Worcester Business Journal

February 5, 2018

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wbjournal.com | February 5, 2018 | Worcester Business Journal 3 Editor, Brad Kane, bkane@wbjournal.com News Editor, Grant Welker, gwelker@wbjournal.com (Real estate, higher education) Staff Writers Zachary Comeau, zcomeau@wbjournal.com (Manufacturing) Emily Micucci, emicucci@wbjournal.com (Health care) Contributors Susan Shalhoub Livia Gershon Research Director, Stephanie Meagher, smeagher@nebusinessmedia.com Research Assistant, Heide Martin, hmartin@nebusinessmedia.com Production Director, Kira Beaudoin, kbeaudoin@wbjournal.com Associate Art Director, Mitchell Hayes, mhayes@wbjournal.com Senior Accounts Manager Matt Majikas, mmajikas@wbjournal.com Custom Publishing Project Manager Christine Juetten, cjuetten@wbjournal.com Senior Special Accounts Manager Mary Lynn Bosiak, mlbosiak@wbjournal.com Marketing & Events Manager Kris Prosser, kprosser@wbjournal.com Events & Marketing Intern Megan Irish, events@wbjournal.com COO, Mary Rogers, mrogers@nebusinessmedia.com Accounting Manager, Valerie Clark, vclark@nebusinessmedia.com Accounting Assistant, Rae Rogers, rrogers@nebusinessmedia.com Collections Manager, Raki Zwiebel, rzwiebel@nebusinessmedia.com Human Resources, Jill Coran, jcoran@nebusinessmedia.com Publisher, CEO, Peter Stanton pstanton@nebusinessmedia.com Associate Publisher, Mark Murray mmurray@wbjournal.com President, Joseph Zwiebel jzwiebel@nebusinessmedia.com L ess than 40 hours before the press deadline for our Jan. 22 issue, I noticed we had unwittingly creat- ed a major problem: The maga- zine featured entirely men. All of the sources in each of the four feature stories were men, all the photos for those stories were of men, all the advice columns were from men. This problem sprung up by happenstance: the three reporters each compiled their sourc- es independently; advice columns are assigned to keep an even split among men and women, but the Jan. 22 edition just happened to have two from men. One of WBJ's editorial goals is to have diversity in its print pages: gender, race, geography. We want our magazine to reflect the entire Central Massachusetts business community, where women make up 49 percent of the workforce. This is important to capture the best sto- ries, best advice and greatest intelligence of our community. We can't do that by relying on half the population. In this issue, News Editor Grant Welker unveils the first part of this three-part series called The Boardroom Gap, examining the lack of gender diver- sity in business leadership. The findings aren't all that surprising: Women make up 33 percent of the region's business leadership, with nonprofits raising the curve while public firms lag behind. These circumstances are largely creat- ed by the same historical dynamic which leads to men filling up a disproportion- ate share of WBJ's articles and photos: A generation ago, men made up a larger portion of the workforce and leadership positions and continue to ascend to power. Sticking by the maxim, "The best person gets the job" leads to the people with the more traditional experience and career path – a candidate pool skewing male – getting the job. This philosophy ignores the dynamic people with varying backgrounds and less traditional skill sets bring. If diversity is important to your organization, then you have to pri- oritize it come decision time. As we were faced with our own gender problem in the Jan. 22 issue, I eschewed my traditional content approach of let- The definition of insanity Worcester Business Journal (ISSN#1063-6595) is published bi-weekly, 24x per year, including 4 special issues in May, September, October, and December by New England Business Media. 172 Shrewsbury St., Worcester, MA 01604. Periodicals postage paid at Worcester, MA. Copyright 2018. All rights reserved. Postmaster: Please send address changes to: Worcester Business Journal, PO Box 330, Congers, NY 10920-9894. Subscriptions: Annual subscriptions are available for $54.95. For more information, please email wbjournal@ cambeywest.com or contact our circulation department at 845-267-3008. Fax: 845.267.3478 Advertising: For advertising information, please call Mark Murray at 508-755-8004 ext. 227. Fax: 508-755-8860. Worcester Business Journal accepts no responsibility for unsolicited manuscripts or materials and in general does not return them to the sender. Worcester Business Journal 172 Shrewsbury Street, Worcester, MA 01604 508-755-8004 tel. • 508-755-8860 fax www.wbjournal.com A division of: NEWS & ANALYSIS DEPARTMENTS 4 Central Mass. In Brief 5 Flash Poll 10 The Boardroom Gap, a three-part series 16 Focus on Banking & Finance 20 The List: Top banks 21 Know How 22 On the Move 24 Photo Finish 25 Opinion 26 Shop Talk: Andrew Langlois, BizHelm 8 Leading with care UMass Memorial bids farewell to retired President Patrick Muldoon, who turned around a struggling financial behemoth. 18 Tax savings Central Mass. companies are praising the new federal tax law and eying local investment, but many questions are unanswered. I N T H I S I S S U E Worcester Business Journal WBJ Knowledge + Experience + Trusted Advice. It all adds up. Large enough to serve the needs of most businesses and individuals; small enough to offer the personal attention you expect and deserve. Greenberg, Rosenblatt, Kull & Bitsoli, PC Certified Public Accountants 306 Main Street, Suite 400 • Worcester, MA 01608 508.791.0901 • www.grkb.com ting the chips fall where they may, to focus on adding more women in the parts of the edition still under development: Central Mass. In Brief, the Viewpoint col- umn, Movers & Shakers photos. The issue was better as a result. - Brad Kane, editor W CORRECTION: In the publication "Fact Book: Doing Business In Central Massachusetts" the property tax rates for the region's communities were listed as percentages for every $100 in property valuation, instead of the correct $1,000. Also in Fact Book, the average net worth for communities was listed as a resident's average, instead of the correct household averages.

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