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| New to the newsletter? Subscribe to The Daily Money to get the best consumer and financial news from USA TODAY delivered to your inbox every weekday morning. And give our news-inspired Spotify playlist a listen. It features every song quoted here. |
| Happy Monday, Daily Money readers. Jayme Deerwester back with you. |
🥊 GOP to big business: Stay out of culture wars or we'll make you pay 🥊 |
| Opening up a new front in the nation's culture wars, Florida Gov. Ron DeSantis revoked Walt Disney's self-governing authority in apparent retaliation for opposing the state's new "Don't Say Gay" law. The move could cost Disney tens of millions and hurt the surrounding counties, who must now start paying for expenses the company once covered. |
| Increasingly, conservatives are using hardball tactics to punish big companies for speaking out on hot-button social issues. Once a rallying cry for systemic racism and injustice, "wokeness" has been co-opted by the political right to decry "political correctness" and progressive talking points. |
| Republicans pounced on Delta Air Lines and Major League Baseball for opposing Georgia's restrictive voting laws. Texas threatened Citigroup over its policy to pay for employees to travel out of state for abortions. |
| "CEOs should beware: Conservatives are putting a price on woke capital and, if they want to protect shareholder value, they should stay out of the culture war," activist Christopher Rufo told USA TODAY. |
📰 More headlines you can't miss 📰 |
| OVERSUBSCRIBED NATION: Had enough streaming? Netflix and CNN woes show viewers may be reaching their limits. |
| WHAT WILL IT TAKE TO CURB INFLATION? This economist has tough answers. |
| EU PASSES SOCIAL MEDIA LAW: Companies will be expected to police their digital channels and take down illegal content. |
| NOT EVERYONE CAN GO OFF THE GRID: How to stay reachable while camping or RVing this summer. |
| RETURN TO THE OFFICE: Can smart cameras help employees adapt to hybrid work and hot-desking? |
💼 Asian women executives: Why so few make it to the top 💼 |
| Contrary to the perception that highly credentialed Asian women face hardly any obstacles as they climb the corporate ladder, remarkably few break into the senior-most executive ranks. |
| None of the CEOs of the nation's top 100 companies and just four of the CEOs of Fortune 500 companies are Asian women. According to Fortune Media, only six Asian women have run Fortune 500 companies, including Gap CEO Sonia Syngal and former PepsiCo CEO Indra Nooyi, who sits on the board of Amazon. |
| Asian women are half as likely as their white female counterparts to hold an executive role. In fact, Asian women tend to make the least progress in proportion to their education and experience, says Ruchika Tulshyan, author of "Inclusion on Purpose: An Intersectional Approach to Creating a Culture of Belonging at Work." |
| "We're often expected to be submissive and grateful, often navigating much narrower expectations of what it means to be a 'likable' professional woman," Tulshyan says. "And often, Asian women are penalized when they present as counter to this stereotype." |
🎧 Mood music 🎧 |
| Reading Jessica Guynn's investigation into the underrepresentation of Asian women in top executive positions got me thinking about a couple of tracks from Fort Minor (the side project of Linkin Park's Mike Shinoda, who is of Japanese ancestry.) " Remember the Name" seems most appropriate here. |
| "This is10% luck, percent 20% skill, 15% concentrated power of will. Five percent pleasure, 50% percent pain. And a 100% reason to remember the name." |
| LISTEN WHILE YOU WORK: You can hear just about every song quoted in the newsletter on the Daily Money Mood Music playlist on Spotify. |
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