Time’s Up for Wall Street

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Happy new year, and “happy” anniversary. I use quotation marks because, as anniversaries go, this one is a more bittersweet celebration: TIME’S UP was launched on January 1, 2018. Founded by more than 300 women in entertainment with a mission to “insist upon a world where work is safe, fair, and dignified work for women of all kinds,” the organization was a response to the #MeToo movement that started in late 2017 about the sexual harassment of women—and the resulting unsafe workplaces for us—across a range of industries.

The reckoning has continued. In the two years since TIME’S UP was born, the list of powerful execs ousted as a result of the movement now includes Les Moonves (the former chairman and CEO of CBS) and casino magnate Steve Wynn. Some of the vacated senior roles have been filled by women, like Melissa Bell, who took over from Lockhart Steele as editorial director of Vox Media, and Jennifer Salke, who took over as head of Amazon Studios after Roy Price resigned.

Despite this progress, much work remains in our fight for safe workplaces, equal pay, and gender equality. The pay gap remains stubbornly large, with white women earning 79 percent of what white men do, Black women earning 62 percent, and Hispanic women earning just 54 percent. Only around seven percent of Fortune 500 companies are led by female CEOs. Diversity in executive leadership is moving forward at a snail’s pace.

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