Golden Insights from – For the Week of October 10, 2011

Oct 11, 2011 | Corporate Member News

The skinny and rich conundrum

Eating disorders among executive women on the rise 

In the latest Sarah Jessica Parker movie, I Don’t Know How She Does It, SJP plays the role of Kate Reddy, a Boston-based corporate executive in the financial industry. As a mother of two children, Kate struggles with finding the balance in her responsibilities as a wife, mother and high-income breadwinner. (Of course, she manages to do it with a gorgeous wardrobe and designer stilettos.) The movie explores the usual accidental hilarity of work versus family challenges. But one thing the film doesn’t address is that the overworked, exhausted and highly successful Kate (i.e., SJP) is remarkably fit and thin. Okay sure, it’s just a movie. But seriously, she must secretly work out, right? Does she eat? 

Indeed, for a woman in a job such as Kate Reddy’s, there is growing evidence to suggest that perhaps she doesn’t, in fact, eat. Gordon Gecko (in the movie Wall Street) famously said “lunch is for wimps,” but today’s female executives are skipping lunch for an altogether more alarming reason. A recent story in Forbes media highlighted the issue of eating disorders among businesswomen… 


10 star-studded investments

Celebrities diversify their portfolios for the long-term

Hollywood is hip to the idea that when it comes to protecting and preserving one’s wealth, diversification is essential. While we love to see stars sharing their millions with charities and not-for-profit organizations, it’s also good to see celebs supporting start-up companies and fledgling entrepreneurs by investing in for-profit businesses from a diverse range of industries, while securing added streams of income should fame be fleeting. Here are a few shining examples… 


The extra X factor

Why women in the C-Suite are good for business

The year 2011 will go down as a great year in the progress of women to top executive ranks in Canada. With the recent leadership victory of Alison Redford, the province of Alberta will soon have a female premier, bringing the total number of female premiers to four out of 10. Meanwhile, in Corporate Canada, financial services are typically huge holdouts of male-dominated ranks. On average, only one-third of bank board members in Canada are women. However, HSBC Bank Canada (LSE:HSBA), Toronto-Dominion Bank (TSX: TD) and Royal Bank of Canada (TSX: RY) have all recently appointed more women to their boards. 

But if women are equal members of society and not to be regarded as “token appointments”, what difference does it make how many women or men are on a company’s board? According to statistics from research company Catalyst Inc., women can make a huge difference to a company’s bottom line… 

READ MORE the most fun, fresh, and thoroughly modern online financial resource for women in Canada today.  

Born out of the notion that too many smart women let their financial situation be ignored, swept under the rug, or dictated by others, is rebranding finance with a feminine spin to engage women of all ages to take a greater interest – and play a greater role – in those financial issues that affect their everyday lives and financial futures.  

Think unbiased financial education…with a feminine twist.  

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The @mbchambersofcom was happy to donate a portion of the proceeds from our Deputy Ministers Dinner to @harvestmanitoba and would encourage you to connect with @vincebarletta or @joanne_pat on how you can help #TinfortheBin #PoweroftheNetwork