Tory Burch Asks Forbes Summit Why The Debate Around Equal Pay For Women Continues

Tory Burch at Forbes Woman Summit.jpg

Tory Burch Asks Forbes Summit Why The Debate Around Equal Pay For Women Continues

Forbes considers Tory Burch to be one of America’s richest self-made women, estimating her net worth at $850 million. Judged today by her competence, strategic thinking and brand positioning, Tory Burch, who previously worked at Ralph Lauren and Vera Wang, says that when she launched her lifestyle brand in 2004, she wan’t taken very seriously.

Burch joined ultimate equal-pay activist Lilly Ledbetter to discuss the impact of the gender pay gap in a Forbes Women’s Summit discussion moderated by Cosmopolitan editor Jessica Pels. Ledbetter is known as the Alabama area manager at a Goodyear plant who learned through an anonymous note that she was paid 35%-40% less than men in her same position.

Ledbetter’s case wound its way through the US court system, until the Supreme Court in 2007 overturned a $3 million verdict in her favor, ruling that pay discrimination lawsuits must filed within 180 days of her first unequal paycheck. President Obama effectively nullified the court’s decision in 2009, making the Lilly Ledbetter Fair Pay Act, the first new law of his administration. Obama stipulated that the statute of limitations for filing equal-pay lawsuits based on pay discrimination resets with each new paycheck that is part of the discriminatory act.

Alasdair McLellan Flashes Liya, Sara Grace, Hoyeon + Hayett For Tory Burch Spring/Summer 2019 Campaign

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Alasdair McLellan Flashes Liya, Sara Grace, Hoyeon + Hayett For Tory Burch Spring/Summer 2019 Campaign

Benjamin Bruno styles models Hayett McCarthy, Hoyeon Jung, Liya Kebede and Sara Grace Wallerstedt in Tory Burch’s Spring/Summer 2019 campaign. Alasdair McLellan is behind the lens, capturing Tory’s ‘Spirit of Adventure’ campaign.

Burch is busy connecting with women all over America, currently on tour in her philanthropic/activist #EmbraceAmbition campaign. Forbes caught up with Tory in Philadelphia last week. “Burch has always envisioned social responsibility to be part of her brand and business and started the Tory Burch Foundation to advance women’s empowerment and entrepreneurship. The need for the Foundation is continually reinforced by studies like SCORE’s recent “The Megaphone of Main Street: Women’s Entrepreneurship” that found while women-owned businesses are making gains, they still lag behind men in key areas like funding.

Ivanka Jumps In Dad's Oval Office Driver's Seat On Behalf of Women | Will She Succeed?

Ivanka Jumps In Dad's Oval Office Driver's Seat On Behalf of Women | Will She Succeed?

Women attending the Monday Trump-Trudeau meeting included General Electric Canada CEO Elyse Allan, TransAlta Corp. CEO Dawn Farrell, Accenture North America CEO Julie Sweet, and Monique Leroux, chair of the board of directors for Investissement Québec, according to the AP. GM CEO Mary Barra was represented by Carol Stephenson of GM's board of directors. 

Katie Telford, Trudeau's chief of staff, Canadian Foreign Minister Chrystia Freeland, and Dina Powell, an assistant to President Trump and a senior counselor for economic initiatives, attended. The trio is responsible for setting up the new council and recruiting participants like Barra, GE vice chair Beth Comstock, and Catalyst CEO Deborah Gillis.

The week prior Ivanka Trump hosted a small dinner party at the New York apartment of Wendi Murdoch, ex-wife of Fox News media mogul Rupert Murdoch. Attending the private dinner were IBM CEO Ginni Rometty, Deloitte CEO Cathy Engelbert, Xerox chairman Ursula Burns, designer Tory Burch, and television host Mika Brzezinski. Ivanka Trump explained to the women that she wanted to learn about what the leaders were doing in areas like entrepreneurship, equal pay, paid leave, and education.

Planned Parenthood, Birth Control, Abortion Rights

Yes, Ivanka Trump champions the idea of gender equality -- although she refuses to openly support Planned Parenthood. This is relevant because controlling her fertility is the top tool a woman employs to advance her family's welfare and her own career.  

Designer Tory Burch, builder of one of America's most successful fashion brands and an attendee at Wendi Murdoch's private dinner, not only supports a woman's right to control her fertility, but she co-organized with designers Tracy Reese and Diane von Furstenberg New York Fashion Week's campaign to support Planned Parenthood, now under vicious attack by her father's administration. 

Melinda & Bill Gates were more confrontational than ever before in their annual letters and interviews this week, as they aggressively confronted the devastating impacts of now President Trump's expansion of restrictions around the Mexico City policy, governing USAID dollars supporting women's health initiatives worldwide.