May 12, 2018

Prominent women gather at Cannes to rally for gender equality

More than 80 women gathered at the Cannes Film Festival Saturday to speak out against a gender pay gap and support female empowerment in the entertainment industry, Variety reports.

Why it matters, per Variety: "Cannes has come under fire for not acknowledging the #MeToo and Time’s Up initiatives, like other film festivals. Organizers have also been criticized for not promoting female filmmakers more aggressively. Only three of the 18 films in competition this year are from female filmmakers — Cannes’ best showing since 2011."

By the numbers, highlighted by jury President Cate Blanchett: "On these steps today stand 82 women representing the number of female directors who have climbed these stairs since the first edition of the Cannes Film Festival in 1946."

  • "In the same period 1,688 male directors have climbed these very same stairs."
  • "In the 71 years of this world-renowned festival, there have been 12 female heads of its juries."
  • "The prestigious Palme d’Or has been bestowed on 71 male directors — too numerous to mention by name — but only two female directors: Jane Campion, who is with us in spirit, and the wonderful Agnès Varda, who stands with us today. These facts are stark and undeniable"

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Situational awareness

Photo: Brett Carlsen/Getty Images

Catch up on today's biggest news:

  1. Mike Bloomberg offers to release women from 3 NDAs
  2. Wells Fargo to pay $3 billion to settle consumer abuse charges
  3. Bloomberg campaign says Tennessee vandalism "echoes language" from Bernie supporters
  4. Scoop: New White House personnel chief tells Cabinet liaisons to target Never Trumpers
  5. Nearly half of Republicans support pardoning Roger Stone

Wells Fargo agrees to pay $3 billion to settle consumer abuse charges

Clients use an ATM at a Wells Fargo Bank in Los Angeles, Calif. Photo: Ronen Tivony/SOPA Images/LightRocket via Getty Images

Wells Fargo agreed to a pay a combined $3 billion to the Justice Department and the Securities and Exchange Commission on Friday for opening millions of fake customer accounts between 2002 and 2016, the SEC said in a press release.

The big picture: The fine "is among the largest corporate penalties reached during the Trump administration," the Washington Post reports.

Bloomberg offers to release women from 3 nondisclosure agreements

Mike Bloomberg. Photo: Brett Carlsen/Getty Images

Mike Bloomberg said Friday his company will release women identified to have signed three nondisclosure agreements so they can publicly discuss their allegations against him if they wish.

Why it matters, via Axios' Margaret Talev: Bloomberg’s shift in policy toward NDAs comes as he tries to stanch his loss of female support after the Las Vegas debate. It is an effort to separate the total number of harassment and culture complaints at the large company from those directed at him personally. That could reframe the criticism against him, but also protect the company from legal fallout if all past NDAs were placed in jeopardy.