Serena swaps volleys for the Valley
Pregnant Serena Williams attends a gala with her fiance, Alexis Ohanian, in New York earlier this month. The tennis superstar has joined the board of Silicon Valley company SurveyMonkey, where she hopes to champion diversity issues. Reuters |
Star on diversity mission after joining San Fran tech company
SAN FRANCISCO, California - Serena Williams has 23 Grand Slam singles titles, four Olympic medals, major endorsement deals and her own line of clothing and accessories. Now she is embarking on a new mission: Helping tech companies diversify their workforces and solve one of the industry's most vexing problems.
Williams, 35, will get her chance as she joins a Silicon Valley boardroom. Online survey service SurveyMonkey announced Williams' appointment to its board on Wednesday, along with Intuit CEO Brad Smith.
"I feel like diversity is something I speak to," Williams said in an interview with Associated Press.
"Change is always happening; change is always building. What is important to me is to be at the forefront of the change and to make it easier for the next person that comes behind me."
Pregnant Williams, who is on maternity leave for the rest of this year's tennis season, didn't offer specifics about her goals as a corporate director. She implied that her very presence can push the company - and, by extension, the industry - in a more diverse direction.
Individual board members don't usually exert great influence over the companies they oversee, although they are often compensated handsomely in cash and stock for their part-time work.
SurveyMonkey didn't say how much Williams will earn.
Silicon dreams
Silicon Valley's lack of diversity has become a recurring source of embarrassment in a region that has long sought to position itself as an egalitarian environment.
Yet that philosophy hasn't been reflected in high-tech workforces, despite the efforts of companies such as Google, Apple and Facebook to fix the problem.
Williams has been hanging around Silicon Valley more frequently now that she is engaged to high-tech entrepreneur Alexis Ohanian, the co-founder of online forum Reddit.
Like many other African-Americans, she is disappointed that the vast majority of high-paying technology jobs are filled by white and Asian men.
At SurveyMonkey, which employs about 650 people, only 27 percent of technology jobs are filled by women. Just 14 percent of its total payroll consists of African-Americans, Latinos or people identifying themselves with at least two races, according to numbers the company provided to AP.
Eye opener
Williams' appointment is part of the solution, according to SurveyMonkey CEO Zander Lurie.
"My focus is to bring in change agents around the table who can open our eyes," he said.
Diversity advocates say women and minorities add value to corporate boards, as well as companies' executive ranks, by offering new perspectives and advocating for a broader range of a company's stakeholders, whether that's customers, shareholders or employees.
In a report on France's quota requirements for corporate boards, the business research group Conference Board found that the real value of adding women came from the fact that they were more likely to be outsiders.
They were more likely to be foreigners, have expertise in more diverse business issues than men and more likely to have risen through the ranks outside traditional networks, such as elite universities. This, in itself, can "substantively" improve the collective decision-making of a board, according to the report.
Williams' celebrity may help draw attention to the lack of diversity on corporate boards themselves, said Brande Stellings, vice-president of corporate board services for Catalyst, a group focused on fighting for women's rights at work.
For instance, African-American women occupy only 122 of over 5,000 board seats among Fortune 500 companies, based on Catalyst's analysis.
"This is an opportunity to show you don't want a board full of people with the same backgrounds and experiences as everyone else," Stellings said. "(Williams) can bring a fresh perspective and a different voice that could be helpful for disrupting the 'group think' that's typical in many boardrooms."
Stepping stone
Racism is something Williams confronted and overcame at an early age when she began playing a predominantly white sport. She grew up to become the women's world No 1.
Diversifying Silicon Valley isn't the only item on Williams' agenda.
Like a lot of rich athletes, she is interested in becoming more involved in the business opportunities amid the high-tech boom in Silicon Valley. She says she is already exploring other opportunities in the area, but isn't ready to provide details yet.
Her connection to SurveyMonkey came through her friendship with Sheryl Sandberg, Facebook's chief operating officer and another member of SurveyMonkey's board. Sandberg's husband, Dave Goldberg, was SurveyMonkey's CEO before he died in 2015 while the couple was vacationing in Mexico.
"I have been really interested in getting involved in Silicon Valley for years, so I have been kind of in the wading waters," Williams said.
"Now, I am jumping into the deep end of the pool. When I do something, I go all out."
Associated Press
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