ON BOARDROOM QUOTAS: A LETTER TO THE ECONOMIST (July 25, 2011)
Promoting women into boardrooms by imposing quotas is a very bad idea, as you argue persuasively enough (“Still Lonely at the Top,” July 23, 2011). That means kicking more capable men out of boardrooms for the sake of vaunted equality between the genders. Luckily, the idea is currently catching on in Europe only. America is largely free of it, and much of Asia is still blissfully unaware of it. But look at it on the bright side. As Europe is increasingly irrelevant in world business, the damage will be limited and perhaps even tolerable. By and by, America and Asia will acquire a much better argument against boardroom quotas than Europe has at present. The bad idea will become palpably obvious to all concerned, including capable women. From the vantage point of world business, everything will thus be alright in the longer run.