Blackstone had trouble recruiting women until it asked why the prospect of joining the firm was turning them away, co-founder Stephen Schwarzman said at Saudi Arabia’s flagship investment conference.
Fellow panellist Ana Botin was quick to jump in and say that what’s scary is to be “the only woman always surrounded by men”. The Banco Santander chair was the only woman on the eight-person panel, though the conference was opened by female speakers. The private-equity industry, which has long prided itself on an aggressive work-till-you-drop culture, has been trying to boost diversity and work-life balance. Carlyle Group is awarding about $2m to more than 50 executives and other employees globally who are excelling at goals tied to inclusion.
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