Women's Equality is Good Business
June 12, 2013
inequality is a moral issue; it's also bad economics. There is no
question that providing equal opportunities for women is critical to New
York State's economic future. In order for business, labor and our state
to prosper, we must work together to improve the workplace for women.
The women of this
great State of New York collectively have 10 million voices and it is
time to turn up the volume. As an owner of a business, Tigress Financial Partners (www.tigressfp.com),
Board Member of the Business and Labor Coalition of New York (BALCONY)
and as Chairperson
of the Greater New York Chamber of Commerce, it is
incumbent upon me to be part of this historic initiative that will
effectively work to break down barriers to women's full participation in
society and seek to create a sustainable meritocracy in business.
New York has long been
a model for equality and fairness on several issues including women's
rights, and it is fitting that we lead the way with ground breaking
State Sen. Liz Kruger
Companies that succeed
in promoting women to the most senior levels of business tend to perform
better than companies that do not. Additionally, companies that invest in
women benefit because they attract and retain qualified employees, which
increases productivity and reduces costly turnover. These businesses
prove to be stronger companies and better long-term investments.
Gender parity is good
business, and executives must frame equality as a strategic imperative.
Increasing women's economic participation by improving the workplace and
enhancing their efficient productivity will dramatically impact the
competitiveness and growth of our companies and the economy of New York.
Clearly, holding back
half the population behind actual or perceived barriers, fosters a toxic
environment that leads to a deficit in educational and fair job
opportunities, unequal wages, let alone the inexcusable underlying
violence and oppression. This is not just morally reprehensible; it's bad
When women control the
critical aspects of life, such as jobs, housing, personal health choices,
they better participate in the social and economic life of the State.
There is no question that providing equal opportunities for women is
critical for our State's economic future. We must have our voices heard
above those who hurt our progress in the name of free market
capitalism. I am a capitalist. I own my business. Ensuring gender
equality does not seek to destroy capitalism; rather, ensuring gender
equality seeks to change the priorities of business goals. Moreover,
gender equality is not a zero-sum equation: Women are already powerful.
We only need, deserve and demand an equal playing field to unleash our
Haven't women been
talking about this for decades already? Yes, we have. While some
individual companies have done a stellar job obtaining real measurable
diversity and inclusion, sadly the overall progress in the Corporate
Sector as a whole has been painfully slow -- at the current rate of
change it would take women executives more than 70 years to reach parity.
Therefore, I am
thrilled that New York State is about to make history with the first law
to take advantage of this convergence of economic trends, extinguish the
barriers that perpetuate discrimination, and harness the power of women
for sustainable business growth. We join Governor Andrew Cuomo, labor unions
and advocacy organizations, as we understand that together we are the future for our daughters,
we are the change
for mothers and sisters and we are part of building a better and stronger
New York for all of us.
DiBartolo is CEO of Tigress Financial Partners (www.tigressfp.com),
an Executive Board Member of the Business and Labor Coalition of
New York (BALCONY) and as Chairperson of the Greater New York
Chamber of Commerce.
joined by members of the Women's Equality Coalition, introduced
legislation to end discrimination and inequality based on gender and to
restore New York as a leader in women's rights.
Equality Act includes the following 10 points:
Stop Sexual Harassment in All Workplaces
Allow for the Recovery of Attorneys' Fees in Employment and Credit
and Lending Case
Strengthen Human Trafficking Laws
Prohibit Employers from Denying Promotions or Hiring Based on
Prevent Landlords from Denying Housing to Qualified Tenants Based
on Source of Rent Funds
Stop Housing Discrimination for Victims of Domestic Violence
Stop Pregnancy Discrimination Once and For All
Victims of Domestic Violence by Strengthening Order-of-Protection Law
Protect a Woman's Freedom of Choice
Click here to read an op-ed by the Governor outlining
the Women's Equality Act.
Over the years,
New York has fallen behind as a progressive leader on women's rights. By
enacting this vital legislation, we will return New York to its rightful
role as a beacon of equality.
The Office of
CALL TO ACTION: PASS WOMEN'S EQUALITY ACT
4 West 43rd Street, Suite 405
New York, NY 10036
Lou Gordon, Director
BALCONY, THE BUSINESS AND LABOR
COALITION OF NEW YORK
Robert M. Hayes,
Co-Chair Business, Sr. VP, Universal American Corp.
Abate, Co-Chair Non-Profit, President/CEO, Community HealthCare Network
Executive Director, New York Labor Health Care Alliance
Kartalopoulos, Partner, Wolf Haldenstein Adler Freeman & Herz LLP
DiBartolo, Tigress Financial Partners
BALCONY Treasurer; President, Greater New York Chamber of Commerce
Ventimiglia, Saratoga Capital Management
BALCONY Director of Special Projects
Brandenstein, BALCONY Events Consultant
BALCONY Writer and Researcher
Kevin R. Weaver,
Web Master and Computer Consultant
BALCONY is a
501(c)(4) non-profit. Contributions are not tax deductible and BALCONY
makes no political endorsements nor campaign contributions.