Meet Luo Mingxiong, the Chinese investor who says female bosses are bad for business

A piece published on the website of Justice for Men & Boys (and the women who love them), the political party of which I’m the chairman, in March 2018:

Followers of this website will need no reminding that Campaign for Merit in Business has been explaining since 2012 that strong evidence exists – here – demonstrating a causal link between increasing gender diversity on boards, and corporate financial DECLINE. While proponents of ‘more women on boards’ continue to misrepresent correlation (between increasing gender diversity on boards, and corporate financial improvement) as causation, any 16-year-old studying Mathematics at GCSE level should be aware that correlation isn’t the same as causation, and doesn’t even imply it.

Professor Susan Vinnicombe of Cranfield University has been for many years the world’s leading academic proponent for ‘more women on boards’. In 2012 she admitted to a House of Lords inquiry that she knew of no evidence of a causal link between increasing gender diversity on boards, and improved corporate financial performance – here.

Our thanks to James for alerting us to an article about a Chinese investor based in Beijing, Luo Mingxiong. The start of the piece:

After days in the spotlight for saying female CEOs are bad for business, Luo Mingxiong, a Chinese investor in Beijing, does not regret what he said.

“If I could have had a chance to say it again, I would still list this as my investment principle,” said Luo. He was referring to his statement at a public presentation in Beijing this month that “we usually don’t invest in female chief executive officers”.

Luo, the founder of Beijing venture capital firm Jingbei Investment, sparked a public outcry in China as he listed female CEOs in his 10 no-investment principles, suggesting that in the corporate world, they are as negative an attribute as dishonesty or an inability to learn.

Embedded in the article is a link to an article by a female journalist, Enoch Yiu, and published in 2016 in the South China Morning Post. It’s titled, Female CEOs, board members improve company returns, says Credit Suisse study. She is misrepresenting correlation as causation. The 52-page-long 2016 Credit Suisse study is here. The bottom line? At no point does the report claim a causal link between increased gender diversity on boards, and improved corporate financial performance.

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‘I won’t sign a prenup’ says Harry: Prince rejects chance to safeguard £30million fortune with a prenup, as he is determined his marriage ‘will work’

A piece published on the website of Justice for Men & Boys (and the women who love them), the political party of which I’m the chairman, in March 2018:

Our thanks to Mike P for this. An extract:

Prince Harry always has been something of a romantic, publicly lamenting his difficulties in finding lasting love.

Now he’s engaged to Meghan Markle, the 33-year-old has made the most dramatic sign of his devotion: [J4MB: No, the most dramatic sign of his naivety.]  I hear that Harry has rejected signing a prenuptial agreement to safeguard his estimated £30 million fortune.

‘There was never any question in Harry’s mind that he would sign a prenup,’ one of his friends tells me. ‘He’s determined that his marriage will be a lasting one, so there’s no need for him to sign anything.’… [J4MB: If he were solely responsible for whether the marriage would last, his determination might be important. He’s setting himself up to be her slave, onw with a difference – one who will leave with a large part of his fortune.]

Meghan divorced her first husband, American film producer Trevor Engelson, after two years.

The likelihood of divorce is around 50% for most marriages in the UK, and increases with each subsequent marriage.

I went to four different betting shops in Bedford last week. Not one would give me odds on Prince Harry and Meghan Markle divorcing within five years of their marriage.

Remember, folks, Men shouldn’t marry.

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Sandra Bullock’s and Cate Blanchett’s skin-care secret is Penis Facials

A piece published on the website of Justice for Men & Boys (and the women who love them), the political party of which I’m the chairman, in March 2018:

Our thanks to Glen for this. The start of the piece:

In the midst of promoting Giorgio Armani’s perfume, Sì PassioneCate Blanchett paused to share some important information about how she and Ocean’s Eight co-star Sandra Bullock get their enviable, glowy skin.

“Sandy Bullock and I saw this facialist in New York, Georgia Louise, and she gives what we call the penis facial and it’s something — I don’t know what it is, or whether it’s just ’cause it smells a bit like sperm — there’s some enzyme in it so Sandy refers to it as the penis facial,” she told Vogue Australia.

The actual name of the facial is the Hollywood EGF (Epidermal Growth Factor) Facial, which the Upper East Side facialist created specifically for Bullock while she was filming in the city last year. The sperm smell that Blanchett described wasn’t too far off though. The serum used in the facial is actually derived from cells taken from the freshly removed foreskin of newborn babies in Korea. [J4MB emphasis]

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Melissa Kite: “Save me from stupid women”

A piece published on the website of Justice for Men & Boys (and the women who love them), the political party of which I’m the chairman, in March 2018:

Subscribers to The Spectator will surely enjoy this. For those of you who don’t subscribe, herewith the end of Melissa Kite’s column:

My [Facebook] description [of her horse lorry] ran to over 100 words including every possible engine detail, all the dimensions, the weight laden and unladen, and how it was suitable for horses up to 16 hands.

‘Can I put my 16.2h horse in it?’ came the response of one girl. And then from another: ‘Will my 16.3 fit in this?’

‘The problem you’ve got,’ said the keeper, as we sat in my kitchen, me head in hands, my laptop pinging with superfluous Facebook notifications, ‘is that you are dealing with women.’

‘Stupid women!’ I cried.

Because, after all the questions, they were turning up and not even test-driving it. I popped the bonnet for one girl. ‘What are you doing?’ she said. ‘Showing you the engine,’ I said. ‘Oh, but I don’t want to see that.’ ‘But it’s got a new battery and spark plugs.’ ‘I’m not really interested to be honest,’ she said, fiddling with the radio.

‘Would you like me to turn the engine over?’ ‘Nah.’ ‘Can I show you the paperwork? I have the service history.’ There was no point, She was glazing over.

It suddenly occurred to me that in the time it takes me to sell this lorry, Gracie will be fully recovered from her tendon strain and jumping again. So what if it’s £75 a month to tax, insure and park. If I let it stand idle for six months and don’t try to sell it, that’s £450 not to have to deal with women asking pointless questions. Cheap at half the price.

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Alex Mahon, female CEO of Channel 4, commits (in an interview with Cathy Newman) to increasing the number of women in the top 100 highest-paid positions from 34 to 50 by 2023 “at the latest”

A piece published on the website of Justice for Men & Boys (and the women who love them), the political party of which I’m the chairman, in March 2018:

Outrageous (video, 1:57). In one breath Alex Mahon states a commitment to equal opportunities for men and women, in the next she commits to increasing the proportion of women in the top 100 highest-page positions from 34 to 50 by 2023 “at the latest”, which will inevitably require discrimination for women and against men, necessarily ditching the “equal opportunities for men and women” principle. There is no longer any pretence that increasing the proportion of women in top jobs has anything to do with merit.

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Sir James Munby calls for overhaul of marriage law and says it’s risible that men must pay ex-wives for life

A piece published on the website of Justice for Men & Boys (and the women who love them), the political party of which I’m the chairman, in March 2018:

Our thanks to Mike P for this. The start of the piece:

Britain’s most senior family judge called for an overhaul of marriage law yesterday, saying people would one day laugh at the idea that a man had to support his ex-wife for life.

Sir James Munby called for equality for divorcees when maintenance payments are settled by the courts, highlighting ‘absurd’ divorce settlements that are unfairly biased against men. [J4MB emphasis]

Sir James, who is president of the family division of the High Court, also said cohabitees should have the same status as married couples, [J4MB: An outrageous suggestion, especially if the associated legislation were retrospective, prompting many greedy women to leave their partners, and steal the assets the men had inherited and/or worked for] and fault-free divorces should be introduced.

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Harriet Harman proposes the logical progression from all-women PPC shortlists – all-women Labour party leadership contests

A piece published on the website of Justice for Men & Boys (and the women who love them), the political party of which I’m the chairman, in March 2018:

Labour grandee Harriet Harman photographed by Louise Haywood-Schiefer

Politics Home caption: Insane miserable hatchet-faced trout says the next Labour leader must be a woman. (We may have altered it a little, but the words are implied by “Harriet Harman”.)

Our thanks to Ray for this on the Politics Home website.

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