Finance Matters

Archive for January 28th, 2010

Women make up 45% of firm associates but only 22% of federal judgeships.

That 22% is higher than the percentage of women partners at major law firms, which sits at 19.

The judge numbers come from a new study released by the Center for Women in Government & Civil Society at the University of Albany. (The ABA Journal has a link to the study here.)

There are no women serving as federal judges Montana, New Hampshire and the Northern District of New York, and no state has reached the 50% level for either the state or federal bench.

“The gender gap,” the study asserts, “cannot be attributed to the lack of women who are qualified to serve on the bench, but to the lack of opportunity and access afforded to women.”

Obviously that’s a pretty broad statement and there are a million reasons why men still outnumber women and we doubt the number will ever be 50%.

But the number should go up every year until they plateau, precisely for the reason that that 45% of firm associates (not to mention, of course, non-firm lawyers) will each year bring more women into the judgeship pool, women who will be nearly as numerous and obviously just as qualified as their male counterparts.

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See Also:

• Shocker! Women Did Not Appreciate Planned NY Bar Panel For Men To Tell Women How To Communicate*
• Hey, Ladies! Four Of Five New Sullivan & Cromwell Partners Are Women

News Corp. has ended talks with the New York Times to use their printing plant in Queens.

According to the E&P: Asked to confirm that his organization approached Times, Joe Vincent, Post and Dow Jones Senior Vice President of Operations, said, “We did, but we couldn’t work out a deal.”

Vincent also challenged the Times report on the reason for seeking a printer and the duration of the work. “We didn’t need to do it because the project’s late,” he told E&P. “We wanted to build in a bigger buffer.” The outsourced printing, he added, was to last two weeks, not the two months that the Times reported, he added.

The Wall Street Journal still needs a plant to print their new New York edition, set to debut in April.

Executives challenge more facts from the original New York Times article in the full report at Editor & Publisher.

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See Also:

• Wall Street Journal Needs New York Times To Save Them
• Here Comes The Sun: Rupert Murdoch Gathers Troops To Battle New York Times
• Wall Street Journal And New York Times Get In Mud Flinging Contest

NBC may be losing money by broadcasting the Vancouver Olympics, but it is still expecting viewers to tune by Feb. 12.

Alan Wurtzel, president of research at NBC Universal, is expecting 200 million people to watch the 17-day Olympic Games, according to the Wall Street Journal. 

That’s a low number compared to the 215 million who watched the Summer Olympics in Beijing. But it’s higher than the last Winter Games in Torino had 184 million viewers.

Wurtzel noted that NBC is tracking both TV and internet viewers to reel in advertisers.

With a 30% decrease in 4th quarter earnings, and a rumored loss of $200 million in airing the Vancouver games, NBCU is banking on the data to bring back advertisers.

Their only threat? American Idol, according to Wurtzel.

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See Also:

• Uh Oh, Comcast! NBCU’s 4th Quarter Earnings Decreased 30%
• NBC’s Fail King: Comcast Should Give Jeff Zucker The Pink Slip
• How Television Advertising Will Change

Market guru and Marketplace senior editor Paddy Hirsch is back again with one of his famous “Whiteboard” videos.

In this video, Hirsch explains exactly how the big banks make money today. It involves a very familiar cast of characters that I’m sure you’ll recognize.

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See Also:

• Ben Bernanke’s Huge Mistake About The Crisis Will Screw Us All
• Mysterious Direct Bidding Strength Leads Traders To Suspect A Massive Hidden Treasury Buyer
• Bank Of America’s CEO To Be Paid $950,000 Salary

How much are Googlers worth to Google? According to revenue generated per employee, around $336,000 per quarter, or about $1.34 million per year on an annualized basis.

That’s the highest that figure has been in three years.

For comparison, Yahoo is only getting $130,303 per employee per quarter, or $512,212 annualized.

Obviously, certain employees are making more money for the company than others, but Google says it’s ready to hire aggressively.

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