
02:34
work. I think what we forget in a lot of this is that the great majority of women do not have the
02:41
choice to be a full-time mother and a full-time spouse. Now, I feel we sometimes come up with new
02:47
language for old ideas. And I want to be clear. If you can afford to be a full-time spouse and a full-time
02:53
parent as a man or a woman and you want to do that, I think that can be deeply fulfilling work. But we've got to
03:00
remember that most women don't have that option. They have an economic reality that they have to
03:05
wake up in the morning and leave their home to earn money to support their families. And so, again,
03:11
new language for old ideas, trad wife. That's just telling these women that have to leave their home that
03:17
it's going to harm their marriages and their kids. That's not what the data supports. We should be able to make
03:23
any choice we make without putting old pressures on women in a modern workforce where that's not the
03:30
economic reality they live in. President Trump has called on companies to root out what he calls
03:35
illegal DEI, you know, threatening federal contracts, threatening regulatory action. How
03:42
is this going to be looked back on? How is history going to look back on the DEI rollback?
03:48
You know, I think people didn't understand and thought that women were getting unfair treatment.
03:56
But let's throw some numbers at this. Women got 59 percent of the college degrees and women are 10
04:03
percent of Fortune 500 CEO jobs. I'm not saying there aren't times when people are given preferential
04:09
treatment. Of course there are. But on average, in our economy, do you really think that 59 percent of
04:15
the college degrees getting 10 percent of the jobs means there's systematic special treatment for
04:21
women? I mean, my experience in the workforce and I think yours and a lot of people's is that
04:25
it was hard. It was hard to be one of the only women women in the room. And so the question is,
04:31
what can companies do? And I'll tell you, there's a lot they can do. And it's in our report
04:35
and it's completely legal. So for example, feedback, one percent of men get style based
04:43
feedback in performance reviews and 66 percent of women. What can companies do? You establish
04:49
criteria in advance that everyone agrees to that are universally applied. Everyone gets this kind
04:55
of feedback that is not just legally permissible, but allowed and encouraged and creates a level playing
05:02
field. This isn't about special treatment. This is about giving everyone the opportunity to do
05:07
their best work and contribute. Meta is among many companies that have rolled back DEI policies and
05:14
Mark Zuckerberg reportedly blamed you for the policies being there in the first place. Some
05:20
employees have felt that your legacy is being dismantled. What have your conversations been like
05:25
with Mark about this? I know you're still friends and you have to have feelings about this.
05:29
I don't think that's exactly what happened in that meeting. And Mark went out and publicly posted
05:34
and clarified. But here's what I would say is that every company, including Meta, has the opportunity
05:40
to make sure that they're fair to women. Here's what the data shows us over and over and over again.
05:48
So many examples. When a man and woman ask for raises or promotions, the woman's 30 percent more likely
05:55
to be told she's too aggressive. What do you do? Standardize your processes. Every company should
06:01
be doing it. So, for example, interviews. If you don't have agreed upon questions you ask
06:07
naturally and maybe not on purpose, but naturally, people sometimes ask the easier questions to the
06:13
men and the harder questions to the women. Just standardize your questions. Put systems in place
06:19
that protect people, but also that just give people the opportunity to contribute.
06:25
You have to acknowledge that there's a big rhetoric shift happening. And obviously,
06:30
we're seeing it in Silicon Valley. We are seeing people, tech leaders who said one thing in the
06:34
last election, now whispering in the president's ear. A lot of these people that you know personally,
06:39
what do you think is happening here? Is this transactional? Is this just business? Or is this
06:43
a real change in values happening? I think a lot of the rhetoric is terrible. And I think we see some
06:50
of the impacts in this report. But, you know, I'm 56, so I've been in the workforce. It's my fourth
06:56
decade. And what I see is that we make progress. We backslide. We make progress. There's a backlash.
07:02
I think the reason these ideas take hold so easily is they were never really gone. Even though the
07:08
rhetoric is bad now, do I really think we ever fully encouraged leadership in little girls and
07:14
little boys and women as much as men? No. So when it happens, when this rhetoric happens,
07:21
it's so easy to take hold because it's like fertile ground. I'll give you one that really scares me.
07:28
Eighth and 10th grade boys, middle and high school boys, they surveyed them in 2018.
07:32
And they said, what do you believe women should have the same opportunities as men in the workforce?
07:38
In 2018, 63% said yes. I could spend all day talking about why that's so upsetting. Like,
07:45
where are the other 37%? But 63% said yes. Today it's 45. We are seeing that same double-ditch slide
07:54
in middle and high school boys believing that women should get equal pay.
07:58
That's not okay. And what it's going to take to change that is I think people realizing that this
08:06
is about economic productivity. This is about, do we want our companies to succeed?
08:10
You built two companies, helped build two companies that are incredibly economically productive. We are
08:14
in the middle of this massive AI moment where companies are investing a lot, but it's also total
08:20
chaos, it seems, for within and among some of these startups that are trying to build sustainable
08:26
business models in an AI moment. What's your advice to companies right now about how they build
08:31
a business model that can work and survive in the age of AI?
08:36
You know, it's such a good question. And I was at Google in some of the early years, and then I went
08:40
to Facebook, you know, now Meta. And I do think there's times when it really makes sense to invest
08:47
ahead of revenue and business models, right? If Google, when I was there in the early days,
08:51
had tried to cover our costs for search, we never would have gotten enough search out there to get
08:56
enough user feedback to improve the search results, to get to what was a great business for Google. So
09:00
it makes sense. At some point, at some level, you have to have revenue that covers costs.
09:06
Is that from ads?
09:07
Well, people make it so complicated. It's not complicated. Ready? Someone has to pay. Who can pay?
09:12
Businesses can pay. They can pay via advertising. They can pay via paying in some way, shape,
09:17
or form for database services. Or people have to pay. And it will be a combination of all of these
09:22
things. But over time, the revenue is going to have to cover the costs.
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