Linda McMahon is starting a new business geared towards promoting leadership opportunities for women. The company, based out of Texas, will organize events featuring prominent female keynote speakers, panel discussions and workshops in an effort to encourage women to pursue advancement in their careers.
“It’s impossible not to recognize that even in 2016, women are clearly underrepresented in leadership,” McMahon said in an e-mail Wednesday to Hearst Connecticut Media. “Women are 51 percent of the population but only 20 percent of Congress. Women earn the majority of college degrees but on average only make 78 cents on the dollar. Women make 80 percent of household spending decisions, but only 5 percent of Fortune 500 companies are led by women. Only 17 percent of corporate board members are women. This is not about setting quotas, but about having a diversity of perspectives and experiences in decision-making roles. We are making progress, but there are still glass ceilings that need to be cracked.”
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McMahon was essentially second in command to Vince McMahon with WWE until her departure in 2009. She twice ran as a Republican for a Senate seat out of Connecticut but lost both campaigns, despite spending $100 million.