Posted on October 5, 2018
We have a problem.
Like the “Congrats, you have an all male panel!” tumblr, my top 25 shareholders are all men. Women shareholders are woefully underrepresented in the KmikeyM project, which combines two male-dominated fields, finance and technology. This is bad.
- Catalyst.org estimates that women make up 35% of investment banking and securities dealings employees, and 16.7% of senior-level or executive management.
- Wired.com reports that 31% of Facebook and Apple’s employees are women. White men continue to dominate college computer science departments.
- For women in startups, the equity gap is worse than the pay gap. Women made up 35% of employees with equity, but only owned 20% of equity dollars.
- Lack of diversity is the keystone problem in tech — “from its recklessly expansionist zeal to the ways its brightest companies keep stepping in problems of their own making.”
- It’s insane that we’re still talking about women earning 80 cents for every dollar a man earns.
Many companies have instituted diversity programs. California recently passed a law which requires publicly traded firms to place at least one woman on their board of directors. Similar measures are common in Europe.
This is a proposal to develop financial incentives within the KmikeyM system to fight our own gender imbalance. A yes vote means we will look for practical ways to directly address and correct the gender imbalance of the shareholder community.
This is not a proposal for a specific solution, but a vote to tackle the problem. My initial ideas are around shareholder grants, compensation for the pay gap, and changes to the code that encourages women to buy and hold shares. If this proposal passes I’ll be reaching out to the shareholder community — and especially the women within our community — for ideas.
Yes - 2385
|Douglas Dollars 💯||416|
|Ryan Feigh 💯☕️||131|
|Matthew Spencer ☕️||62|
No - 635