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And don't miss Mark Gilbert on another industry failing at gender equality: "Investors are increasingly using environmental, social and governance criteria when deciding where to allocate money. That's a welcome development. But when it comes to promoting gender equality in corporate leadership, the asset-management industry itself is falling short."
This column does not necessarily reflect the opinion of Bloomberg LP and its owners.
Max Nisen is a Bloomberg Gadfly columnist covering biotech, pharma and health care. He previously wrote about management and corporate strategy for Quartz and Business Insider.
To contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.net.
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