Women on Boards – censorship of comments by “The Times”

Today’s edition of The Times included an article on women on boards. I posted three short pieces linking to the evidence of a causal link between more women on boards and corporate financial decline – the third was addressed to moderators – and all were removed very swiftly (or not published at all) by moderators. The first and third are here.

The evidence of the causal link is here. I am considering cancelling my subscription to The Times. We expect ideologically-driven censorship like this from The Guardian but not The Times, although The Times is resolutely uncritical of feminism and feminists, employing many feminist “journalists”.

Please support Mike Buchanan’s work on Patreon. Thank you.

Dame Helena Morrissey is a LIAR

My thanks to Jeff for this. The Mail has published a ludicrous article by Dame Helena Morrissey, titled, “Why women really SHOULD rule the world (or at least run more businesses), according to City superwoman DAME HELENA MORRISSEY”.

Dame Helena Morrissey is the mother of nine children and for many years a leading light in campaigns to increase the proportion of women on corporate boards in the UK. A central claim in her campaigning has been that evidence shows that appointing more women to corporate boards leads to improved corporate financial performance, i.e. there is a causal link.

SHE’S A LIAR.

She is mis-representing correlation as causation. We have been publicising the evidence of a causal link between more women on boards and corporate financial DECLINE since our launch in 2012. I presented much of that evidence to the House of Commons “Women in the Workplace” inquiry in November 2012, here (video, 56:49).

The eagerness with which senior businessmen – chairmen and CEOs among them – have jumped on the bandwagon of “more women on boards” is shameful. Blithering idiots, one and all.

It is high time the media exposed Morrissey as the egregious LIAR she has been for so many years.

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Our last general election manifesto is here.

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If everyone who read this gave us £5.00 – or even better, £5.00 or more, monthly – we could change the world. £5.00 monthly would entitle you to Bronze party membership, details here. Benefits include a dedicated and signed book by Mike Buchanan. Click below to make a difference. Thanks.

Regular followers of this website are aware that neither Elizabeth Hobson, party leader, nor Mike Buchanan, party chairman, draw any income from the party’s income streams. They both work very long hours on behalf of men and boys (and the women who love them) so they’re unable to engage in paid employment.
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Our public challenge of 38 people at “The Pipeline”

Our thanks to a number of people for pointing us to an article in today’s Daily Mail. The title is, “Want to boost profits? Hire more women! Large companies with no female executive committee members ‘missed out on £47 billion last year’, research claims.” The research is attributed to “The Pipeline”.

The 38 people presented as being “the team” at The Pipeline – mostly women, a few men – are here. I’ve just sent this public challenge to all 38 people through the only email on the website, admin@execpipeline.com:

A public challenge to all 38 people associated with your organization

Good afternoon. My attention has been drawn to an article in the Daily Mail today, in which your organization is reported as claiming that hiring more women to corporate boards will increase profits, i.e. you are claiming a causal link. Whether knowingly or otherwise, you are misrepresenting correlation as causation.

Since 2012 I have run Campaign for Merit in Business and until recently the political party Justice for Men & Boys. I am now the party chairman.

The only way to demonstrate a causal link between more women on boards, and a financial impact, would be through longitudinal studies. I know of six longitudinal studies which have demonstrated a causal link between more women on boards and corporate financial decline, and I know of none which have shown a causal link with corporate financial improvement. Can you please supply me with details of the longitudinal studies which form the basis of your claims? Thank you.

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Our last general election manifesto is here.

Our YouTube channel is here, our Facebook channel here, our Twitter channel here.

If everyone who read this gave us £5.00 – or even better, £5.00 or more, monthly – we could change the world. £5.00 monthly would entitle you to Bronze party membership, details here. Benefits include a dedicated and signed book by Mike Buchanan. Click below to make a difference. Thanks.

Regular followers of this website are aware that neither Elizabeth Hobson, party leader, nor Mike Buchanan, party chairman, draw any income from the party’s income streams. They both work very long hours on behalf of men and boys (and the women who love them) so they’re unable to engage in paid employment.
We appeal to those who appreciate our work for financial support to help us meet our living expenses. We’ve set up Patreon pages for this purpose. Elizabeth’s page is here, Mike’s page is here. Thank you for your support.

Adrienne Liebenberg, businesswoman who sued DS Smith, FTSE 100 company, after she was sacked from £200K-a-year job ‘because she did not want to talk about football and go out drinking with ‘the lads”, LOSES sexism claim

A piece in the Daily Mail from 30 June. Far too much of the piece is taken up with the unsubstantiated claims made by Adrienne Liebenberg. The start:

A £200,000 a year businesswoman who claimed she was sacked from a major FTSE 100 company because she did not want to discuss football and go out drinking with ‘the lads’ has lost her sexism claim.

Adrienne Liebenberg was fired from her job as Director of Global Sales, Marketing and Innovation at international packing conglomerate DS Smith in December 2018 after being told that her leadership style was ‘not working’.

However Ms Liebenberg who had previously worked at oil and gas giant BP Castrol – took the firm to an employment tribunal, arguing that she had been sacked because of her gender.

Ms Liebenberg alleged that she was marginalised at DS Smith because did not want to join in with the male banter and work style.

She claimed that key business decisions were often taken over boozy dinners with a ‘gang’ of senior male employees – where the practice was ‘bonding, drink, and football’.

It was an interesting case, which she lost. The Employment Tribunal report starts with this:

JUDGMENT
The unanimous judgment of the Tribunal is that:

1 The complaint of victimisation is dismissed upon withdrawal;
2 The complaint of direct sex discrimination is not well-founded; and
3 The complaint of indirect sex discrimination is not well-founded.

Over pp.39/40 we find this remarkable text (section #186):

In considering both those issues we took into account the following facts. Although it is common for the manufacturing industry to be male dominated and it is accepted that male engineering graduates significantly outnumber female engineering graduates in many countries, the extent of the lack of gender diversity at the senior levels of DS Smith is unacceptable and needs to be addressed. [J4MB emphasis] During the Claimant’s period of employment there were no women on the Group Operating Committee or on the Executive. 9 out of the 54 roles at the next level down, were filled by women. The Claimant was one of them and six were in HR and Legal functions. Within the top 150 employees, 19 were women. Most of those 19 women felt that gender was an obstacle to progression at DS Smith, albeit indirectly and unconsciously. They had concerns about unconscious bias and stereotypical assumptions. About half of them felt that DS Smith was not an inclusive workplace and had experienced or witnessed inappropriate behaviour (see paragraph 121 above). The Claimant had been referred to as a “girlie” and “little lady” and had been winked at. [J4MB: For £200,000 a year FTSE100 executives could refer to me by these terms and wink at me all day. No problem.] The Claimant was the only woman in R1’s Leadership team.

Since when is it part of an Employment Tribunal’s remit to make gender political points, especially points irrelevant to the case in hand? I’d have thought that a perfectly reasonable decision for DS Smith to take after this case would be great reluctance to recruit or promote women to senior positions – and who could blame them?

So, who were the members of the tribunal? They are described at the start of the report as:

Employment Judge H Grewal, Mr J Carroll and Mr D Kendall

A Google search for Grewal led me to this. Key content:

News Release issued by the COI News Distribution Service on 21 September 2009
The Lord Chancellor, the Right Honourable Jack Straw MP, has appointed Harjit Kaur Grewal to be a Salaried Employment Judge of the Employment Tribunals (England and Wales). Ms Grewal will be assigned to the London Central Region, with effect from 1 October 2009.

Notes to Editors
Harjit Kaur Grewal is 52. She was called to the Bar (G) in 1980 and was appointed as a Fee-paid Chairman of the Employment Tribunals (England and Wales) in 2003.

So Grewal is a feminist of about 63 years of age. She should be forced to retire early on the grounds of section #186 alone. Mr J Carroll and Mr D Kendall should hang their heads in shame for the section. But at least – miraculously – they unanimously arrived at a sound judgment.

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Our last general election manifesto is here.

Our YouTube channel is here, our Facebook channel here, our Twitter channel here.

If everyone who read this gave us £5.00 – or even better, £5.00 or more, monthly – we could change the world. £5.00 monthly would entitle you to Bronze party membership, details here. Benefits include a dedicated and signed book by Mike Buchanan. Click below to make a difference. Thanks.

Regular followers of this website are aware that neither Elizabeth Hobson, party leader, nor Mike Buchanan, party chairman, draw any income from the party’s income streams. They both work very long hours on behalf of men and boys (and the women who love them) so they’re unable to engage in paid employment.
We appeal to those who appreciate our work for financial support to help us meet our living expenses. We’ve set up Patreon pages for this purpose. Elizabeth’s page is here, Mike’s page is here. Thank you for your support.

Card Factory greets new era by ousting rare female chief (Karen Hubbard). Oh dear. How sad. Never mind.

This story reminds me of two pieces by August Lovenskiolds, Do men make better CEOs than women? and Women hate being CEOs – and they suck at it.

A piece in today’s Times:

The boss of Card Factory has been pushed out of the greetings card retailer less than a month before it was due to reveal a new five-year strategy.

Since Karen Hubbard became chief executive in 2016 the company has suffered an 80 per cent slump in its share price and four profit warnings.

The departure of Ms Hubbard, 56, further reduces the already-tiny number of female bosses in the retail industry. Ms Hubbard was at one stage the sole female chief executive of a FTSE-250 retailer before it was relegated in December.

Rachel Osborne has recently become boss of Ted Baker, though its dwindling market cap also means that it is no longer in the index, leaving no female chief executives on the listing.

Ms Hubbard has been credited with modernising the retailer’s operations, boosting online sales and striking deals with Aldi and Australia’s The Reject Shop.

However, her tenure has coincided with a time of significant challenges for the high street and rising cost pressures which have put Card Factory’s profits under strain.

The cancellation of its special dividend in January on the back of a poor Christmas performance wiped a quarter off its market value. It has 1,022 stores in the UK and 7,000 staff.

Card Factory said: “Karen and the board have agreed that this is an appropriate time to transition to new leadership committed to the longer-term successful implementation of the next phase of the group’s return to growth.” [C4MB: In plain English, “Karen, you’ve been a disaster, you’re fired!”]

Shares in Card Factory closed 0.2p, or 0.40 per cent higher, to 50p.

The business said that it had started a search for a replacement while Paul Moody, the chairman, would be interim chief executive. It is still due to update investors on the new strategy on July 28.

You can subscribe to The Times here.

Please support Mike Buchanan’s work on Patreon. Thank you.

Josie Cox, a contributor to Forbes, is a blithering idiot

Another ridiculous article, this time in Forbes, implying a causal link between increasing diversity on corporate boards and improved corporate performance – Coronavirus And The Gender Pay Gap: An Excuse To Avoid Uncomfortable Facts. Ms Cox writes:

Research shows that Fortune 500 companies with the highest representation of women on their boards significantly outperform others. And companies with a smaller gender pay gap are likely to be more successful at attracting female talent which translate directly into a healthier bottom line.

Followers of this website should not need no reminder of the evidence compiled by this website many years ago, demonstrating a causal link between increased gender diversity on boards and corporate financial decline. The evidence is here.

The blithering idiot ends her article with this:

What will differentiate a satisfactory performance from an outstanding one might well be culture. There are of course many ways to safeguard corporate culture, but treating gender pay gaps with the attention and urgency they deserve is certainly a good place to start.

The attention and urgency that gender pay gaps deserve are precisely zero.

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Our last general election manifesto is here.

Our YouTube channel is here, our Facebook channel here, our Twitter channel here.

If everyone who read this gave us £5.00 – or even better, £5.00 or more, monthly – we could change the world. £5.00 monthly would entitle you to Bronze party membership, details here. Benefits include a dedicated and signed book by Mike Buchanan. Click below to make a difference. Thanks.

Andrew Bailey appointed Bank of England governor

In the autumn there was some speculation that the next governor of the Bank of England might be a woman, and Dame Helena Morrissey – a woman with literally no experience of the banking sector – was confirmed to be on the shortlist. It was an appalling example of tokenism, and our associated website Justice for Men & Boys posted a blog piece, An open letter to Sajid Javid, Chancellor of the Exchequer: Why Dame Helena Morrissey is unfit to become the next Governor of the Bank of England.

Yesterday Sajid Javid announced the new governor was to be Andrew Bailey, and that the decision to appoint him had been made before the general election. Maybe the government was concerned about the impact on the general election of a media storm about the job going to another person of penis? Javid said in his statement:

He [Andrew Bailey] was the “stand-out candidate in a competitive field” with both international standing and experience of running a large complex organisation.

We can but hope this is the first of a series of appointments – including those of cabinet ministers – which are not made on the grounds of gender. Although Philip Davies being appointed the first male Minister for Women & Equalities would be good. A piece in yesterday’s Times:

Sajid Javid has named Andrew Bailey as governor of the Bank of England, making him one of the most powerful unelected officials in Britain.

Mr Bailey, who has had a rough ride as chief executive of the Financial Conduct Authority since 2016, will take over from Mark Carney on March 16.

He was the “stand-out candidate in a competitive field” with both international standing and experience of running a large complex organisation, the chancellor said.

Mr Bailey, 60, was at the Bank of England for 30 years, where he rose to prominence resolving stricken banks and shoring up the system during the financial crisis before moving to the FCA. He has worked across monetary policy and financial stability and was a deputy governor before joining the conduct regulator.

Mr Javid said: “It is a tribute to his integrity that he emerged from the most serious crash in living memory with his reputation enhanced.”

However, his reputation has taken a bashing since he took over at the FCA. He has been accused of being slow to react to a number of financial scandals that left tens of thousands of people out of pocket. His critics have called him ponderous and weak.

Gina Miller, the anti-Brexit campaigner and wealth manager, said: “It’s absolutely scandalous — if you look at his record at the FCA and what has happened under his watch — to have someone like that now in charge of Bank. He intervened after things. If you look at all the things on his watch, the culture has been to do things at the very last minute.”

Others pointed to his career before the FCA, where financial scandals come with the job since it oversees 60,000 firms. At the Bank he was highly respected.

George Buckley, UK economist at Nomura, said: “It’s a good choice, a steady choice. It’s nice to see they’ve chosen someone for their capacity to do the job as opposed to whether they are a supporter or not of the government.”

Mr Bailey, 60, said that he was honoured to take over from Mr Carney “particularly at such a critical time for the nation as we leave the European Union”.

The governor plays almost as important a role for household finances as the government. He is in charge of committees that set interest rates and oversee financial stability. He can determine the cost of borrowing, ration mortgages, demand that banks withhold dividend and bonus payments and put them into resolution.

The Bank operates independently of the government and Mr Javid was keen to stress that its independence would be protected following political attacks on Mr Carney during the Brexit referendum and afterwards.

The announcement was symbolically made in the same room that Gordon Brown revealed in 1997 that the Bank would be given operational independence. Mr Javid said: “It is critical that the governor is independently minded and that the institution makes whatever decision it feels necessary without any interference whatsoever from any politician.”

Mr Bailey had been selected by the Conservatives before the election was called but delayed making the appointment until today.

Mr Carney, 54, has agreed to stay on an extra month and a half, from January 31 to March 15, to ensure that there is an “orderly transition”, the chancellor said. He thanked Mr Carney for his “distinguished six and a half years of service”. The Treasury will now begin a search for a new FCA chief executive.

Mr Bailey will be paid a basic salary of £495,000 — more than Mr Carney’s £480,000 but a smaller overall package because Mr Carney received an additional £250,000 living allowance. At the FCA Mr Bailey’s basic salary was £449,000 and he received a bonus of £68,000 last year.

Mr Bailey will get no bonus at the Bank and he has taken a less generous pension than Mr Carney. He beat several serious contenders to the top job, including a number of women. [J4MB emphasis]

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Our last general election manifesto is here.

Our YouTube channel is here.

If everyone who read this gave us £5.00 – or even better, £5.00 or more, monthly – we could change the world. £5.00 monthly would entitle you to Bronze party membership, details here. Benefits include a dedicated and signed book by Mike Buchanan. Click below to make a difference. Thanks.

Followers of this website are aware that neither I nor Elizabeth Hobson, our Director of Communications, draw any income from the party’s income streams. We both work long hours on behalf of the party, and felt it was time to appeal to those who appreciate our work, for some personal financial support. We’ve set up Patreon pages for this purpose, mine is here, and Elizabeth’s is here. Thank you.

International Men’s Day: Stephen Frost, CEO and Founder of Frost Included, is a mangina and a blithering idiot (but I repeat myself)

At the top of this website there’s a quotation from Milton Friedman, the late American economist who won the Nobel Prize for Economic Sciences in 1976:

Few trends could so thoroughly undermine the very foundations of our free society as the acceptance by corporate officials of a social responsibility other than to make as much money for their shareholders as possible.

Those who work in “Diversity and Inclusion” are parasites, one and all. Some are manginas as well, selling out their fellow men for personal gain. An example is Stephen Frost, who had an article published in Forbes yesterday. His profile on the article:

I am CEO and Founder of Frost Included, a diversity and inclusion consultancy. I work with individuals, teams and organizations to embed inclusive leadership in their decision-making, to benefit them and the world at large. This involves work on strategy, data, governance, leadership and systems design. Previously, I was Head of Diversity and Inclusion at KPMG, the London 2012 Olympic and Paralympic Games and Stonewall’s first Workplace director. I was educated at Oxford and Harvard and my team and I have won numerous awards for our work. I have lectured at Harvard Business School, Singapore Management University and Sciences Po in France and I also serve as an Advisor to the British Government. I am the author of The Inclusion Imperative (2014), co-author of Inclusive Talent Management (2016) and co-author of Building an Inclusive Organisation (2019).

The Forbes article is the most ignorant article I’ve ever read about International Men’s Day, and it’s appropriate that Stephen Frost, a mangina, wrote it – Should We Be Celebrating International Men’s Day?

My day can only get better from here.

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Our last general election manifesto is here.

Our YouTube channel is here.

If everyone who read this gave us £5.00 – or even better, £5.00 or more, monthly – we could change the world. £5.00 monthly would entitle you to Bronze party membership, details here. Benefits include a dedicated and signed book by Mike Buchanan. Click below to make a difference. Thanks.

Equality campaigners ditch former McDonald’s boss Steve Easterbrook

A piece in today’s Times. The description of Catalyst as “equality campaigners” – it’s a radical feminist organization – is evidence of journalistic naivety and laziness, while Steve Easterbook’s presence on the board of the organization is evidence of the capitulation of “big business” to feminists. We’ve had things to say about Catalyst on this website, including their conflation of correlation with causation with respect to the financial impact of increasing gender diversity on boards.

The Times article:

The McDonald’s chief executive sacked over an affair with a junior colleague has been removed from the board of a women’s campaign group.

Steve Easterbrook, 52, who was ousted from his £1.2 million a year job as boss of the world’s largest fast food company, had been a “champion for change” for Catalyst, a not-for-profit organisation which seeks “to build workplaces that work for women”. [J4MB: Translation – workplaces where women are advanced ahead of men, regardless of their merit.]

Last night the group said it was “concerned” to learn about his consensual affair and all mention of his name was removed from its website.

However, Oxford University, where the British executive is a fellow and “corporate reputation expert”, said it would stand by him.

Mr Easterbrook’s departure from Catalyst emerged hours after he quit his role yesterday on the board of Walmart. The company, which owns the British supermarket chain Asda, said in a regulatory filing that his resignation “was not due to any disagreement with the company on any matter relating to its operations, policies or practices”.

Catalyst said: “We believe the decision to remove him as CEO [of McDonald’s] and from the board was the right thing to do and represents the company’s ongoing commitment to building respectful, safe and inclusive workplaces.

“Ensuring a workplace where everyone can thrive requires a long-term, intentional commitment from those in leadership — especially CEOs. Catalyst has a long-standing relationship with McDonald’s; we will continue to work with its leadership and companies across the globe to transform cultures and create real and lasting change.”

Mr Easterbrook, who is credited with having revived McDonald’s fortunes in recent years, was fired after a board meeting for breaching company rules over a relationship with an unnamed junior colleague.

It has emerged he could leave with as much as £40 million in pay and shares. He will receive about £500,000, half his basic pay, but it is thought he retains shares and options worth millions.

Oxford University said: “This will not affect his position as a visiting fellow.”

Last night the family of David Fairhurst, who was sacked as McDonald’s global human resources head on Monday, accused the company of forcing him out because he knew about Mr Easterbrook’s affair. One told the Daily Mail: “They are trying to make out that he knew what was going on, but he was in a very difficult position. That was his boss after all.”

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Our last general election manifesto is here.

Our YouTube channel is here.

If everyone who read this gave us £5.00 – or even better, £5.00 or more, monthly – we could change the world. £5.00 monthly would entitle you to Bronze party membership, details here. Benefits include a dedicated and signed book by Mike Buchanan. Click below to make a difference. Thanks.